06.04.2021

THE NEW YORK TIMES

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Pellentesque non elit mi. Mauris pharetra neque non magna iaculis, vel rutrum metus sodales. Aliquam velit diam, tristique sed sagittis id, semper id quam. Nulla facilisi. Duis sed fringilla dolor. Proin tempor neque ut ex blandit malesuada. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Pellentesque non elit mi. Mauris pharetra neque non magna iaculis, vel rutrum metus sodales. Aliquam velit diam, tristique sed sagittis id, semper id quam. Nulla facilisi. Duis sed fringilla dolor. Proin tempor neque ut ex blandit malesuada.

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Lorem ipsum dolor sit amet, consectetur adipiscing elit. Pellentesque non elit mi. Mauris pharetra neque non magna iaculis, vel rutrum metus sodales. Aliquam velit diam, tristique sed sagittis id, semper id quam. Nulla facilisi. Duis sed fringilla dolor. Proin tempor neque ut ex blandit malesuada. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Pellentesque non elit mi. Mauris pharetra neque non magna iaculis, vel rutrum metus sodales. Aliquam velit diam, tristique sed sagittis id, semper id quam. Nulla facilisi. Duis sed fringilla dolor. Proin tempor neque ut ex blandit malesuada. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Pellentesque non elit mi. Mauris pharetra neque non magna iaculis, vel rutrum metus sodales. Aliquam velit diam, tristique sed sagittis id, semper id quam. Nulla facilisi. Duis sed fringilla dolor. Proin tempor neque ut ex blandit malesuada. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Pellentesque non elit mi. Mauris pharetra neque non magna iaculis, vel rutrum metus sodales. Aliquam velit diam, tristique sed sagittis id, semper id quam. Nulla facilisi. Duis sed fringilla dolor. Proin tempor neque ut ex blandit malesuada. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Pellentesque non elit mi. Mauris pharetra neque non magna iaculis, vel rutrum metus sodales. Aliquam velit diam, tristique sed sagittis id, semper id quam. Nulla facilisi. Duis sed fringilla dolor. Proin tempor neque ut ex blandit malesuada. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Pellentesque non elit mi. Mauris pharetra neque non magna iaculis, vel rutrum metus sodales. Aliquam velit diam, tristique sed sagittis id, semper id quam. Nulla facilisi. Duis sed fringilla dolor. Proin tempor neque ut ex blandit malesuada.

02-02-2022
02-02-2022

Developers Close On $55M Construction Loan For 959 Sterling Place In Crown Heights, Brooklyn

Hope Street Capital has closed on a $55 million construction loan to finance the completion of a new seven-story residential building in Crown Heights, Brooklyn. The property is located at 959 Sterling Place on a property formerly owned by the Hebron Seventh Day Adventist School, a New York City landmark completed in 1889.
The loan is the latest closing for SCALE Lending, a Slate Property Group affiliate. In the course of a year, SCALE has expanded its regional presence and is today among the most active construction lenders with more than $1.25 billion in loans closed.
Designed by Morris Adjmi Architects, the new building will comprise roughly 150,000 square feet and a collection of 158 rental units. A total of 48 units will be set aside as affordable housing. Available floor plans will range from studios up to two-bedroom accommodations. Residential amenities will include a communal lounge, a fitness center, and a manicured garden.
The fa├žade will comprise a mix of textured red brick, double-hung windows, pitched roofs paved with dark gray zinc shingles, and staggered open brickwork that conceals mechanical exhaust louvers and glass-clad volumes that link the east and west wings of the structure.
Construction broke ground last year following a lengthy approval process with the Landmarks Preservation Commission. Since then, the development team has not announced when the project is expected to debut.