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Land Predevelopment

Brooklyn, NY

Land - Predevelopment

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Brooklyn, NY

Land Predevelopment

LAND - PREDEVELOPMENT

ACRES funded an acquisition and predevelopment project secured by three contiguous vacant parcels totaling a combined 1.02 acres in Brooklyn, N.Y. Sponsored by The Collective, this project will include the development of a mixed-use property comprised of the following:

  • 100-plus co-living units
  • Restaurant
  • A variety of publicly accessible, communal amenity spaces
  • Parking

Conveniently located in the Bedford-Stuyvesant neighborhood of Brooklyn, the site is conducive to commercial and residential development.

$31 Million

Loan Amount

12 Months

Loan Term

Bridge Loan

Loan Product

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