Avery Hall, along with its joint venture partners Declaration Partners and Bridge Investment Group, has successfully secured $72.5 million in construction financing for their latest project at 544 Carroll St. This 17-story Class A multifamily development is located in the vibrant neighborhood of Gowanus, Brooklyn.
The development will consist of 133 units and will include a mix of affordable housing options. The anticipated completion date for this project is Q4 2025 and it will offer residents amenities such as a rooftop lounge, fitness center, and event space.
JLL played a key role in securing this financing on behalf of the borrower led by Christopher Peck and Peter Rotchford. With their expertise in commercial real estate finance, JLL was able to secure funding from TD Bank for this exciting new development.
This latest achievement by Avery Hall’s JV showcases their commitment to creating high-quality residential spaces that meet the needs of diverse communities without compromising on luxury living standards.
