Hope Street Capital, the developer of 550 Clinton Avenue, a 29-story residential tower in Brooklyn, NYC’s Clinton Hill neighborhood, has secured a US$180-million construction loan, which means the tower should soon start rising, New York YIMBY reports. The building, designed by Morris Adjmi Architects, will bring 284 apartments to the intersection of Atlantic and Clinton avenues, standing next to the historic, 1891 Church of St. Luke and St. Matthew. The 200,000-ft2 building will include about 60,000 ft2 of retail space. Amenities will include a rooftop pool, a fitness center, indoor lounges and a coworking center. The Landmarks Preservation Commission approved the project, provided Hope Street Capital funds repairs to the church. Though construction has generally slowed, site excavation for 550 Clinton Avenue was nearly complete, which the source said may allow the building to meet its targeted completion date in 2022.

Post time: Apr-30-2020