Lendlease announces $700M Brooklyn waterfront apartment project

Dive Quick:

  • Australia-based developer and contractor Lendlease declared this 7 days that it is constructing an 800-unit condominium development on the waterfront in the New York City borough of Brooklyn. The job, which is estimated to have a price of $718 million (one billion Australian dollars), is backed by Australian pension fund Informed Tremendous.
  • The for-hire development alongside the East River will acquire up a entire town block — 2.six acres — and will include things like about 240 reasonably priced units. The advanced at one Java Street will also element a new waterfront esplanade with much better entry to the India Street pier and New York City Water Ferry, as nicely as sustainability aspects, like LEED Gold certification.
  • The job marks the extension of the $two billion Lendlease Americas Residential Partnership (LARP), which the developer and Informed Tremendous created to produce and maintain for-hire residential qualities in sure “gateway”
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