- Funding Needed
- $287 (Mio)
- EB5 Funding
- $27 (Mio)
- EB-5 Investors
- Investment Amount
- Job Creation per Investor
- Job Creation (Total)
- New Multifamily Housing Construction (except For-Sale Builders)
- Expected Maturity
- 5 years
- Expected Return
- Principal equity in project?
- Does this project have approved I-526's?
- Does this Regional Center have approved I-526's?
- Does this Regional Center have approved I-829's?
- New York
- 325 Kent Avenue Brooklyn, New York
- Last Update: June 26, 2018 06:21 PM
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- Developer Name
- 325 Kent LLC, an affiliate of Two Trees Management Company
The 17-story mixed-use facility will feature a remarkable glass and metal façade offering incredible views of Manhattan, the Williamsburg Bridge and the East River.
All 522 luxury residential units are anticipated to feature high-end finishes including open stainless steel kitchens with custom cabinetry, high-end appliances and stone countertops. Each unit is also expected to have individually controlled heating and air-conditioning units, a washer and dryer, solid-core wood doors, architectural chrome hardware and custom millwork. The bathrooms are expected to offer stone vanity tops and full-size bathtubs. Apartments are planned to be equipped with state-of-the-art telecommunications systems.
Rental apartments including studio, one-bedroom and two-bedroom units will be located on floors 3 to 15 of the building, while a structured parking garage will accommodate 500 parking spaces.
325 Kent Avenue is the first project within a major development of an 11-acre stretch of land along the Williamsburg Waterfront. The development in its entirety, is expected to include up to 2.3 Million SF of Residential Space, 575,000 SF of Commercial Space and 150,000 SF of Community Facility Space. Additionally, the project allows for an expansive 5-acre Open Space that will allow public access to the waterfront.
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