Hudson Companies, St. Nicks Alliance Secure $235M Loan For Kingsland Commons Phase 2

The development site located at 89 Maspeth Avenue in Williamsburg, Brooklyn, has attracted significant investment. The Hudson Companies and St. Nicks Alliance, supported by NYC agencies and private partners, have successfully secured a loan amounting to $235,000,000 for Kingsland Commons' second phase at the former Greenpoint Hospital Campus.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $235,000,000
• Address: 89 Maspeth Avenue
• Market: Williamsburg, Brooklyn
• Landlord: Eric Enderlin - The Hudson Companies & St. Nicks Alliance

The collaboration between The Hudson Companies, St. Nicks Alliance, NYC agencies, and private partners showcases the strategic planning and financial acumen involved in securing the substantial loan for the development site. This partnership highlights a commitment to urban revitalization and property development, ensuring the successful continuation of the Kingsland Commons project in Williamsburg, BK.