Industrial and Commercial Bank of China provided the debt
Brookfield Properties and the Park Tower Group have secured an $89 million loan from Industrial and Commercial Bank of China for the next phase of development at ‘Greenpoint Landing’, according to CO. Upon completion, the two buildings will contain a total of 1,240 units.
Worth Noting: Although city records do not specify the exact addresses, the lots are adjacent to Commercial, Eagle, and West Streets. The deal values the two Brooklyn sites at $148 million, according to CO.
Small piece of the puzzle: The massive 22-acre waterfront site will house 5,550 units across 10 buildings.