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Daten Group lands financing for 540 Waverly Avenue

The Daten Group has secured $58.5 million in financing from SL Green for its development at 540 Waverly Avenue in Clinton Hill. The firm acquired the development site from Verizon New York for $17.5 million in December. 

  • Plans: Daten’s David Ennis plan to build a nine-story apartment building that will span 117,000 square feet. Upon completion, the mixed-use building will be comprised of 91,900 square-feet of residential space, and contain of 135 units (40 will be affordable). It will also include a 6,000 square-foot retail component and a 56-car enclosed parking garage. Construction is expected to begin this spring, TRD reported.
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