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New York & Tri-State  + Outer  + Finance  |  October 4, 2023
Emily Fu
By: Emily Fu

Avery Hall’s JV Lands $73M for Gowanus MF Development 

Brooklyn developer Avery Hall and its joint venture partners, Declaration Partners and Bridge Investment Group have secured $72.5 million in construction financing for 544 Carroll St., a 17-story ground-up Class A multifamily development in Gowanus, Brooklyn. TD Bank provided the financing. 

The project will comprise 133 units, of which 25% will be allocated for affordable housing. It is scheduled for completion in Q4 2025 and will feature a rooftop lounge, fitness center, and event space.  

JLL represented the borrower with a team led by Christopher Peck and Peter Rotchford. 

Read More News Stories About: JLL
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Inside The Story

Christopher Peck

About Emily Fu

Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money. With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.
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