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New York & Tri-State  + Outer  + Apartments  | 

Brooklyn Mixed-Use Development Secures $500M Capitalization 

A joint venture between Property Markets Group (PMG) and Carlyle has landed a $335 million construction loan and $165 million LP equity for Sackett Place and Society Brooklyn, a luxury mixed-use community in Gowanus, Brooklyn.  

Located at 267 Bond St. and 510 Sackett St. and slated to open in 2025, the project will feature two towers with 517 multi-housing units and 10,000 square feet of retail space. The development is part of the Gowanus rezoning initiative for permanent affordable housing.  

JLL’s Capital Markets Advisory Team was led by Christopher Peck, Andrew Scandalios, Peter Rotchford, Nicco Lupo, Rob Hinckley, Jeff Julien and Jonathan Faxon. 


Inside The Story

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.

  • ◦Development
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