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Tavros, Charney Secure $300M Construction Loans for BK Resi Developments
Tavros Holdings, Charney Companies, and Incoco Capital have secured $300 million in funding for their joint venture development at 310 and 340 Nevins Street in Brooklyn’s Gowanus. The project will feature 668 residential units, with 25% designated as permanently affordable, plus over a half-acre of public waterfront esplanade and open space.
Two construction loans were secured: $160 million from Affinius Capital and Kennedy Wilson for 340 Nevins Street, and $140 million from TYKO Capital for 310 Nevins Street. Designed by Fogarty Finger Architects and James Corner Field Operations, the development spans 631,000 square feet on 2.3 acres along the Gowanus Canal.
“These buildings will provide much needed housing to New York City and contribute meaningfully toward the redevelopment of the Gowanus Canal into a newly cohesive waterfront esplanade that is accessible by the community,” said Colin Rankowitz, partner at Tavros.
Located near the Union Street subway station, the project offers studio to three-bedroom units. Newmark arranged the financing with a team led by Jordan Roeschlaub, Chris Kramer and Michael Dorfman.
