Brooklyn Developers to Acquire Church Site in Downtown Brooklyn for Resi Project
Tankhouse and Lonicera Partners — a pair of Brooklyn-based developers — are in contract to acquire a church property in Downtown Brooklyn and build a new residential building on the site. The developers are set to buy the development site at 360 Schermerhorn Street on the border…
Tankhouse and Lonicera Partners — a pair of Brooklyn-based developers — are in contract to acquire a church property in Downtown Brooklyn and build a new residential building on the site. The developers are set to buy the development site at 360 Schermerhorn Street on the border…
BELLINGS Intelligence Score: 10
Why it matters
This is a routine real estate development transaction involving local Brooklyn developers acquiring a church site for a residential project, with limited broader market impact or novelty for credit-market professionals.
Sources
Commercial Observer
Brooklyn Developers to Acquire Church Site in Downtown Brooklyn for Resi Project
Tankhouse and Lonicera Partners — a pair of Brooklyn-based developers — are in contract to acquire a church property in Downtown Brooklyn and build a new residential building on the site. The developers are set to buy the development site at 360 Schermerhorn Street on the border…