{"id":1004197848,"date":"2017-11-21T04:42:36","date_gmt":"2017-11-21T12:42:36","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004197848"},"modified":"2022-12-07T22:43:07","modified_gmt":"2022-12-08T06:43:07","slug":"brooklyn-mixed-use-project-lands-64m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/brooklyn-mixed-use-project-lands-64m\/","title":{"rendered":"Brooklyn Mixed-Use Project Lands $64M"},"content":{"rendered":"<p>By IvyLee Rosario<\/p>\n<div id=\"attachment_1004197887\" style=\"width: 362px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/200-Kent-Ave.-Brooklyn.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004197887\" data-attachment-id=\"1004197887\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/brooklyn-mixed-use-project-lands-64m\/200-kent-ave-brooklyn\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/200-Kent-Ave.-Brooklyn.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"200 Kent Ave., Brooklyn\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;200 Kent Ave., Brooklyn&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/200-Kent-Ave.-Brooklyn.jpg?w=800\" class=\"wp-image-1004197887 \" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/200-Kent-Ave.-Brooklyn.jpg\" alt=\"200 Kent Ave., Brooklyn\" width=\"352\" height=\"273\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/200-Kent-Ave.-Brooklyn.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/200-Kent-Ave.-Brooklyn.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/200-Kent-Ave.-Brooklyn.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 352px) 100vw, 352px\" \/><\/a><p id=\"caption-attachment-1004197887\" class=\"wp-caption-text\">200 Kent Ave. rendering<\/p><\/div>\n<p>Madison Realty Capital has secured a $64 million construction loan for 200 Kent Ave., a 117,326-square-foot mixed-use development in the Williamsburg neighborhood of Brooklyn, N.Y.<\/p>\n<p><em>\u201cWe continue to establish MRC as the one-stop shop for financing transitional real estate, including ground-up development deals like 200 Kent Ave.,\u201d<\/em>\u00a0said Josh Zegen, co-founder &amp; managing principal of MRC, in prepared remarks.\u00a0<em>\u201cIn this case, we\u2019re working with a repeat MRC borrower who understands our ability to execute efficiently, given our firm\u2019s up-to-the minute knowledge of <a href=\"https:\/\/www.commercialsearch.com\/news\/sl-development-secures-54m-loan-for-williamsburg-warehouse-buy\/\">local market conditions<\/a> and non-bureaucratic approach to reviewing investments. It\u2019s gratifying to deliver what the borrower needs to move this project forward quickly.\u201d<\/em><\/p>\n<h2>Development Details\u00a0<\/h2>\n<p>The retail portion will be anchored by a national grocery store and feature 600 feet of frontage. At completion, the project will offer 50,101 square feet of retail space, 22,055 square feet of office and restaurant space as well as 45,170 square feet of parking. The development&#8217;s upper floors will be dedicated to restaurant and office spaces.\u00a0<\/p>\n<p>The property is being constructed on a vacant 22,585-square-foot site that received approvals\u00a0for a six-story mixed-use project. 200 Kent Ave. is within blocks of other major neighborhood landmarks including the Domino Sugar project and the Bushwick Inlet Park. The development will offer easy access to the J, M, Z, G and L trains.\u00a0<\/p>\n<p>Cornell Realty Management is responsible for the development,\u00a0ME Architect P.C. is responsible for the design and RKF is marketing 39,000 square feet of retail and roof terrace space.<\/p>\n<p>Madison Realty previously arranged a $53.5 million mortgage loan for 722 Metropolitan Ave., a post-war former umbrella factory,\u00a0which SL Development plans to redevelop into a 90,000-square-foot mixed-use building.\u00a0<\/p>\n<p><em>Rendering\u00a0courtesy of Madison Realty Capital\u00a0<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The development, 200 Kent Ave., will offer 50,101 square feet of retail space, 22,055 square feet of office and restaurant space, as well as 45,170 square feet of parking. Madison Realty Capital arranged the construction loan. <\/p>\n","protected":false},"author":746,"featured_media":1004197887,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21825,21752,1600,21742,10],"tags":[37047,33241,33384],"class_list":["post-1004197848","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-finance","category-mixed-use","category-new-york","category-latest","category-northeast","tag-josh-zegen","tag-madison-realty-capital","tag-rkf"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Brooklyn Mixed-Use Project Lands $64M - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/brooklyn-mixed-use-project-lands-64m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Brooklyn Mixed-Use Project Lands $64M\" \/>\n<meta property=\"og:description\" content=\"The development, 200 Kent Ave., will offer 50,101 square feet of retail space, 22,055 square feet of office and restaurant space, as well as 45,170 square feet of parking. Madison Realty Capital arranged the construction loan.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/brooklyn-mixed-use-project-lands-64m\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2017-11-21T12:42:36+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T06:43:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/200-Kent-Ave.-Brooklyn.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"IvyLee Rosario\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/brooklyn-mixed-use-project-lands-64m\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/brooklyn-mixed-use-project-lands-64m\/\",\"name\":\"Brooklyn Mixed-Use Project Lands $64M - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/brooklyn-mixed-use-project-lands-64m\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/brooklyn-mixed-use-project-lands-64m\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/200-Kent-Ave.-Brooklyn.jpg\",\"datePublished\":\"2017-11-21T12:42:36+00:00\",\"dateModified\":\"2022-12-08T06:43:07+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/f2094ece0e063845f848c7f1c7b84780\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/brooklyn-mixed-use-project-lands-64m\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/brooklyn-mixed-use-project-lands-64m\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/brooklyn-mixed-use-project-lands-64m\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/200-Kent-Ave.-Brooklyn.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/200-Kent-Ave.-Brooklyn.jpg\",\"width\":800,\"height\":620,\"caption\":\"200 Kent Ave., Brooklyn\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/brooklyn-mixed-use-project-lands-64m\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Brooklyn Mixed-Use Project Lands $64M\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/f2094ece0e063845f848c7f1c7b84780\",\"name\":\"IvyLee Rosario\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/IvyLee_Rosario.jpg?w=67\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/IvyLee_Rosario.jpg?w=67\",\"caption\":\"IvyLee Rosario\"},\"description\":\"IvyLee Rosario is a Senior Associate Editor for Commercial Property Executive and Multi-Housing News. She has a background in Journalism and joined the team in 2016. She produces the MHN Daily newsletter, manages byline content, oversees the Research Center for both brands and hosts the Multifamily's Top Marketers podcast. Connect with her here\u2014Twitter: @IvyLeeRosario and LinkedIn: https:\/\/www.linkedin.com\/in\/ivyleerosario\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/ivyleerosario\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Brooklyn Mixed-Use Project Lands $64M - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/brooklyn-mixed-use-project-lands-64m\/","og_locale":"en_US","og_type":"article","og_title":"Brooklyn Mixed-Use Project Lands $64M","og_description":"The development, 200 Kent Ave., will offer 50,101 square feet of retail space, 22,055 square feet of office and restaurant space, as well as 45,170 square feet of parking. Madison Realty Capital arranged the construction loan.","og_url":"https:\/\/www.commercialsearch.com\/news\/brooklyn-mixed-use-project-lands-64m\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2017-11-21T12:42:36+00:00","article_modified_time":"2022-12-08T06:43:07+00:00","og_image":[{"width":800,"height":620,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/200-Kent-Ave.-Brooklyn.jpg","type":"image\/jpeg"}],"author":"IvyLee Rosario","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/brooklyn-mixed-use-project-lands-64m\/","url":"https:\/\/www.commercialsearch.com\/news\/brooklyn-mixed-use-project-lands-64m\/","name":"Brooklyn Mixed-Use Project Lands $64M - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/brooklyn-mixed-use-project-lands-64m\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/brooklyn-mixed-use-project-lands-64m\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/200-Kent-Ave.-Brooklyn.jpg","datePublished":"2017-11-21T12:42:36+00:00","dateModified":"2022-12-08T06:43:07+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/f2094ece0e063845f848c7f1c7b84780"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/brooklyn-mixed-use-project-lands-64m\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/brooklyn-mixed-use-project-lands-64m\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/brooklyn-mixed-use-project-lands-64m\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/200-Kent-Ave.-Brooklyn.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/200-Kent-Ave.-Brooklyn.jpg","width":800,"height":620,"caption":"200 Kent Ave., Brooklyn"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/brooklyn-mixed-use-project-lands-64m\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Brooklyn Mixed-Use Project Lands $64M"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/f2094ece0e063845f848c7f1c7b84780","name":"IvyLee Rosario","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/IvyLee_Rosario.jpg?w=67","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/IvyLee_Rosario.jpg?w=67","caption":"IvyLee Rosario"},"description":"IvyLee Rosario is a Senior Associate Editor for Commercial Property Executive and Multi-Housing News. She has a background in Journalism and joined the team in 2016. She produces the MHN Daily newsletter, manages byline content, oversees the Research Center for both brands and hosts the Multifamily's Top Marketers podcast. Connect with her here\u2014Twitter: @IvyLeeRosario and LinkedIn: https:\/\/www.linkedin.com\/in\/ivyleerosario\/","url":"https:\/\/www.commercialsearch.com\/news\/author\/ivyleerosario\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/200-Kent-Ave.-Brooklyn.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004197848","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/746"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004197848"}],"version-history":[{"count":5,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004197848\/revisions"}],"predecessor-version":[{"id":1004197977,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004197848\/revisions\/1004197977"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004197887"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004197848"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004197848"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004197848"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}