Haussmann Development closed on a $7.5-million land purchase of 10,166 square feet for a new mixed-income development located on 16-20 Convent Ave. in West Harlem. The 10-story development will transform the vacant space into 75 apartments, including 15 affordable at 60% Area Median Income (AMI), with one- and two-bedroom layouts.

Haussmann Development has acquired a vacant lot in Harlem and plans to build a 10-story residential building on the site. Haussmann, through the entity 16 Convent, bought the 10,166-square-foot lot at 16-20 Convent Avenue from Global Asset Properties, which used the entity 116 Convent Avenue, for $7.5 million, according to city records made public Monday.

Haussmann Development through the entity 16 Convent LLC paid $7.5 million to Global Asset Properties through the entity 116 Convent Avenue LLC for the development site (G7) at 16 Convent Avenue in Harlem, Manhattan. The expected use is ground up development.

Haussmann Development has closed on the $7.5 million purchase of a 10,166-square-foot plot for the development of a new residential building at 16-20 Convent Avenue in West Harlem, Manhattan. Designed by architect Nickolas Kazalas, the ten-story structure will yield 75 apartments with 15 reserved for residents earning 60 percent of the area median income (AMI).

A former parking lot in Harlem that now sits vacant, growing weeds, is poised to be redeveloped into residential housing, according to information from the builders.

Haussmann Development nabbed a $40.8M refi from Acres Capital for a 76-unit Crown Heights multifamily property that started leasing this month, Commercial Observer reported. The loan for 827 Sterling Place, which is fully electric and has 23 units designated as affordable housing, replaced a $38.5M mortgage because of the building’s early leasing success. A Cushman & Wakefield team led by Alan Blank, Zach Kraft and Gideon Gil arranged the financing.

Haussmann Development has secured $40.75 million in refinancing from ACRES Capital for The Eve, a newly completed residential building at 827 Sterling Place in Crown Heights, Brooklyn. The loan replaces a $38.5 million construction financing package from Urban Standard Capital, which was paid off at $35.8 million.

Haussmann Development has closed a $40.75-million refinancing loan from ACRES Capital for The Eve, a fully electric, mixed-income residential project at 827 Sterling Pl. in Crown Heights. The new financing replaces a construction loan from Urban Standard Capital, which carried a $38.5-million commitment but was paid off at a lower $35.8 million.

Haussmann Development has secured a $40.75 million loan to refinance a newly completed multifamily development in Crown Heights, Brooklyn, Commercial Observer has learned.

New York City is facing a shortage of preschool programs. Real estate developers have discovered that providing day care in their buildings can be good for business.

Haussmann Development has officially launched leasing at The Eve, a newly constructed seven-story mixed-income residential building located at 827 Sterling Place in Brooklyn’s Crown Heights neighborhood. The project brings a total of 76 new apartments to the area, including 23 affordable units that were offered through a housing lottery.

Haussmann Development launched leasing at The Eve, a seven-story, mixed-income residential building located at 827 Sterling Pl. in Crown Heights. The development introduces 76 new apartments to one of Brooklyn’s most sought-after neighborhoods, including 23 affordable apartments that were made available through a lottery process.

Construction is nearing completion on The Eve, a seven-story residential building at 827 Sterling Place in Crown Heights, Brooklyn. Designed by Issac & Stern Architects and developed by Haussmann Development, the project yields 76 apartments. Twenty-three of the units will be designated as affordable. The property is located between Nostrand and Rogers Avenues.

QuadReal Property Group has provided a $49.5 million loan for the refinancing of Arris Grand, a 113-unit apartment building in the Clinton Hill area of Brooklyn. The nine-story building was completed in 2024 includes three retail suites totaling 7,127 square feet.

A nine story apartment building in Clinton Hill at 445 Grand Ave. has secured a $49.5 million refinancing package, replacing its prior construction loan, per New York Yimby

Haussmann Development has secured a $49.5 million refinancing loan for Arris Grand, a mixed-use development at 445 Grand Avenue in Clinton Hill, Brooklyn. The loan, provided by QuadReal Property Group, replaces a $46 million construction loan from Scale Lending.

Haussmann Development has secured a $49.5-million refinancing loan for the Arris Grand, a mixed-use development located at 445 Grand Ave. in the Clinton Hill neighborhood of Brooklyn.

Haussmann Development has secured a $49.5 million refinancing loan for Arris Grand, a mixed-use development at 445 Grand Avenue in Brooklyn’s Clinton Hill neighborhood.

Haussmann Development has secured $49.5 million to refinance the Arris Grand, a nine-story, mixed-use complex with 113 apartments in Brooklyn’s Clinton Hill neighborhood, Commercial Observer has learned.

QuadReal Property Group has provided $49.5 million of mortgage financing against the 113-unit Arris Grand apartment property in the Clinton Hill section of Brooklyn, N.Y. The loan, arranged by

Churches have long been cornerstones of our communities, offering spiritual guidance, social services, and vital gathering spaces. Yet, in recent years, many congregations — especially those of color — have struggled to maintain their relevance and resources in a rapidly changing urban landscape.

The affordable housing lottery has launched for 827 Sterling Place, a seven-story residential building in Crown Heights, Brooklyn. Designed by Issac & Stern Architects and developed by Haussmann Development and Kriss Capital, the structure yields 76 residences. Available on NYC Housing Connect are 23 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $108,000 to $218,010.

Scaffolding was recently removed at 827 Sterling Place, exposing the red brick facade on the seven-story residential development in Crown Heights, Brooklyn. Known as The Eve, the new construction is developed by Haussmann Development and designed by Issac & Stern Architects. Leasing is expected to launch in March 2025 for April move-ins.

A seven-story residential development at 827 Sterling Place recently topped off in Brooklyn’s Crown Heights. Located between Rogers and Nostrand Avenues, the 70-foot-tall structure known as The Royal topped off last month after breaking ground in January 2024. Developed by Manhattan-based Haussmann Development and Kriss Capital and designed by Issac & Stern Architects, the ground-up new construction will yield 76 apartments.

A seven-story building is set to welcome 76 new apartments to Crown Heights, including 23 affordable units. The project will rise at 827 Sterling Place and is being designed by Isaac & Stern Architects. 827 Sterling will include studios, one-, and two-bedroom apartments. Demolition and abatement work has already taken place at the site and the final project is expected to debut in summer 2025.

Construction is set to begin on a new $55 million housing development in Crown Heights after developers received crucial funding from Urban Standard Capital. The seven-story apartment complex at 827 Sterling Place, dubbed “The Royal,” is set to be completed in the summer of 2025, and will offer both market-rate and affordable studios and one- and two-bedroom apartments.

Haussmann Development and Kriss Capital have secured a $38.5 million construction loan to complete a seven-story rental property at 827 Sterling Place in Crown Heights, Brooklyn.

Haussmann Development announced that it has closed on a $38.5 million construction loan for 827 Sterling Place in the Crown Heights neighborhood of Brooklyn. The seven-story project will feature 76 units of critically needed rental housing, including 23 affordable homes financed through the former 421-a tax abatement program.

Haussmann Development, and project partner, Kriss Capital, have landed a $38.5 million loan for a 7-story, residential building, set to rise at 827 Sterling Place in Brooklyn's Crown Heights neighborhood. Issued by Urban Standard Capital, this influx of capital will help to fund a majority of the construction costs for the project.

Haussmann Development has secured a $38.5 million construction loan for its project at 827 Sterling Place in Crown Heights, Brooklyn. The seven-story building will include 76 rental units, with 23 of them designated as affordable housing.

Haussmann Development, a New York City-based developer, has secured $38.5 million in construction financing to build a 76-unit rental property on the site of a demolished parking lot in Crown Heights, Brooklyn, Commercial Observer can first report. The 76-unit project is one of the last to use the now-expired 421a tax abatement.

The affordable housing lottery has launched for 168 West 136th Street, an eight-story residential building in Manhattan’s Central Harlem. Designed by architect Nicholas Kazalas and developed by Haussmann Development and Coltown Properties, the structure yields 27 rental units. Available on NYC Housing Connect are nine units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $107,658 to $198,250.

After announcing his bid to challenge Harlem Councilmember Kristin Richardson Jordan for her seat in 2023 last week, this Wednesday Assemblymember Al Taylor vented criticism for an expired development tax break at an event where he coronated a new building the policy helped create.

Upper Manhattan Assemblymember Al Taylor joined Haussmann Development on Wednesday to celebrate a ribbon-cutting for a new pair of mixed-use buildings in Harlem property at 2750-2754 Frederick Douglass Boulevard.