The Domain Companies has closed on a $205 million refinancing for 420 Carroll, the first project completed under the 2021 Gowanus rezoning. The development comprises 360 mixed-income apartments, 27,000 s/f of commercial space and a 470-ft.-long public promenade along the canal. JLL and Newmark arranged the financing and an affiliate of Alliance-Bernstein L.P. provided the bridge takeout loan.

The Domain Cos. is taking over Mayer Malbin's old buildings in Long Island City.

A 26,000-square-foot development parcel in Long Island City, Queens, has sold for $26.84 million, according to public records. The Domain Companies has purchased the sites at 35-33 41st Street and 35-45 41st Street.

JLL Capital Markets announced today it has arranged $114 million in capitalization for the next phase of Greenpoint Landing, the 22-acre mixed-use development rising along a half-mile of the East River waterfront in Brooklyn’s Greenpoint neighborhood. JLL represented the borrower, a joint venture of developer The Domain Companies and LMXD, an affiliate of L+M Companies, along with master developer Park Tower Group, which will deliver three new mixed-income residential towers with more than 1,000 residential units on the site known as Block C at 213 West St. in Greenpoint.

The Domain Companies and LMXD are teaming up with master developer Park Tower Group for the megaproject’s next phase, Commercial Observer reported. The joint venture will add more than 1,000 apartments, 20,000 square feet of retail and a public park to the 22-acre East River site, which has been reshaping the Brooklyn waterfront since its 2005 rezoning.

The Domain Companies, LMXD and Park Tower Group on Thursday announced a plan for three new mixed-income residential rental towers at Greenpoint Landing, a 22-acre site situated along a half-mile of East River waterfront. The project will deliver more than 1,000 new apartments, including 300 affordable; 20,000-plus square feet of retail space along West, Freeman and Eagle streets; and a waterfront public park near the Greenpoint ferry stop.

The Domain Companies and LMXD have formed a joint venture with Greenpoint Landing master developer Park Tower Group to build more than 1,000 new apartments, 20,000 square feet of retail and a new public park as a continuation of the 22-acre site’s ongoing development. The three residential towers at 21 Freeman Street, 37 Freeman Street and 209 West Street are due to rise next summer and will include 300 affordable apartments.

Shoutout to Adam Joly of our affiliate company, commercial real estate brokerage Igloo, for his feature in Commercial Observer! We're proud to collaborate with Adam on projects like Jasper in Long Island City, where his work curating community-focused retail has made a real impact.

“This new financing package demonstrates the success of 420 Carroll, a state-of-the-art project that delivered hundreds of much-needed homes, new opportunities for retail and beautiful public outdoor space to Gowanus,” Matt Schwartz, co-CEO of The Domain Companies, said in a statement.

Matt Schwartz, co-CEO of Domain, said in a statement that the refinancing, arranged by JLL and Newmark, “represents a vote of confidence in the project, underscoring the demand we’ve seen during the lease-up of the building.” The building is more than 60 percent leased, according to the developers.