Tune in to hear our very own Hugh Breckenridge, Community Manager at The Shop Workspace in New Orleans, on Peter Ricchiuti’s radio show. Hugh shares his insights on how coworking is evolving in New Orleans and the important role The Shop plays in this growth. He also discusses the rise of coworking, building a thriving community, and offering big-business amenities to small businesses.

The Domain Companies has closed $218.6 million in financing for Estela, a two-building mixed-use development that has brought 544 mixed-income, homes and 10,000 s/f of ground-floor retail in the South Bronx. Freddie Mac’s Forward Commitment program provided long-term permanent financing through JLL Real Estate Capital. The Urban Investment Group at Goldman Sachs Alternatives led the Opportunity Zone equity financing for the project.

“We’re spinning [Good Company] off as a third-party business, to leverage that track record of what we’ve done at Domain and bring that to the broader market,” Aaron Amitin, co-founder of Domain and chief operating officer at Good Company, told CO.

“We identified an opportunity to not just do this for ourselves, but also to do it for third parties in a way that could be a new offering in the market that’s a little bit different than is done by a traditional brokerage firm,” Amitin said. “You have all the services under one roof.”

A new housing development, Estela, has introduced 544 apartments to the Mott Haven neighborhood. The building offers various amenities, including a gym, indoor basketball courts, retail shops, co-working spaces, and event areas.

“With Mott Haven changing so much, it’s really nice to have all of this within your living space,” said Shekinah Grayson, leasing manager for the building.

With 90% of the apartments already leased, the development is attracting residents looking for modern living spaces with access to on-site facilities.

The Domain Companies has completed a $218.6 million financing deal for Estela, a two-building development in Mott Haven. The development is designed to meet LEED Platinum standards and includes over 35,000 square feet of resident amenities along with a focus on community engagement and sustainable living.

The Domain Companies has secured $218.6 million in financing for Estela, a 544-unit multifamily development in the Mott Haven neighborhood of The Bronx, which includes 380 market-rate and 164 affordable apartments. The project offers over 35,000 square feet of amenities and 10,000 square feet of retail space, with 90% occupancy at the time of closing.

The Domain Companies has closed $218.6 million in financing for Estela, a two-building, mixed-income development in Mott Haven, The Bronx, which includes 544 market-rate and affordable housing units. With sustainable features, extensive amenities, and a retail space anchored by Mott Haven Marketplace, the project is already 90% leased.

“We’re proud to deliver a transformational project that addresses a wide range of needs for the community with its much-needed housing and retail options,” said Matt Schwartz, co-CEO of The Domain Companies. “We’re grateful to once again partner with Freddie Mac to invest in the future of Mott Haven. With access to the new Bronx Point Park, Yankee Stadium, the Bronx Terminal Market, the Bronx Children’s Museum, and proximity to a wide array of transportation, Estela has proven attractive for residents looking to live in Mott Haven for generations to come.”

Mott Haven's Estela development has secured $218.6 million in financing, with long-term permanent financing provided by Freddie Mac’s Forward Commitment program through JLL Real Estate Capital. The Opportunity Zone equity financing was led by the Urban Investment Group at Goldman Sachs Alternatives.

The studios, built as part of a Community Benefits Agreement signed ahead of the Gowanus rezoning, are set to open this spring at a new coworking space, The Shop, at 420 Carroll St. Anne Olsen, Director of Coworking at The Domain Companies — the developer behind 420 Carroll — said the company “couldn’t be more excited” to provide the studios.