Domain Companies has closed on a $176M construction loan for a 360-unit multifamily development that will feature two apartment towers at 420 Carroll Street on the Gowanus Canal waterfront in Brooklyn.

Domain Companies has closed on a $176 million construction loan to complete a 360-unit two-tower development at 420 Carroll Street in Gowanus, Brooklyn. Designed by FXCollaborative, the waterfront property will comprise a 20-story tower, a 15-story tower, and a publicly accessible connection to the Gowanus Canal promenade.

Domain Cos. has landed $176 million in construction financing to build its 360-unit community in Brooklyn’s recently-rezoned Gowanus neighborhood.

The live-work-play building with an iconic flamingo graphic was designed by Eskew Dumez Ripple for Salt Lake City’s burgeoning creative class.

“Salt Lake City is becoming increasingly more challenged. Demand is increasing, and supply is not keeping pace, says Matt Schwartz, CEO of Domain Companies. “It’s becoming difficult to create housing in Salt Lake given where costs are going, both construction and operational. Interest rates are also rising, and capital is becoming more scarce—that supply and demand imbalance is growing and impacting affordability levels,” says Schwartz.

Domain Companies has secured construction financing to bring more than 300 apartments to Gowanus amid a wave of new development in the rezoned Brooklyn neighborhood.

Façade work is progressing on Estela, a two-building residential complex at 414 and 445 Gerard Avenue in the South Bronx neighborhood of Mott Haven.

The Exchange Salt Lake City is a 2022 MFE award finalist in the Mixed-Income category. The 2022 Multifamily Executive Awards showcases the multifamily industry’s leaders, innovative projects, and inspiring programs.

New York City sprang back to life in the spring of 2021, and its busiest builders were no exception.

Seventy-one New Orleans area employers were honored as the region’s top workplaces.