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.

Mott Haven Spirits, a new wine store, officially opened its doors on Dec. 20, occupying the ground floor of Estela, a two-building rental development from the Domain Companies in Mott Haven. The shop aims to offer more than just a place to purchase wine and spirits—it’s focused on building connections and creating memorable experiences for its customers.

The Domain Companies in partnership with LMXD, the VOREA Group and Bridge Investment Group, has launched a housing lottery for 150 units in a mixed-use building located at 2-33 50th Ave. in Long Island City.

Known as Jasper Hunter’s Point Apartments, the development has a total of 499 units, 349 of which are market rate apartments. The other 150 units have been set aside for those earning 130% of the area median income.