17 July 2017
New York
Reporter: Theo Andrew

Madison finances former brewery project in Brooklyn


Madison Realty Capital has agreed to provide financing to develop the former Rheingold brewery in Bushwick, Brooklyn, to the tune of $270 million.

The project consists of two buildings spanning 92,940 square metres, and is made up of 911 apartments, 1,918 square metres of retail space and 533 parking spaces.

The properties are located on 123 Melrose Street and 54 Noll Street, both of which are already under development.

Madison originally provided the bridging loan to purchase the plot of land before financing the entire project.

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