Monadnock Development scored a large sum of money to develop a 300-unit multifamily project in Gowanus. Nick Lembo’s firm landed $175 million in construction financing for a development at 155 Third Street in the Brooklyn neighborhood, the Commercial Observer reported. PCCP and U.S. Bank provided the debt for the project, which will unfurl along the Gowanus Canal. A JLL Capital Markets team including Christopher Peck, Winfield Clifford and Kellogg Gaines arranged the debt. The 22-story project is sited to the west of the canal’s northern end. It will include 225 market-rate apartments and 75 affordable units; the development was approved […]

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