Benjamin Suckewer, of counsel in Cozen O’Connor’s Real Estate practice, and Daniel Levin, associate in Cozen O’Connor’s Real Estate practice, recently closed an $80 million land and construction loan for Atlantic Realty Development Corp., a longtime client of Jerry Schrager, also of counsel to the firm, for a Brooklyn residential project located on the Gowanus Canal. The financing is for 363 Bond Street, a site that was acquired by Atlantic last July, with Cozen O'Connor as counsel, from the Lightstone Group, which was originally going to develop it as part of a two-phase development project. The Gowanus site is situated in one of New York's hippest neighborhoods. The 12-story property will have 270 rental apartments, underground parking and an outdoor pool.
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