Project Renewal
People:
Project Renewal NYC portfolio
$479.4 million -N9 27%, V1 26%, specialty 22%; Manhattan 57%, Brooklyn 24%, Bronx 18%*
455th largest portfolio by dollar value
309,084 sqft – N9 48%, elevator 15%, specialty 13%; Manhattan 75%, Brooklyn 13%, Bronx 11%
1162th largest by SF
10 properties – Manhattan 70%, Bronx 20%, Brooklyn 10%
998th largest
301 residential units – Bronx 55%, Manhattan 44%
840th largest by residential units
Company Activity past 24 months:
Borrower company: 1 for $11.8 million
Top Ten Associated Companies:
City of New York (2), NYS Dormitory Authority (2), Wells Fargo (1), NYC Housing Development Corporation (1), New Providence (Shelter) Deal ID No. 50008926 (1), NYS Housing Finance Agency (1), NYS Homeless Housing and Assistance Corporation (1), UMB Bank (1), Prudential Financial (1), Community Preservation Corporation (1)
Top Ten Associated People:
J. Brent Allen (1), Julie M. Behrens (1), Jill Fullmer (1)
Recent activity as company:
• Project Renewal borrowed $11.8 million from Community Preservation Corporation for 351 West 42 Street on June 28, 2024.
• Monadnock Development and Project Renewal borrowed $102.9 million from NYC Housing Development Corporation and New Providence (Shelter) Deal ID No. 50008926 for 225 East 45 Street on December 21, 2023.
• Project Renewal borrowed $6.8 million from NYS Dormitory Authority for 450 West 48 Street on August 17, 2023.
• GFP Real Estate sold 200 Varick Street, Hudson Square, Manhattan for $12.5 million to Project Renewal on May 01, 2023.
• Project Renewal borrowed $87.5 million from UMB Bank and Prudential Financial for 288 Jackson Street, East Williamsburg, Brooklyn on December 16, 2022.
• Project Renewal borrowed $61.9 million from NYS Housing Finance Agency, City of New York and NYS Homeless Housing and Assistance Corporation for 2880 Jerome Avenue on October 19, 2022.
• Project Renewal borrowed $5.1 million from NYS Dormitory Authority for 942 Tinton Avenue on May 05, 2022.
• Project Renewal borrowed $75 million from Wells Fargo for 541 West 59 Street on February 17, 2022.
• Manhattan Community Access sold 541 West 59 Street for $19.3 million to Project Renewal on February 17, 2022.
• Project Renewal for Paul Woody filed plans for new building for 51,328 sqft in Lincoln Square, Manhattan, on July 07, 2021.
Latest Stories:
• Monadnock, Project Renewal sign $102.9M construction loan in Grand Central (January 29, 2024)
• Project Renewal pays $12.5M to GFP for office condo in Hudson Square (May 10, 2023)
• Nonprofit files plans for 21-story shelter in Grand Central (April 05, 2023)
Properties: