Related Companies signs $430.8M construction loan for development in Willets Point
Related Companies through the entity Willets Point Phase I Housing Development Fund as borrower signed a new construction loan with lender NYC Housing Development Corporation valued at $430.8 million for three parcel development site at 126-20 Willets Point Boulevard in Willets Point, Queens. On these lots, there are two active new building construction projects and major alteration projects with initial costs more than $5 million,…
