Pccp Provides $66.9m Loan For Active Adult Development In Metro New York City
FAIR LAWN, N.J. — Finance and investment management firm PCCP has provided a $66.9 million loan for the development of a new active adult community located in Fair Lawn, roughly 25 miles northwest of New York City. Sterling Properties and Danbro Properties received the financing.
Dubbed Plaza Greene, the community will total 145 residences across four stories, with 127 market-rate apartments and 18 affordable units. The development will also feature 24,000 square feet of retail space, anchored by a 22,300-square-foot Sprouts Farmers Market. Completion of construction is scheduled for 2027.
Based in Chicago, Sterling Properties has developed more than $2 billion of real estate properties since its inception. The firm will oversee construction, marketing, leasing and property management for Plaza Greene.
Danbro Properties is based in New Jersey and specializes in land acquisition, entitlement and predevelopment activities.
The post PCCP Provides $66.9M Loan for Active Adult Development in Metro New York City appeared first on Seniors Housing Business.
Popular Products
-
Smart Bluetooth Aroma Diffuser$585.56$292.87 -
WiFi Smart Video Doorbell Camera with...$61.56$30.78 -
Wireless Waterproof Smart Doorbell wi...$20.99$13.78 -
Wireless Remote Button Pusher for Hom...$65.99$45.78 -
Digital Coffee Cup Warmer with Temp D...$88.99$61.78