Construction is moving along at 280 Cadman Plaza West, officially known as 'One Clinton' in Brooklyn Heights, New York. One Clinton, a 38-story tower has formally...
JANUARY 10, 2019 Located across from Cadman Plaza Park, One Clinton has officially launched sales of its 133 residences. Developed by The Hudson Companies Inc., the Marvel Architects-designed tower is...
[caption id="attachment_26827" align="aligncenter" width="777"] One Clinton Street, design and render by Marvel Architects[/caption] Located at the confluence of Clinton Street and Cadman Plaza West and standing...
280 Cadman Plaza West Marketing Apartments as ‘One Clinton' It’s exactly one year since construction began at 280 Cadman Plaza West, the redevelopment of the site...
As One Clinton (280 Cadman Plaza West) takes shape in Brooklyn Heights, developer Hudson Companies has filed an offering plan with the New York attorney...
By Chava Gourarie and Eddie Small | May 01, 2018 Brooklyn condo sellouts hit 10-year high Brooklyn condo sellouts have hit their highest value in more than...
Developers filed plans for projects worth about $1.2B in first quarter of 2018 [caption id="attachment_25806" align="aligncenter" width="650"] Clockwise from top left: One Clinton Condominium, 2 River...
By: Will Parker | January 17, 2018
David Kramer and a rendering of 1 Clinton Street (Credit: Marvel Architects)[/caption]
Hudson Companies plans to bring 134 condominium units to market at its 1 Clinton Street development with a total target offering price of $477.7 million, an offering plan filed with the New York state Attorney General’s office shows.
The company demolished the Brooklyn Heights Library at the site last spring and is building a 36-story tower in its place that will include a new library at the base. City Council allowed Hudson to buy the library building for $52 million in 2015. The project will also include 114 units of off-site affordable housing.
The range of condo prices at 1 Clinton was not immediately clear, but they will average out to $3.6 million a piece. Only 4 percent of Brooklyn’s new development condo inventory costs more than $3 million, according to recent Brooklyn data from Miller Samuel.
Hudson’s David Kramer declined to comment.
Community groups initially protested the city’s sale of the land to Hudson and unions decried Kramer’s refusal to agree to only use union labor. “I didn’t feel it,” Kramer said, when asked about the opposition to the project by the Commercial Observer in 2015.
In 2016, Hudson was looking to raise $110 million for the building through the EB-5 program. Last year, it closed on a $280 million construction loan from Starwood Property Trust and Related Fund Management.
Earlier this month, Hudson secured $335 million in loans for its La Central megaproject in the Bronx.
This site will eventually sprout a 36-story condo building with a three-story library at the base BY TANAY WARERKAR JUN 19, 2017, 10:30AM EDT In March, the city’s...
Hudson Companies, the developer behind a project to build a library and condominium tower, has secured a $280 million construction loan June 18, 2017 2:32 p.m. ET By...
