Charney Companies secured significant construction loan financing for its development of 95 Rockwell Pl. in Fort Greene, Brooklyn. Financed with $135 million in backing from BH3 Fund Advisors and Madison Realty Capital, the 45-story condominium will bring 182 new units to a neighborhood long dominated by single-family homes.
“Closing this significant construction loan is a pivotal moment, allowing us to bring our vision to deliver high-quality condominium housing to Fort Greene and contribute a thoughtful addition to the Brooklyn skyline,” said Charney COO Justin Pelsinger. “This endeavor is strengthened by our collaboration with Public Service, the design branch of the highly regarded Brooklyn institution Public Records. None of this would become reality without the crucial support and belief from our relationship partners, BH3 Fund Advisors and Madison Realty Capital, and we are deeply grateful.”
Demolition on 95 Rockwell began in May 2024 and project completion is anticipated for the fourth quarter of 2027.
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