David Kramer’s Hudson Companies has received a $63 million loan for a Brooklyn residential project. The Real Deal reported that the funds were obtained from Wells Fargo.
The company has two other current major residential projects under development in New York.
Located at 350 Clarkson Street in Brooklyn’s Lefferts Garden neighborhood, the residential project from Hudson Companies will offer 248 rental unites over 225,000-square feet and is expected to open next year.
David Kramer’s Hudson Companies states that 350 Clarkson will be the second phase of a two-phase development which will ultimately bring over 400 apartments to the edge of the burgeoning Prospect Lefferts Garden neighborhood. The eight-story building will contain 248 units, ranging in size from studios to three bedrooms, and will feature tenant amenities including an expansive roof terrace with barbecues, a top-floor tenant lounge, a gym with separate yoga room, a children’s room with a private outdoor play area, a screening room, a quiet lounge, a game room, a laundry room equipped for extra-large loads, private tenant storage, bike storage, parking, a package room with cold storage, and a concierge.
For the project Hudson Companies hired the architect CetraRuddy which is designing modern apartments with “sophisticated finishes,” all of which will feature over-sized windows, in-unit washer/dryers, central heating and cooling systems with in-unit controls, hardwood floors, and stainless steel appliances. Select apartments will also have private outdoor space.
“In deference to the neighborhood’s industrial past,” says Hudson Companies, “CetraRuddy is designing a unique façade featuring a rhythm of recessed masonry expressions. The façade will be broken up with an expanse of copper panels towering over the residential lobby entrance and extending into dormers at the roof set-back.” The ground floor glass storefront will provide visibility to the active retail spaces within, and a set of slightly slanted columns will create a dynamic visual experience for pedestrians.
The design of 350 Clarkson also takes into account that of 310 Clarkson right next door, which is another Hudson Companies project. The buildings are distinct from one another, it says, yet are complementary with the existing surroundings.
In other Hudson Companies news, David Kramer’s firm is also working on another Brooklyn project located at Gowanus Green, by Smith and Fifth Streets. Gowanus Green is a mixed use project on a six-acre brownfield with a new mixed use residential community reconnecting the existing neighborhood to the Gowanus Canal with a public open space. The project will provide 774 units of rental and for-sale housing and 65,000 square feet of community and retail space.
Hudson Companies states that 70 percent of the units will be affordable to households with incomes between 30 percent and 130 percent of area median income. More than 100 apartments will be affordable rentals for seniors.
Is that not enough news about what David Kramer’s Hudson Properties is doing these days. Well the real estate firm is also building the new CornellTECH residential building for the university’s new campus located on New York City’s Roosevelt Island. The island sits on the East River between Manhattan and Queens.
CornellTECH Residential is the first residential building located on Cornell’s master planned Technion Campus on Roosevelt Island, developed by a joint venture partnership between The Hudson Companies, The Related Companies, and Cornell University. When complete, the 26-story residential tower, on the northern edge of the Campus, will include approximately 356 rental apartments for students, staff, and faculty; with a mix of micro units, one-bedroom, two-bedroom, and three-bedroom suites. The project will include public areas, rooms, and nooks for students and faculty to congregate and collaborate. Amenities in the building will include a gym, bike room, lounge, and roof deck, as well as multi-purpose, collaboration, and media rooms for residents. The building will be managed by Related Management.