covering all of long island, new york city and upstate new york
N E W Y O R KnyTUESDAY, MAY 2, 2006
Tel: 781-878-4540 / Fa...
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Press center towers

Published on: Mar 4, 2016
Source: www.slideshare.net


Transcripts - Press center towers

  • 1. covering all of long island, new york city and upstate new york N E W Y O R KnyTUESDAY, MAY 2, 2006 Tel: 781-878-4540 / Fax: 781-871-1853 / 800-654-4993 / nerej@rejournal.com / www.rejournal.com REPRINTED FROM THE DEVELOPMENT TEAM IS PALINS OF PALM ENTERPRISES AND HERSCO OF UNITED HOMES Titan Capital funds $25m pre-construction land loan for 220,000 s/f tower project BROOKLYN,NYOnApril5th a groundbreaking ceremony tookplaceat306GoldStreet in Brooklyn. The property will be developed with a thirty-five story, 220,000 squarefoottower. Thistower will have 214 luxury resi- dentialunitsaswellasground level commercial usage and on site garage parking. The luxury residential units are expected to bring in a pre- mium price because of the views and convenience to downtown Manhattan. The developers have already broken ground on the identi- cal tower adjacent to the property this past January. The towers will be the larg- est of their kind in all of Brooklyn. The development team be- hind the groundbreaking is comprised of Mickey and Dean Palin of Palin Enter- Rendering, 306 Gold St., Brooklyn. Shown (from left) are: David Saferstein, Titan Capital; Ira Saferstein, Titan Capital; Dean Palin, Palin Enterprises; Ron Hershco, United Homes; and Brooklyn borough president Marty Markowitz. prises and Ron Hershco of United Homes. Along with numerous real estateprofessionals,theevent attracted prominent New Yorkers such as Brooklyn Borough President Marty Markowitz, Mayor Michael Bloomberg, and Guard- ian Angels founder Curtis Sliwa. This landmark project was madepossibleinpartduetoa $25 million acquisition loan from Titan Capital. The de- velopmentteamsoughtadeal from Titan Capital and Titan’s president Ira Saferstein because of the company’s long standing reputation for reliability and execution. TitanCapitalwas able to close this loan in just ten days.

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