Goldman Sachs Bank finances mixed-use development in Brooklyn, New York
Clients Goldman Sachs Bank USA
Jones Day represented Goldman Sachs Bank USA in connection with the financing of a complex mixed-use development in Brooklyn that will consist of an approx. 700,000-square-foot retail podium with two residential towers atop the podium. The initial phase constituted the construction financing for the retail podium, consisting of a combination of conventional construction financing, New Market Tax Credit financing, and EB-5 loan totaling approximately $270 million.