The Jay Group is moving forward with plans for a 376,000-square-foot property in Downtown Brooklyn, indicating a significant investment in the area’s development.
The development will span multiple lots and include a 27-story, 90-unit complex that aims to utilize tax incentives available within the Special Downtown Brooklyn District.
Jay Group recently acquired several key sites for $62.5 million and has sought financing for further developments, indicating its aggressive expansion strategy.
With the project located adjacent to major developments like City Point, this initiative highlights the continuing growth and transformation of Brooklyn’s real estate market.
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