Parkway Lofts Redevelopment Construction Financing Deal Inked

As reported by Multi-Housing News.com, CBRE secured construction $47.5 million in financing from US Bank to proceed with The Parkway Lofts at Watsessing Station, a 361-unit to-be-built redevelopment project located in Bloomfield, N.J.  The construction will utilize an existing warehouse and the adaptive reuse will maintain existing signature design elements like the 15 foot high quilt-paneled windows.  This structure is adjacent to and visible from the Garden State Parkway.   The second phase of the project calls for 150 town homes to be built.

Photo courtesy of www.multihousingnews.com.