Lightstone Closes $210 Million Refinancing For 365 Bond

Pioneer luxury residential development in Gowanus secures financing from Goldman Sachs Bank USA

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Nov 29, 2018, 08:25 ET

BROOKLYN, N.Y., Nov. 29, 2018 /PRNewswire/ -- National real estate developer and investor Lightstone today announced the close of $210 million in financing from Goldman Sachs for 365 Bond in Gowanus, Brooklyn. The 430-unit, 12 story building opened in 2016 to major success, completing its initial leasing ahead of schedule and at record rents.

A pioneer luxury residential rental development situated along the Gowanus Canal, 365 Bond features impressive skyline views of both Brooklyn and Manhattan and includes an expansive array of indoor and outdoor amenities.

"With its unparalleled amenities and superior design, 365 Bond redefined rental living in New York," said Lightstone President Mitchell Hochberg. "We are pleased to work with Goldman Sachs on this project and we look forward to the continued success of the building."

The property includes a comprehensive suite of indoor and outdoor services and amenities, including a waterfront esplanade park; private garden courtyard; landscaped rooftop terraces with sundecks, outdoor lounges, and barbecues; a world-class fitness center with yoga and spin studios; library and club room with fireplaces; resident lounge; multi-purpose room; gourmet chef's kitchen with private dining; game room; and a children's playroom.

Apartments feature custom Italian cabinetry, Bosch home appliances, quartz stone countertops, tiled bathrooms and white oak floors. Expansive industrial casement-style windows highlight views of the Manhattan skyline, the Gowanus Canal and suburban-like tree lined streets of Carroll Gardens. 365 Bond also offers a Premium Collection including townhomes with exclusive private access and penthouse residences with elevated ceiling heights and large private terraces.

365 Bond has become a celebrated development in the community, winning both the Award of Merit and People's Choice Award by the American Institute of Architects (AIA) in 2017.

ARC, 365 Bond's sister project, is a 428-apartment luxury residential development in Dutch Kills, Long Island City that opened in October 2017. Located at 30-02 39^th Avenue, the development houses one of the largest and most diverse lifestyle and amenity programs in New York City. One of the fastest-leasing new rental developments in New York over the last year, ARC far surpassed expectations by leasing up at record rents in only 10 months. ARC also received the People's Choice Award by the American Institute of Architects (AIA) this year.

More information is available at 365Bond.com.

About Lightstone

Lightstone, founded by David Lichtenstein, is one of the largest and most diversified privately held real estate companies in the United States. Lightstone is active in 28 states across the country, developing, managing and investing in all sectors of the real estate market, including residential, hospitality, commercial, and retail. With over 175 existing properties, Lightstone's $3 billion portfolio currently includes over 6 million square feet of office, retail and industrial commercial properties, over 15,000 residential units, and 4,000 hotel keys. Lightstone also owns over 12,000 land lots across the country.

Headquartered in New York City, Lightstone continues to grow its development portfolio with approximately $3 billion currently under development in the residential and hospitality sectors spread across New York City, Los Angeles, and Miami.

Contact:
Teddy Wilson Simmons
[email protected]
212.704.4564

SOURCE Lightstone