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[UPDATE] Here’s Your First Look at a $13 Million Willoughby Avenue Development Proposal

Commercial mortgage brokerage Eastern Union Funding announced yesterday that it has arranged a $13

[UPDATE] Here’s Your First Look at a $13 Million Willoughby Avenue Development Proposal

By Emilie Ruscoe

Feb. 4, 2016 · 1 min read

News

[UPDATE] Here’s Your First Look at a $13 Million Willoughby Avenue Development Proposal

Commercial mortgage brokerage Eastern Union Funding announced yesterday that it has arranged a $13

[UPDATE] Here’s Your First Look at a $13 Million Willoughby Avenue Development Proposal
· 1 min read
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Commercial mortgage brokerage Eastern Union Funding announced yesterday that it has arranged a $13.2 million construction loan to finance the development of a five-story, 63-unit elevator apartment building on the block of Willoughby Avenue between Charles Place and Evergreen Avenue.

The proposed building is planned over six lots of land, which is currently vacant and is adjacent to a former union hall and hospital at 949 Willoughby Avenue. Popular cafe Little Skips is nearby as well.

Perhaps it goes without saying, but some long time Bushwick residents are not happy about the news. “It’s just the same old story of what’s been happening to this neighborhood…

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Filed underBushwick / Development / Displacement / Gentrification / Housing / real estate / Willoughby Avenue

Emilie Ruscoe.

Written by Emilie Ruscoe View all posts

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