Overview
- Affinius Capital originated a $200 million construction loan for 200 Douglass, with financing arranged by JLL brokers Scott Aiese and Lauren Kaufman.
- Midwood plans a 21-story, 276-unit Class A rental with 20,000 square feet of ground-floor retail, targeting completion in fall 2027.
- The residences will range from studios to three-bedrooms and include extensive amenities such as a 75-foot outdoor lap pool, rooftop terraces, fitness and yoga studios, coworking space, a half-court basketball court, a children’s playroom, a dog washing station and a multi-sport simulator.
- The canal-front site at Douglass and Bond streets will feature a 10,000-square-foot publicly accessible landscaped esplanade.
- The financing joins a broader Gowanus development surge driven by a 2021 rezoning, ongoing EPA canal cleanup efforts and state actions addressing 421-a that have advanced multiple large multifamily projects.