JLL arranges $114 million capitalization for next phase of Greenpoint Landing

NEW YORK, Aug. 18, 2025 –JLL Capital Markets announced today it has arranged $114 million in capitalization for the next phase of Greenpoint Landing, the 22-acre mixed-use development rising along a half-mile of the East River waterfront in Brooklyn’s Greenpoint neighborhood.

JLL represented the borrower, a joint venture of developer The Domain Companies and LMXD, an affiliate of L+M Companies, along with master developer Park Tower Group, which will deliver three new mixed-income residential towers with more than 1,000 residential units on the site known as Block C at 213 West St. in Greenpoint.

The transaction included an $81 million senior land loan from Bank OZK and $33 million in mezzanine financing from InterVest, an alternative asset manager based in New York City. InterVest also provided the joint venture a structured equity solution for both the acquisition and pre-development costs.

“Having developed 1133 Manhattan Ave., the first large-scale mixed-use project in Northern Greenpoint in 2014, Domain has been active in the neighborhood for more than a decade and seen how both the community and its needs have transformed over time,” said Matt Schwartz, Co-CEO of The Domain Companies. “At Greenpoint Landing, we will not only create high-quality mixed-income housing in one of NYC’s most dynamic neighborhoods but will also deliver the community amenities the area needs with expansive opportunities for retail and a new extension of the waterfront public park.”

"We are excited to partner once again with Domain and Park Tower to transform this incredible waterfront site," said David Dishy, Chief Executive Officer of LMXD. "Having built the first affordable buildings of Greenpoint Landing with Park Tower Group more than a decade ago, it is especially rewarding to see how inviting and vibrant this whole waterfront community has become and to see it emerge as one of the city's most sought-after neighborhoods."

The development of Block C will include 1,000 new apartments, including 300 affordable units, more than 20,000 square feet of retail space along West, Freeman and Eagle St. and a waterfront public park near the Greenpoint ferry stop. The project will complement the ongoing development at Greenpoint Landing, which has seen an influx of retail and community infrastructure to support residential growth.

In addition to the restaurants, cafes, grocers and other businesses that have opened, several significant additions to the neighborhood were recently announced, including a new elementary school and a state-of-the-art facility for the New York Liberty basketball team.

A JLL Capital Markets team led by Christopher Peck, Nicco Lupo, Rob Hinckley, Scott Aiese and Jonathan Faxon arranged the financing.

Said Peck, “We’re proud to have played a role in securing financing for the next phase of one of New York City’s most transformative waterfront developments. This project represents not only a major investment in Brooklyn’s future, but a continued commitment to creating vibrant, sustainable communities. It’s a privilege to support a visionary team delivering high-quality housing at scale in one of the city's most dynamic neighborhoods.”

Rising along a half mile stretch of the East River, Greenpoint Landing represents one of the most significant redevelopment efforts on the Brooklyn waterfront in recent history. With Park Tower Group as master developer, Greenpoint Landing will ultimately comprise over 5,500 residential apartments, of which approximately 1,400 will be designated as affordable housing and knit together formerly industrial land with the surrounding community, creating a vibrant new urban enclave that balances residential living with green space, transit access, and waterfront recreation. Development is expected to be fully completed by 2030.

Several major developments have already been completed at Greenpoint Landing including Eagle + West, One Blue Slip, 35 Commercial St. and The Dupont.

JLL is a leader in the New York tri-state commercial real estate market, with more than 4,800 of the most recognized industry experts offering brokerage, capital markets, property/facilities management, consulting, and project and development services.

For more news, videos and research resources visit JLL’s newsroom.

The Domain Companies is one of the nation’s leading real estate development and investment companies specializing in sustainable, mixed-use development. Since its founding in 2004, Domain has been involved in over $2.5 billion of impactful, mixed-use real estate across a diverse range of product types and markets https://thedomaincos.com/ 

LMXD is the mixed-income and market-focused member of the L+M family of companies, one of the nation’s leading builders and developers of affordable housing. Building upon a 40-year track record on civically impactful projects such as Essex Crossing in New York and Banner Lane in Washington, D.C., LMXD’s mission is to create transformative mixed-income and mixed-use projects with a particular focus on culture, community, and sustainability in the Northeast and across the country. Visit https://lmxd.com/ to learn more.

InterVest capital partners is an alternative manager dedicated to specialty finance with over two decades’ experience and track record in structured finance, private credit and real estate. To date, InterVest raised $24.7 billion of investor capital. We have deep expertise in navigating complex structures across the capital stack and a broad range of sectors and asset types within the U.S. commercial and residential real estate markets – from stabilized properties to ground-up construction projects. For further information, visit https://intervest.com.
 

InterVest Media Contact
Sarah Berman
Berman Group
212.450.7300
SBERMAN@BERMANGRP.COM 

Bank OZK (Nasdaq: OZK), through its Real Estate Specialties Group (RESG), provides financing on commercial real estate projects throughout the nation. RESG is considered a preeminent, market-leading construction lender focused on senior secured financing for a variety of property types including mixed-use, multifamily housing, condominiums, office, hospitality, life sciences, industrial and retail. For the five years ended June 30, 2025, RESG originated approximately $40.27 billion in new loans. For more information, visit https://ozk.com/.