NEW YORK, NY – March 7, 2019 – Holliday Fenoglio Fowler, L.P. (HFF) announces it has secured joint venture equity and construction financing for the development of https://168plymouth.com/, a 46-unit boutique condominium conversion located on the southwest corner of Plymouth and Jay Streets in DUMBO, Brooklyn.

HFF worked on behalf of the developer, Alloy Development, to arrange a joint venture with The Davis Companies.  Working on behalf of the new partnership, HFF also secured construction financing from Bank OZK.

168 Plymouth will be situated in the heart of DUMBO and down the block from its 85-acre waterfront park.  168 Plymouth will include lofts, townhouses and penthouses.  Residences will feature modern industrial design, which will both honor the history of the neighborhood and the building itself.  The project connects two of Dumbo’s last remaining classic industrial loft buildings to be developed into a single address.  The distinct styles of the two original buildings, one brick-and-timber and the other concrete with daylight factory windows, will be preserved in the design of the residences.

168 Plymouth marks Alloy’s 5th project in Dumbo.  The firm’s other award-winning projects in the neighborhood include 192 Water Street, 185 Plymouth Street, Dumbo Townhouses and One John Street.

The HFF debt and equity placement team included managing directors Christopher Peck, David Giancola and Jeff Julien, senior director Peter Rotchford and analyst Kristen Knapp.

“The thoughtful aesthetic and community focus that Alloy brings to development has helped transform DUMBO into the neighborhood it is today,” Peck said.  “It was a privilege to work with them to help identify the optimal capitalization as they add to their legacy of transformative projects in the area.”