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Spitzer Lands $386M Refinance for 420 Kent Avenue

Eliot Spitzer‘s Spitzer Enterprises has scored a $386 million refinance for 420 Kent Avenue—its luxury waterfront multifamily development in Williamsburg, Brooklyn, Commercial Observer has learned.

Designed by Eran Chen’s ODA New York, the massive South Williamsburg rental complex sits on a 2.8-acre waterfront site between South 8th and South 9th Streets.

The 1.5-million-square-foot property comprises three luxury glass towers housing 857 residences, many of which have private outdoor spaces. The towers comprise mostly studios and one-bedrooms that aim to cater to a “younger demographic with a little more hair than me,” Spitzer told CO in a February 2018 interview.

“The potential of living right on the East River and the openness of the views that you get are insane,” Chen told CO in a November 2017 interview.

The development’s unique boxy design means that 80 percent of the apartments are corner units with three-sided sweeping views across the East River.

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https://commercialobserver.com/2019/...0-kent-avenue/