Flank buys Carlyle out of Brooklyn Hilton project

The Boerum is a handsome, 19-story condo/hotel development at 265 State Street at Smith Street in the Boerum Hill section of Brooklyn. It is expected to be completed in 2016 by the Carlyle Group and Flank and it was designed by Flank, whose other projects include 224 Mulberry Street, the Abington and 441 East 47 th Street, and Goldstein Hill & West.

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These condos have attracted young and old; families and singles – everybody who wants one elusive thing: To buy in Downtown Brooklyn. at 265 State St., a 315,000-square-foot project from Flank and.

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Flank pays $88M to buy Carlyle out of the Hilton Brooklyn https://www.therealdeal.com 2016-12-19 16:00:00

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NEW YORK and MCLEAN, Va. – Hilton Hotels & Resorts today celebrates its arrival in Brooklyn’s Boerum Hill with the landmark opening of Hilton Brooklyn New York.Presiding over the corner of Smith and Schermerhorn Streets, a tree-lined enclave of chic shops, trend-setting restaurants and a lively night scene, Hilton Brooklyn New York sets a new standard of hospitality in Brooklyn.

Construction is underway on the 19-story hotel and condo tower that Flank Development and the Carlyle Group are building on the corner of Smith and Schermerhorn streets in Downtown Brooklyn. and.

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A partnership between MRP Realty and Long Wharf real estate partners bought the 55,000-square-foot space, which sits at the base of a 109-unit condo being developed by Joe Chetrit.