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BQE-Hugging Williamsburg Rental Accelerates With $47M Loan

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Will bring 133 apartments to 125 Borinquen Place

Plans for a seven-story building bringing 133 apartments to Williamsburg are now moving forward with the developer having acquired a $47.4 million construction loan for the project, The Real Deal reports.

Located at 125 Borinquen Place, plans for the DJLU-designed building were filed back in 2013. A partial job permit was issued for the Joel Schwartz-developed building earlier this year.

Amenities revealed so far include a landscaped interior courtyard with a fountain, 68 parking spots, and retail on the ground floor. No word yet on when the project will be ready to welcome its first residents.