Ashland Greene Property Management
Ashland Greene Property Management – Square footage of Brooklyn Public Library, BAM, and others traded for additional housing density on site
The upscale rental building developed by Two Trees at 300 Ashland Place has yet to break ground on the cultural spaces that the city negotiated to increase residential density on the site, but the developer and New York City Economic Development Corporation are working to sign a deal that will make way for a long-awaited branch of the Brooklyn Public Library, among other cultural spaces.
Ashland Greene Property Management
“CEDC is working diligently with the developer to finalize the acquisition and transfer of property details,” a representative from the city’s Economic Development Corporation told Brooklyn Paper. “We look forward to moving this project forward and delivering a vibrant cultural facility that aligns with the community’s vision.
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The delayed cultural amenities are the result of a rezoning agreement that allowed Two Trees to develop the site with increased residential density. In addition to the Brooklyn Public Library space, the 50,000 square feet of cultural and public space has also been earmarked for the Museum of Contemporary African Diasporan Arts, arts group 651 Arts and four new screens for BAM Rose Cinemas.
Two Trees purchased the former parking lot from EDC in 2013 for $16.5 million and began leasing the building’s 379 apartments in 2016. The retail component of the building, Brooklyn’s second Apple Store and a 365 from Whole Foods Market, debuted in late 2017 and early 2018, respectively. The delay for the Cultural Spaces is due to “ongoing negotiations and the need to finalize acquisition terms,” an EDC representative told the Brooklyn Paper, saying a deal should be reached that would allow the spaces to advance by the fall.
When a deal is reached, Two Trees will hand over the core and shell of the institutions to the city. “Everyone is on the same page about the urgency of finally opening this cultural establishment,” said a representative for Two Trees. DALLAS, Sept. 14, 2022 // — Ashland Greene Capital, a Dallas-based multi-family real estate investment firm, announced its first 506(c) fund as it continues to grow its portfolio. Ashland Greene is a vertically integrated real estate company that currently owns and operates $1 billion in assets in more than 5,100 units in the Dallas-Fort Worth metroplex. Previously, Ashland Greene’s investment arm raised funds through 506(b) offerings.
Ashland Greene Value-Add Fund V, an investment opportunity for accredited investors, consists of two off-market properties located in Garland and Forney, Texas. The Garland property, Esencia Apartment Homes, has 200 units, while the Forney location, The Preserve at Gateway, is an active adult living community with 120 units. The Preserve at Gateway will represent another first for Ashland Greene – the acquisition of a 55+ property for active adults.
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Ashland Greene is quickly establishing her name in the metro area by taking advantage of North Texas’ continued population boom and resulting housing need for the many people who continue to move to Texas. Forney ranked seventh in the top 10 hottest neighborhoods in the United States, according to 2021 relocation data from digital home-buying platform Opendoor. Kaufman County, where Forney sits, was named by US News & World Report as the fastest growing county in the nation between 2020 and 2021.
“With an economy that remains strong despite inflation, especially compared to the rest of the country, people are moving to Texas in search of jobs and a more affordable cost of living,” said Shakti C’Ganti, CEO of Ashland Greene. “At Ashland Greene, we are experts in the Dallas-Fort Worth market because we live and work where we invest.”
“These two properties represent an exciting opportunity for Ashland Greene investors,” he added. “We are purchasing The Preserve at Gateway, which is brand new construction with potential for future construction, prior to stabilization. Texas. With our years of experience in property management, we are confident in our team’s ability to rapidly increase occupancy there. In the meantime, we have a proven strategy for value-added properties, like Esencia, which offers returns to investors.
In early 2022, Ashland Greene purchased a property less than two miles from Esencia which reached its five-year pro forma in six months.
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The funding deadline for Fund V, with properties totaling 320 units, is October 5 and the fund is expected to close in mid-November. The company will host a webinar for interested investors on Wednesday, September 21 at 7 p.m. CDT. Registration details can be found at agvafv.com.
Ashland Greene receives an average annual return of approximately 25% on its exits, with the typical holding period being 2.8 years and an average depreciation of 95% on first year investments. In 2022, Ashland Greene expects to return approximately $90 million to investors.
Ashland Greene is a vertically integrated real estate firm that seeks to identify and reposition undervalued multifamily investments in the Dallas-Fort Worth Metroplex. Our local focus, dedication to building trusting, long-term relationships, and commitment to the community enable Ashland Greene to create a unique investment experience that delivers long-term value for its investors, residents, and residents. communities. For more information, visit ashlandgreenecapital.com/.
Past performance is not indicative of comparable future results. Market and economic conditions may change in the future, producing results materially different from those presented here. All investments carry inherent risks. Targeted returns are based on a five-year holding for Class A and Class B limited partner investments. Luxury Apartment in Fort Greene! 300 Ashland: The newest addition to Fort Greene, where all the conveniences and conveniences of a modern building sit alongside the vibrancy and culture of classic Brooklyn. These Studio, 1 bedroom and 2 bedroom residences have been carefully designed by world renowned architect, Enrique Norten. The dynamic 379-unit luxury building connects modern residences to the Fort Greene community. Centrally located on a unique triangular intersection in the heart of Brooklyn’s Cultural District, this iconic building houses luxury with panoramic views, high-end finishes and full-service residential amenities atop diverse cultural programming such as BAM cinemas and a branch in Brooklyn. Public library. With 11 subway lines just steps from your doorstep, 300 Ashland is truly unlike anything, IN THE MIDDLE OF IT ALL!
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Located just east of downtown Brooklyn, Fort Greene is famous for its historic brownstones, vibrant cultural offerings, and tight-knit community. Residents often come to Fort Greene looking for a slower pace of life without losing the multifaceted bustle of city life.
Fort Greene offers a wide range of shopping opportunities, from national retailers at the Atlantic Terminal Mall to local artisans at the many flea and farmer’s markets held in the neighborhood. Residents enjoy a wide array of diverse restaurants, stylish cafes, and independent shops in Fort Greene.
Many venues contribute to Fort Greene’s status as a cultural hub, including the Brooklyn Academy of Music, BRIC, and the Mark Morris Dance Group. Picturesque Fort Greene Park provides a lush respite from city life, while the ever-present sense of inclusiveness makes Fort Greene one of a kind.
Transportation options available in Brooklyn include Atlantic Avenue, located 0.2 miles from 300 Ashland Pl Unit 15Q. 300 Ashland Pl Unit 15Q is near La Guardia which is 10.0 miles or 17 minutes away and Newark Liberty International which is 14.8 miles or 33 minutes away.
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Do you prefer to move on two wheels? You will love living in this neighborhood considered a biker’s paradise.
300 Ashland Pl Unit 15Q has 2 shopping malls within 0.4 mile or approximately an 8 minute walk. Miles and minutes will be for the farthest property.
300 Ashland Pl Unit 15Q has 5 parks within a 1.7 mile radius including Fort Greene Park, Commodore Barry Park and Gowanus Canal.
300 Ashland Pl Unit 15Q is 8.5 km from the Governors Island Support Center and is close to other military bases including Military Ocean Terminal.
Ashland Place, Unit 19m, Brooklyn, Ny 11217
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