Landau Properties Secures Site, Financing for Brooklyn Heights Mixed-Use
Landau Properties, in partnership with the Mizrachi family’s Third Millennium Group and Midtown Equities, has closed on the purchase of 205 Montague St. in Brooklyn Heights. As part of its pre-development financing for the ground-up mixed-use project, the partnership secured a $113-million senior loan from Northwind Group and $100 million in equity, including $25 million in preferred equity from Atlas Capital Group. The transaction marks the first phase of a $500-million development.
With the land acquisition complete and financing in place, Landau and Mizrachi are poised to launch development of 46 luxury condominium residences, 90 rental apartments and 40,000 square feet of retail space. Demolition and construction are expected to begin in early 2026.
“This financing milestone marks a major step forward for our team and underscores our long-term commitment to delivering design-driven, landmark properties in the country’s most competitive markets,” said Jonathan Landau, founder and CEO of Landau Properties.
The financing was facilitated by Raffi Landau of Estreich & Co., representing Landau Properties, and Aaron Jungreis of Rosewood Realty Group, acting on behalf of Atlas Capital Group.
Photo courtesy of Midtown Equities.
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout