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According to a release, Hartford, Connecticut-based Hartford Investment Management Co. provided the loan.
Albion Residential paid $15.5 million for the 1.3-acre property, which has a 645 Division St. address and is notable for its elevation just east of Eighth Avenue. A late-2022 finish is eyed. (See more images
The building will include studios, one-, two- and three- bedroom residences. It will feature an exterior plaza and rooftop pool as well as a “comedy club” that will double as a karaoke venue. Other amenities will include a coffee shop, an indoor dog run and spa, a poolside tiki bar, an indoor/outdoor fitness facility, golf putting greens and a golf simulation room, and 10,000 square dedicated sharable workspace.