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Waveland Community Development Allocates New Market Tax Credits to 1000 Dean



Waveland Community Development is pleased to announce we have allocated $11 million in New Market Tax Credits to 1000 Dean.   This 140,000 square foot property located in Brooklyn, New York will be purchased, renovated, and leased.  This project has strong potential to generate jobs and economic activity, as the renovation of 1000 Dean will help bring  Brooklyn's industrial past back to life. The vision is to create creative office space that will appeal to start-up companies, designers and artists from the immediate and surrounding neighborhoods. The renovation will also include the addition of a 9,000 square foot food and beer hall that will feature a number of popular food vendors.  

 

Goldman Sachs Urban Investments Group and United Fund Advisors also participated in this transaction.   



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