Naftali Group Secures $525M for Waterfront Condo Expansion in Brooklyn

Naftali Group and Access Industries secure a $525M construction loan from JP Morgan and GoldenTree for 363 new luxury condos at Brooklyn’s Williamsburg Wharf.

By: AXL Media

Published: Mar 12, 2026, 7:02 AM EDT

Source: https://www.multihousingnews.com/

Phase Two: Scaling the Brooklyn Skyline

Following the successful debut of Phase One, the second phase will significantly increase the project's vertical footprint.

Tower Specs: Two new towers rising 415 feet and 460 feet, positioning them among the tallest condominium offerings in Brooklyn.

Unit Count: 363 luxury for-sale units.

Target Completion: Substantial completion is projected for 2028.

Loan Purpose: The capital will refinance existing acquisition debt, cover closing costs, and fully fund vertical construction.