Domain, Vorea secure $140M construction loan for Gowanus apartments
![Domain Companies' Matt Schwartz, Vorea Group's Peter Papamichael and rendering of 540 DeGraw Street (Getty, Domain Companies, Vorea Group)](https://newdevrev.com/wp-content/uploads/2022/08/NY-Domain-Vorea-secure-140M-construction-loan-for-Gowanus-apartments-FEATUREIMG-660x440.jpg)
Gowanus has it going on. Domain Companies has closed on a $142 million construction loan for its 270-unit development in Gowanus, the firm announced Friday. The project at 540 DeGraw Street already secured the coveted 421-a tax abatement. Now Domain has the capital to get building. The $230 million project is a collaboration between Domain and Vorea Group, the development firms headed by cousins Chris and Peter Papamichael. Goldman Sachs’ Urban Investment Group, a $1
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