
Multi-Housing News · April 2026
Shorewood JV Lines Up $130M for Bronx Project
JLL Capital Markets has arranged $130 million in construction financing for The 360, a 13-story mixed-use development at 350 Grand Concourse in Mott Haven. The loan, secured through PCCP on behalf of a Shorewood Real Estate Group and Bogopa Enterprises partnership, will fund the construction of 304 residential units (228 market-rate, 76 affordable) and 47,892 SF of ground-floor retail pre-leased to Food Bazaar.
Our team brokered the original $28.5M sale of the 31,100 SF development site to Shorewood in December 2024. Construction is slated for 2028 completion.
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