![]() The 50th and 5th project will be an exciting enhancement for the Hunters Point neighborhood” said David Coelho, Chief Investment Officer of the Opportunity Zone Strategy at Bridge Investment Group. ![]() “Bridge is pleased to be partnering with highly regarded firms Domain Companies, L+M Development Partners and Vorea to bring this incredible project at 50th and 5th to fruition. An affiliate of L&M will serve as the general contractor. In September, the partners closed on a JV equity investment with the Opportunity Zone Strategy of Bridge Investment Group. The 1.75 acre property is one of the best remaining development sites in Long Island City, occupying the full block front along 5 th Street in between 50th Avenue and 49 th Avenue, just half a block from Gantry State Park. New York, NY -The Domain Companies, L+M Development Partners and The Vorea Group announced today that they have closed on a $220 million construction loan with Wells Fargo to develop a $370 million mixed-use multi-family development. ![]() ![]() The Domain Companies, L+M Development Partners, and The Vorea Group, together with Bridge Investment Group, have closed on financing and commenced construction of 50 th and 5 th, a $370 million mixed use development in Hunter’s Point, Long Island City ![]()
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