VERTEX served as the lender’s representative for the construction project on 16 Dupont Street in Brooklyn, New York.
16 Dupont Street is part of the master planned Greenpoint Landing Development and includes a luxury mixed-use residential tower located across from the Newton Barge Park. The project included access to a network of open waterfront spaces. 16 Dupont Street is a 381-unit, 326,000 SF, 40-story tower, including 115 affordable housing units and offers a mix of units from studio to three-bedrooms. The tower has ground-floor retail space as well as enclosed parking. The façade is composed of floor-to-ceiling glass and metal paneling to allow permanently unobstructed views of the Manhattan and Brooklyn skylines for units facing to the north and west.
VERTEX performed our standard lender’s representative services including pay application review, hard and soft cost review, and monthly site observations. VERTEX provided prompt pay application review and recommended funding by participating in monthly onsite pencil requisition meetings and site observations which mitigated risks and led to a more efficient funding process throughout the life-cycle of the project.
To learn more about VERTEX’s Construction Contracting & Consulting services or to speak with a Construction Expert, call 888.298.5162 or submit an inquiry.
This project was originally awarded to Fulcrum which is now part of The Vertex Companies, LLC.
