RESIDENTIAL
With PLG, the Moinian Group Makes a Grand Entrance Into the Brooklyn Market
Commercial Observer | Sept 16, 2019
RESIDENTIAL
With PLG, the Moinian Group Makes a Grand Entrance Into the Brooklyn Market
Commercial Observer | Sept 16, 2019
The recent opening of PLG, the luxury apartment building at 123 Linden Boulevard in Prospect Lefferts Gardens, marks a significant milestone for Moinian Capital Partners and its parent company, The Moinian Group.
The Moinian Group is one of the largest privately held real estate groups in the U.S., with a portfolio of over 20 million square feet. PLG marks the company’s first project in Brooklyn, as well as the first development project they’re also executed from the lending side. Leasing at PLG begins this month and move-ins are anticipated to begin later in the fall.
“The Moinian Group was looking at opportunities for expansion in Brooklyn, and this opportunity was presented to us by Bushburg Properties,” said Michael Zarifpoor, vice president of Moinian Capital Partners, which has placed almost $800 million into the market since its 2017 inception. Bushburg Properties is Moinian’s co-developer on the PLG project."