January 27, 2020
Co-living provider Quarters announced two new Brooklyn locations, in North Williamsburg and in Fort Greene. In total, the properties will bring more than 200 Quarters beds to the borough and increase the company’s New York City presence to five locations.
The owner and developer of the North Williamsburg site is David Dweck from Duke Equities. Ralph Hanan of Compass, formerly of TGG Urban, represented Duke Equities, and Isaac Mograby of Crown Retail Services advised Quarters.
The owner and developer of the Fort Greene location is Cedar Holdings, a New Jersey-based real estate and healthcare investment firm. Both the North Williamsburg and Fort Greene sites are expected to deliver early this year.
Quarters previously announced a new location in Bedford-Stuyvesant, Brooklyn, set to come on line in the fourth quarter. With the new Brooklyn locations, the U.S. portfolio now includes eight sites across New York City, Chicago, Washington, D.C., and Philadelphia.
Pictured: The Quarters facility in Fort Greene.
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