CIM Group Completes Construction of 111 Montgomery Residences in Brooklyn

Owners Begin to Move in to First Newly Built Full-Service Condominium in Crown Heights

BROOKLYN, N.Y.--(BUSINESS WIRE)--CIM Group announced today the completion of construction of 111 Montgomery, the first newly built, full-service luxury condominium in Brooklyn’s Crown Heights neighborhood. 111 Montgomery has officially commenced unit closings and has been welcoming the first residents to the 12-story, 163-unit building, which offers an array of floor plans ranging from studios to three-bedroom homes. CIM co-developed 111 Montgomery with LIVWRK.

111 Montgomery is located in a culturally rich neighborhood, adjacent to the 52-acre Brooklyn Botanic Garden and Prospect Park, also known for its scenic gardens, as well as the nearby Brooklyn Museum. The building draws inspiration from these natural environments and provides an indoor/outdoor living experience with many units having private balconies or terraces as well as a rooftop featuring a fully landscaped terrace with grills, tables, benches, and open-air lounges with views of the Manhattan skyline.

Oversized windows add a modern context and provide abundant light, with many homes having views of Prospect Park and Brooklyn Botanic Garden. The exterior brick façade complements the surrounding historical neighborhood. The building’s offerings also include an attended lobby with a doorman, on-site parking, resident lounge, state-of-the-art fitness center, children’s playroom, and ample bike storage.

“With 111 Montgomery, CIM Group applied its expertise of owning, operating, and developing projects to enhance the evolving Crown Heights neighborhood as well as provide attractive residential ownership options for New Yorkers,” said Jason Schreiber, Principal, Investments of CIM Group.

For over a decade, CIM has been an owner, operator, developer, and lender of real assets in New York City with properties including 432 Park Avenue condominiums, 11 Madison office building, 15 William condominiums, 1440 Broadway office building, 16 Court office building, The Dominick Hotel, and the Front & York residential and retail development in DUMBO.

For more information regarding 111 Montgomery, please visit 111montgomery.nyc.

ABOUT CIM GROUP

CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. Since 1994, CIM has sought to create value in projects and positively impact the lives of people in communities across the Americas by delivering more than $60 billion of essential real estate and infrastructure projects. CIM’s diverse team of experts applies its broad knowledge and disciplined approach through hands-on management of real assets from due diligence to operations through disposition. CIM strives to make a meaningful difference in the world by executing key environmental, social and governance (ESG) initiatives and enhancing each community in which it invests. For more information, visit www.cimgroup.com.