Alloy lands $240M construction loan for Boerum Hill towers

After years of struggles to get the project off the ground, a new $240 million loan may finally prompt the start of construction of Alloy Development’s mixed-use “Alloy Block” complex in Boerum Hill. The Brooklyn-based developer closed on the construction financing package from Goldman Sachs, the Related Cos. and Ares Management, according to Crain’s, which reported that work can begin on the first phase of the project — previously known as 80 Flatbush — in