Developers secure $43 million loan for 38-townhouse project in The Hamptons

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JS Squared plans to build 38 townhomes in The Hamptons, Long Island after securing a $43 million construction loan.

McDonough & Conroy Architects designed the project at 66 Nowedonah Ave., New York YIMBY reported on May 31. The community of 2,500 to 2,800-sq. ft. townhomes is expected to open next spring.

There will also be a recreation center with a heated outdoor pool, a media room, a fitness center, a spa, and a lounge with a fireplace.

World Wide Group president James Stanton and Jeffrey Suchman, president of Suchman Group, are backing on JS Squared.

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