Commercial Observer reported that real estate development company JS Squared has secured $43 million of construction financing from Madison Realty Capital to build 38 townhomes in Water Mill, N.Y., on Long Island. Located at 66 Nowedonah Avenue, the townhomes will have attached garages along with access to property amenities that include a pool and clubhouse. The development consists of roughly 103,000 sellable square feet and sits near Mecox Bay, between Bridgehampton and Southampton.

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