Rendering of McClellan One, via Creation

McClellan One Logistics Facility Breaks Ground In Newark, New Jersey

7:00 am on April 23, 2024 By Max Gillespie

Creation, a commercial real estate developer, and its joint-venture partner J.P. Morgan Asset Management, have begun site work on McClellan One, a Class A logistics building in Newark, New Jersey. The project team recently secured a $64 million construction loan from PCCP, allowing construction to move forward on the 120,584-square-foot structure, which is located on a 10-acre site at the northwest corner of Route 1 and McClellan Street, adjacent to Newark Liberty International Airport.

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Housing Lottery Launches for The Sierra Chelsea at 130 West 15th Street in Chelsea, Manhattan

6:30 am on April 23, 2024 By Vanessa Londono

The affordable housing lottery has launched for The Sierra Chelsea, a 14-story residential building built in 2002 at 130 West 15th Street in Manhattan’s Chelsea neighborhood. Designed by Costas Kondylis & Partners, the structure yields 213 residences. Available on NYC Housing Connect are 11 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $107,623 to $146,900.

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Façade Work Continues On Redeemer East Side At 150 East 91st Street on Manhattan’s Upper East Side

8:00 am on April 22, 2024 By Michael Young and Matt Pruznick

Façade installation is progressing on Redeemer East Side, a new 12-story home for the Redeemer Presbyterian Church at 150 East 91st Street in the Carnegie Hill section of Manhattan’s Upper East Side. Designed by STUDIOS Architecture, the 170-foot-tall structure will feature a fellowship hall with a capacity of 300, a 600-seat auditorium for worship and gatherings, 17 classrooms, and a catering kitchen. The Presbyterian organization acquired the property for $29.5 million in 2020 and will relocate to the new facility from its current address at 112 East 75th Street. Pavarini McGovern is the general contractor for the project, which is situated on a 50-foot-wide interior lot between Lexington and Third Avenues.

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Excavation Underway At 556 Baltic Street in Gowanus, Brooklyn 

7:30 am on April 22, 2024 By Michael Young

Excavation has begun at 556 Baltic Street, the site of an 11-story residential building in Gowanus, Brooklyn. Designed by Input Creative Studio with Baltic Residence LLC as the owner, the 123-foot-tall structure will span 68,808 square feet and yield 92 units with an average scope of 691 square feet, as well as 5,231 square feet of commercial space and a 31-foot-long rear yard. The site is bound by Baltic Street to the north, Butler Street to the south, and 3rd Avenue to the west.

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