Articles by Max Gillespie

Developers Secure $374 Million Refinancing for Williamsburg Wharf in Williamsburg, Brooklyn

Naftali Group and Access Real Estate have secured a $374.35 million refinancing for Phase I of Williamsburg Wharf, a 3.75-acre waterfront development at 470 Kent Avenue in Williamsburg, Brooklyn. The loan was provided by Barings and refinances the project’s first phase, which includes the rental buildings Two, Three, and Four Williamsburg Wharf. The property is bounded by South 10th Street to the north, Division Avenue to the south, Kent Avenue to the east, and Wallabout Channel to the west.

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Orchard Beach Pavilion Completes Restoration In Pelham Bay Park, The Bronx

Orchard Beach Pavilion has reopened at Orchard Beach in The Bronx’s Pelham Bay Park following a $114 million reconstruction project. Designed by Marvel for NYC Parks and NYCEDC, the project involved the restoration of the landmarked 140,000-square-foot building, which was originally built in 1936 with Works Progress Administration funding and had been closed since 2009.

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ELURP Application Approved For First City-Owned Site At 351 Powers Avenue In Mott Haven, The Bronx

New York City Council has approved the city’s first Expedited Land Use Review Procedure (ELURP) application for 351 Powers Avenue, an eight-story residential building in Mott Haven, The Bronx. The city-owned site will be developed with 84 affordable homes for low-income New Yorkers, including 30 units for formerly homeless residents. The property is located between East 141st Street and East 143rd Street.

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The Peninsula Complex Selected For Municipal Grocery Store In Hunts Point, The Bronx

A 20,000-square-foot municipal grocery store is planned for The Peninsula mixed-use development in Hunts Point, The Bronx, with an expected opening date in 2027. Developed by Gilbane Development, The Hudson Companies, MHANY Management, and Broadway Builders, the project is the second location selected for the city’s municipal grocery store program, which aims to establish one publicly supported grocery store in each borough before the end of the mayor’s first term. The store will occupy commercial space within The Peninsula, the redevelopment of the former Spofford Juvenile Detention Facility along Spofford Avenue between Manida and Tiffany Streets.

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