Articles by Max Gillespie

‘Sol On Park’ Affordable Senior Housing Project Secures Financing At 3728 Park Avenue In Claremont, The Bronx

7:30 am on July 2, 2026 By Max Gillespie

Developers have secured a $214 million financing package for Sol on Park, an affordable housing development at 3728 Park Avenue in Claremont, The Bronx. Designed by Magnusson Architecture and Planning and developed through a partnership between NYCHA, the New York City Department of Housing Preservation and Development (HPD), the New York City Housing Development Corporation (HDC), The NRP Group, Selfhelp Realty Group, and Foxy Management, the structure will deliver 229 permanently affordable apartments for older New Yorkers. The project is located at the northeast corner of Park Avenue and St. Paul’s Place, on New York City Housing Authority’s (NYCHA) Morris Houses campus.

170K Square Foot Logistics Center Completes Construction In Hamilton, New Jersey

7:30 am on July 1, 2026 By Max Gillespie

Construction is complete on the Logistics Center at Hamilton, a 170,800-square-foot Class A industrial facility at 600 Horizon Drive in Hamilton Township, New Jersey. Developed by FRP Development Corp. in a joint venture with DWS, the approximately 15-acre project delivers modern warehouse space in the Hamilton submarket at the intersection of Interstate 195 and Route 130. It is the company’s first completed logistics development in the state.

River Commons Affordable Housing Development Breaks Ground At 1225 Gerard Avenue In Concourse, The Bronx

6:30 am on June 30, 2026 By Max Gillespie

Construction has broken ground on River Commons, a 17-story mixed-use affordable housing development on the campus of NYC Health + Hospitals/Gotham Health, Morrisania at 1225 Gerard Avenue in Concourse, The Bronx. Designed by Bernheimer Architecture and developed by Type A Projects, BronxWorks, and L+M Development Partners, the $255 million structure will yield 328 affordable and supportive apartments. The project will also include a new healthcare facility, community space, and public open space. The property is located between East 167th and 168th Streets.

Financing Package Closes For 757 Flatbush Avenue In Flatbush, Brooklyn

7:00 am on June 28, 2026 By Max Gillespie

A $75 million financing package has been secured to support the development of 757 Flatbush Avenue, a forthcoming nine-story condominium building in Flatbush, Brooklyn. The package consists of a $58 million senior loan from Madison Realty Capital and a $17 million mezzanine loan from Naftali Credit Partners. The financing will refinance existing land debt and fund the project’s remaining hard and soft construction costs. Designed by Morali Architects and developed by New Empire, the project will yield 131 condominium residences ranging from studio to three-bedroom units, along with approximately 3,348 square feet of ground-floor commercial space.

Developers Secure Capitalization for 1,100-Unit Building at 175 Third Street in Gowanus, Brooklyn

7:30 am on June 26, 2026 By Max Gillespie

Charney Companies and Tavros Capital have closed on construction capitalization for 175 Third Street, the fifth and largest building in the Gowanus Wharf masterplan in Gowanus, Brooklyn. Designed by Bjarke Ingels Group (BIG), the 27-story structure will span approximately 1.1 million square feet and deliver nearly 1,100 residences, with 25 percent of the apartments designated as permanently affordable. The property is located between 3rd Avenue and the Gowanus Canal.

Hudson House West Nears Completion At 325 15th Street In Jersey City, New Jersey

7:30 am on June 25, 2026 By Max Gillespie

Leasing has launched for Hudson House West, a 27-story residential tower nearing completion at 325 15th Street in Jersey City, New Jersey. Designed by Urban Architecture and developed by RXR, Columbia Property Trust, Strategic Value Partners, LLC (SVP), and One Investment Management (OneIM), the building contains 338 rental residences ranging from studios to three-bedroom homes, with select layouts offering bonus dens. The property is located between Coles and Monmouth Streets.

Design-Build Team Selected For Modernization Of Unity Towers At 2007 Surf Avenue In Coney Island, Brooklyn

7:30 am on June 24, 2026 By Max Gillespie

The New York City Public Housing Preservation Trust has selected Fifth Avenue Builders, LLC, as the design-build team for the modernization of Unity Towers, a 193-unit NYCHA development located at 2007 Surf Avenue in Coney Island, Brooklyn. The selection, approved by the Trust Board on June 10, marks a significant milestone in the renovation effort following residents’ August 2024 vote to join the Trust program. Fifth Avenue Builders is a joint venture between Urban Atelier Group and Camber Property Group.

1920 Turnbull Affordable Housing Tower Set To Begin Construction In Soundview, The Bronx

7:00 am on June 23, 2026 By Max Gillespie

Construction is set to begin on the first phase of 1920 Turnbull, a 22-story affordable and supportive housing development at 1920 Turnbull Avenue in Soundview, The Bronx. Designed by Magnusson Architecture and Planning and developed by Gilbane Development, Strada Development LLC, and the Center for Urban Community Services (CUCS), the nearly $170 million building will contain 228 affordable rental apartments, including 137 permanent supportive housing units for formerly homeless individuals and families. The property is located between Pugsley Avenue and White Plains Road.

Related Companies to Expand Tribeca Park’s Affordable Housing at 400 Chambers Street In Battery Park City, Manhattan

7:30 am on June 21, 2026 By Max Gillespie

The Battery Park City Authority and Related Companies have reached an agreement to preserve and expand affordable housing at Tribeca Park, a 27-story residential building at 400 Chambers Street in Battery Park City, Manhattan. Designed by Robert A.M. Stern and Costas Kondylis and developed by Related Companies, the property contains 396 units. The deal, structured as an amendment to the building’s ground lease, will preserve 81 existing affordable apartments and create 20 additional affordable units, bringing the total number of income-restricted residences to 101, or approximately 25 percent of the building’s housing stock.

NYC Unveils Proposal For Upgraded Bus And Bicycle Infrastructure On Sixth Avenue In Manhattan

6:30 am on June 20, 2026 By Max Gillespie

The New York City Department of Transportation has unveiled a proposal to upgrade bus and bicycle infrastructure along Sixth Avenue in Manhattan. The plan would add new offset bus lanes between Watts Street and West 34th Street, upgrade existing bus lanes from West 34th Street to West 58th Street, and widen protected bike lanes along much of the corridor. The improvements are intended to benefit more than 51,000 daily bus riders and enhance safety for cyclists and pedestrians on one of Manhattan’s busiest transportation corridors.

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