Articles by Max Gillespie

Rendering of 335 Eighth Avenue - Courtesy of MAG Partners, COOKFOX Architects

$151.4M Capitalization Secured For 335 Eighth Avenue In Chelsea, Manhattan

7:30 am on January 10, 2024 By Max Gillespie

JLL Capital Markets has arranged a $151.4 million capitalization for 335 Eighth Avenue, a seven-story mixed-use building under construction in Chelsea, Manhattan. Designed by COOKFOX and developed by MAG Partners and Safanad, the structure will yield 188 units with 30 percent reserved for low- and middle-income residents, as well as over 30,000 square feet of amenities, 25,461 square feet of retail space, and 1,150 square feet of community facility space. Financing was secured from Bank OZK and MetLife Investment Management for the project, which broke ground in October 2023.

Two Penn Plaza, courtesy of Vornado Realty Trust

Cushman & Wakefield Appointed Leasing Agent For PENN 2 Office Tower In Midtown, Manhattan

7:00 am on January 9, 2024 By Max Gillespie

Vornado Realty Trust has announced a major step in the revitalization of its Penn District campus with the appointment of Cushman & Wakefield as the exclusive leasing agent for PENN 2, a 1.8-million-square-foot office tower undergoing renovations at Two Penn Plaza in Midtown, Manhattan. The partnership aims to position PENN 2 as a premier destination for leading companies in the heart of Manhattan’s Westside.

Render of proposed new design for 675 Hudson Street, by Mancini

LPC To Review Renovation Proposal for 675 Hudson Street in Manhattan’s Meatpacking District

7:00 am on January 8, 2024 By Max Gillespie

The Landmarks Preservation Commission is set to review a renovation proposal for 675 Hudson Street, a five-story mixed-use building in the Meatpacking District of Manhattan. Designed by Mancini Duffy Architecture, the proposal outlines a number of aesthetic and structural modifications to the vernacular/Neo-Grec style building, which was originally constructed in 1849 and subsequently enlarged between 1854-1860.

DoorDash Expands New York Presence with Lease at 200 Fifth Avenue In Flatiron, Manhattan

7:00 am on January 7, 2024 By Max Gillespie

In a major expansion of its New York operations, DoorDash has inked a lease for more than 115,000 square feet at 200 Fifth Avenue, a 13-story commercial building in Flatiron, Manhattan. The deal is an expansion of the 57,691 square feet that it currently occupies in the structure, which is located at the intersection of Fifth Avenue, Broadway, and 23rd Street along Madison Square Park.

SCALE Lending Finalizes $46 Million Bridge Loan for Arris Grand in Clinton Hill, Brooklyn

7:30 am on January 6, 2024 By Max Gillespie

SCALE Lending, the debt financing division of Slate Property Group, has finalized a $46 million bridge loan for Arris Grand, a recently completed nine-story residential building at 982-998 Fulton Street in Clinton Hill, Brooklyn. The loan will be utilized to pay off the existing construction loan and support the lease-up phase of the multifamily building.

Rendering Revealed for Fabric Astoria at 22-54 46th Street and 22-51 45th Street in Astoria, Queens

7:30 am on January 5, 2024 By Max Gillespie

A rendering has been revealed for Fabric Astoria, a two-building residential complex at 22-54 46th Street and 22-51 45th Street in Astoria, Queens. Designed by Dattner Architects and developed by Mega Development, the structures will stand eight stories.

LPC To Review Proposal For Renovations to West 85th Street Playground on Manhattan’s Upper West Side

7:30 am on January 4, 2024 By Max Gillespie

The Landmarks Preservation Commission (LPC) is set to review plans for the reconstruction of the West 85th Street Playground, located within Central Park on Manhattan’s Upper West Side. Led by the Central Park Conservancy, the project aims to modernize the play area formerly known as the Spector Playground, while making it more accessible and inclusive for various mobility needs.

Existing exterior of 1030 Amsterdam Avenue, via nyc.gov

New Façade Proposed for 1030 Amsterdam Avenue in Morningside Heights, Manhattan

7:30 am on January 3, 2024 By Max Gillespie

A new façade has been proposed for The Hungarian Pastry Shop, a long-standing bakery located at 1030 Amsterdam Avenue in Morningside Heights, Manhattan. The proposal was submitted for review at the Landmarks Preservation Commission‘s public hearing that took place on December 19.

Renderings of new bike lanes on Queens Boulevard, courtesy of the New York City Department of Transportation

Mayor Adams Announces $30 Million for Queens Boulevard Safety Improvements

7:00 am on January 2, 2024 By Max Gillespie

New York City Mayor Eric Adams has announced the award of nearly $30 million in federal funding for safety improvements along Queens Boulevard in East Flatbush, Brooklyn. This grant, part of the “Safe Streets and Roads for All” program, will be funded through the approximately $1 billion in federal infrastructure funding that has been secured under the Adams administration.

East Midtown Greenway, courtesy of Stantec

East Midtown Greenway Opens along East River Waterfront in Midtown, Manhattan

7:00 am on January 1, 2024 By Max Gillespie

Sustainable design and engineering firm Stantec recently celebrated the grand opening of the East Midtown Greenway in Midtown East, Manhattan. Constructed by Skanska, the esplanade is the second of three sections of the East Midtown Waterfront Project and adds nearly 2,000 linear feet of bikeways and walking paths to the East River waterfront.

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Articles by Max Gillespie

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