Articles by Max Gillespie

Render of Utica Crescent Apartments, by Bernheimer Architecture

Developers Secure $256 Million for Utica Crescent Affordable Apartments In East Flatbush, Brooklyn

7:30 am on December 30, 2023 By Max Gillespie

Monadnock Development, CB Emmanuel Realty, and Equity Developers have announced the closing of a $256 million financing deal for the Utica Crescent Apartments project in East Flatbush, Brooklyn. This development, part of New York State’s Division of Housing and Community Renewal Vital Brooklyn Initiative, is set to transform an underutilized parking lot at 832 Rutland Road into a hub that offers affordable housing and commercial spaces and community spaces.

Render of 30-02 Whitestone Expressway, courtesy of JLL

Developer Secures Loan For 30-02 Whitestone Expressway In College Point, Queens

7:30 am on December 29, 2023 By Max Gillespie

New York-based real estate development firm Triangle Equities has secured $50 million in pre-development financing for a new multi-story logistics facility in College Point, Queens. The loan was arranged by JLL Capital Markets and provided by Centennial Bank. This financing marks an important step toward the development of the planned 425,000-square-foot industrial site located at 30-02 Whitestone Expressway.

Street view of proposed 11th Avenue Biotech Tower, via SGA

Proposal Revealed Pioneering Life Science Facility in Hudson Yards, Manhattan

7:30 am on December 28, 2023 By Max Gillespie

SGA has revealed proposals for BioTech Tower, a 37-story life sciences skyscraper along Eleventh Avenue in Hudson Yards. The structure is planned to yield 650,000 square feet of research and development space, and will stand as the world’s tallest laboratory building.

Sustainable Construction, via suffolk.com

Suffolk Construction Company Announces Launch Of New Sustainability Group

7:30 am on December 27, 2023 By Max Gillespie

Nationwide construction company Suffolk has announced the formation of Suffolk Sustainability Group, underscoring the company’s ambition to lead the nation in sustainable practices across the entire building lifecycle. To spearhead this effort, Suffolk has appointed Steven Burke as senior director of sustainability and Michael Swenson as director of sustainability for Suffolk Design, the contractor’s design-assist business unit.

Render of 215-20 Northern Boulevard, by Caliendo Architects

Rendering Revealed for 215-20 Northern Boulevard In Bayside, Queens

7:00 am on December 26, 2023 By Max Gillespie

A rendering has been revealed for 215-20 Northern Boulevard, a five-story mixed-use building in Bayside, Queens. Designed by Gerald Caliendo Architects and developed by Sam Eshaghoff’s West Egg Development, the structure will yield 38 units and 5,000 square feet of ground-floor retail space with 194 feet of frontage. Lions Group is the general contractor for the project, which is located at the corner of Northern Boulevard and 215th Place.

Render of 1601 Dekalb Avenue, by Aufgang Architects

Developers Secure Funding for 1601 DeKalb Avenue in Bushwick, Brooklyn

7:00 am on December 25, 2023 By Max Gillespie

Camber Property Group, in collaboration with RiseBoro Community Partnership, has finalized a $75 million development deal for a new affordable housing project at 1601 DeKalb Avenue in Bushwick, Brooklyn. Designed by Aufgang Architects, the project plans to transform a previously vacant lot into a residential building with 127 units to be made available to residents earning between 40 and 100 percent of the area median income.

Exterior of 200 Park Avenue, courtesy Tishman Speyer

MetLife Extends 400,000-Square-Foot Lease at 200 Park Avenue In Midtown East, Manhattan

7:00 am on December 24, 2023 By Max Gillespie

MetLife has extended its 400,000-square-foot lease through 2038 at its eponymous skyscraper at 200 Park Avenue in Midtown East, Manhattan.

Industry City overhead render, via industrycity.com

Industry City Announces New Innovation Campus Tenants in Sunset Park, Brooklyn

7:30 am on December 23, 2023 By Max Gillespie

Aanika Biosciences, a biotech firm focused on enhancing global food safety and transparency, has opened a new 27,087-square-foot facility at Industry City in Sunset Park, Brooklyn. The opening marks a significant expansion from its initial 900-square-foot space that opened in 2018. The new facility will include offices for the company’s growing team and increased capacity for research and development, wet lab testing, and biomanufacturing.

Render of Willets Point site layout, via willetspointqueens.com

Willets Point Transformation Breaks Ground In Corona, Queens

7:30 am on December 22, 2023 By Max Gillespie

New York City Mayor Eric Adams, along with other city officials and community partners, celebrated on Wednesday the groundbreaking of the Willets Point transformation in Corona, Queens. The ceremony marked an important step in the city’s largest 100-percent affordable housing development in four decades. The Willets Point project is being developed in partnership with the Queens Development Group, a joint venture between Related Companies and Sterling Equities, and is advancing faster than a year ahead of schedule.

Site of 255 E 77th Street, via Apple Maps

Naftali Group Secures $236 Million Loan For 255 East 77th Street on Manhattan’s Upper East Side

7:30 am on December 21, 2023 By Max Gillespie

Naftali Group has secured a $236 million construction loan for 255 East 77th Street, a 36-story residential skyscraper on Manhattan’s Upper East Side. Provided by J.P. Morgan and Starwood Capital, the loan will will help complete the 500-foot-tall structure, which is currently in the excavation phase.

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Articles by Max Gillespie

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