Articles by Max Gillespie

Rendering of 1215 Fulton Street. Courtesy of Tower Holdings Group, The Collective and Artefactorylab

Funding Secured For 12 Halsey Street In Bedford-Stuyvesant, Brooklyn

7:30 am on December 16, 2023 By Max Gillespie

EJS Group, in partnership with Hope Street Capital, have successfully closed on a $108.15 million construction financing package for their upcoming residential development at 12 Halsey Street in Bedford-Stuyvesant, Brooklyn. This project, also referred to as 1215 Fulton Street, is part of the Affordable New York Program and comprises three buildings with approximately 240 rental units, with 30 percent allocated as affordable housing.

Office space at Industry City, courtesy of BerlinRosen

Four New Companies Sign Leases at Industry City In Sunset Park, Brooklyn

7:30 am on December 15, 2023 By Max Gillespie

Industry City, a 35-acre mixed-use complex along the Sunset Park waterfront in Brooklyn, has announced four new lease signings. Kinolime, Dowbuilt, Prudential Insurance, and KYHA Studios will occupy a combined 15,282 square feet through Industry City’s flexible leasing policy, which allows tenants to secure additional space if needed in the future.

198 St. Nicholas Avenue, courtesy of Melamed Architect, P.C.

198 St. Nicholas Avenue Completes Construction in Bushwick, Brooklyn

7:30 am on December 14, 2023 By Max Gillespie

Construction is complete on 198 St. Nicholas Avenue, a four-story condominium building in Bushwick, Brooklyn. Designed by Melamed Architect and developed by AUM-NY, the project involved the repurposing of a former church and the construction of four new levels above, spanning 11,500 square feet and yielding six units. Sales have been finalized for all of the homes at the property, which is located at the corner of Harman Street and St. Nicholas Avenue.

Hudson Companies Secures $28.3 Million Restructure for House No.94 at 94 North 3rd Street in Williamsburg, Brooklyn

7:30 am on December 13, 2023 By Max Gillespie

The Hudson Companies has closed a $28.3 million capital restructuring deal for House No.94, a five-story residential building at 94 North 3rd Street in Williamsburg, Brooklyn. The transaction, brokered by Newmark Holdings, involved financing from Voya Financial and a new joint venture with Meadow Partners.

MarcumAsia to Expand Headquarters At 7 Penn Plaza In Chelsea, Manhattan

7:00 am on December 12, 2023 By Max Gillespie

The Feil Organization has announced that multinational accounting and consulting services firm Marcum Asia CPAs LLP is expanding its headquarters at 7 Penn Plaza, an 18-story commercial building at 370 Seventh Avenue in Chelsea. The firm will add 8,851 square feet of office space to its existing footprint, bringing its total occupancy to 14,870 square feet on the eighth floor for the next decade.

Planned Upgrades to Reid Apartments, via nyc.gov

NYCHA And Partners Secure $635.6 Million For Renovations Across East Brooklyn

7:00 am on December 11, 2023 By Max Gillespie

The New York City Housing Authority and its partners have reached a significant milestone by closing on a $635.6 million PACT project aimed at renovating 87 buildings in East Brooklyn. This comprehensive initiative will benefit nearly 3,500 residents, providing them with upgraded apartments, public spaces, grounds, and building infrastructure.

Render of Finback Brewery LIC Taproom, courtesy of Finback Brewery

Finback Brewery Opens Taproom Within Sven Tower In Long Island City, Queens

7:00 am on December 10, 2023 By Max Gillespie

Finback Brewery has announced the opening of its latest taproom, Finback LIC, situated in Sven residential tower located at 29-37 41st Avenue in Long Island City. With existing locations in Glendale and Gowanus, Brooklyn, the 3,800-square-foot LIC taproom marks the brewery’s third venture.

"Constellations" Exhibit, by Alan Schindler Photography

‘Constellations’ Art Installation Unveiled at 425 Park Avenue in Midtown, Manhattan

7:00 am on December 9, 2023 By Max Gillespie

L&L Holding Company, in collaboration with renowned artist Anthony James and SPACE2CURATE, have unveiled “Constellations,” a sculpture installation at 425 Park Avenue in Midtown East, Manhattan. Visible from Park Avenue and 55th Street, the work occupies a 5,000-square-foot glass-enclosed gallery at the southeast corner of the 897-foot-tall commercial skyscraper from Foster + Partners.

540 Atlantic Avenue, courtesy of Shea Communications

JSC Realty Purchases 540 Atlantic Avenue In Boerum Hill, Brooklyn

7:30 am on December 8, 2023 By Max Gillespie

On Thursday, the sale of 540 Atlantic Avenue in Boerum Hill to JSC Realty was completed. The $38.5 million deal was orchestrated by JLL Capital Markets, representing the legacy seller DMA Associates. JSC Realty plans to build a new mixed-use development comprising 154 units on the site.

Render of Clarkson Estates, courtesy of New York State

Construction Begins on Clarkson Estates Affordable Housing Project at 329 Clarskson Avenue in Flatbush, Brooklyn

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

On Tuesday, Governor Kathy Hochul announced the commencement of construction on Clarkson Estates, a nine-story affordable housing project at 329 Clarkson Avenue in Flatbush, Brooklyn. Developed by Empire State Development, the structure will yield 328 apartments, including 164 supportive units for the formerly homeless, as well as a 30,000-square-foot community facility and 80 rentable parking spaces. The project is a part of the state’s Vital Brooklyn initiative, which seeks to address social, economic, and health disparities in Brooklyn.

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Articles by Max Gillespie

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