A joint venture between Invesco Real Estate and The Hampshire Companies has secured $34.5 million to construct a two-building warehouse and distribution center at 30 Cross Street in Bogota, New Jersey. When complete, the development will comprise 187,530 square feet spread across 11.7 acres.
The affordable housing lottery has launched for Victory Commons, aka Victory Baptist, a pair of six-story mixed-use buildings at 1007 Union Avenue in Morrisania, The Bronx. Designed by Aufgang Architects and developed by Michael Callaghan of Exact Capital, the structure yields 95 residences. Available on NYC Housing Connect are 79 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $17,452 to $132,400.
Permits have been filed for a four-story residential building at 343 Menahan Street in Bushwick, Brooklyn. Located between Wyckoff Avenue and Irving Avenue, the interior lot is near the Myrtle-Wyckoff Avenues subway station, serviced by the L and M trains. Tal Bloch is listed as the owner behind the applications.
Construction continues to rise on 250 East 83rd Street, a 31-story residential building in the Yorkville section of Manhattan’s Upper East Side. Designed by SLCE Architects and developed by The Torkian Group, the 370-foot-tall structure will yield 128 residential units with interiors by Lemay_id, as well as ground-floor retail space. Cauldwell Wingate Company is the general contractor for the property, which is located at the corner of Second Avenue and East 83rd Street.
New York-based investment group 601W Companies has landed $375 million to finance the acquisition, renovation, and lease-up of Harborside 1-3, a three-building office complex in Jersey City. The property flanks the Hudson River and comprises more than 2 million square feet of commercial space.
