The massive rectangular-shaped project taking up a full block at 85 Jay Street has officially been dubbed “Front and York,” and today YIMBY has a full update on site progress. Bound by Front Street and York Street in DUMBO, Brooklyn, the 1.1 million square foot residential complex will soon sprout from what was one of the neighborhood’s last and largest undeveloped lots. The new building, with retail shops on the ground floor and a mixture of condominiums and rentals above, is designed by Morris Adjmi Architects, and is being developed by CIM Group and LIVWRK.
Located in the Brooklyn neighborhood of DUMBO, new renderings and information have been revealed for the future site of 85 Jay Street. Bound by Jay Street, Front Street, Bridge Street and York Street, the large rectangular parcel of land was one of the biggest undeveloped sites in the neighborhood, and has long been used as a parking lot. The lot was previously sold for $345 million dollars from the Jehovah’s Witnesses three years ago. The site is now addressed as “Front and York” and will be designed by Morris Adjmi Architects and developed by CIM Group and LIVWRK. 1.1 million square feet of condominiums, rentals and retail space is expected to result.
In an exclusive reveal, co-developers CIM Group and LIVWRK have released new renderings of their forthcoming condominium property at 111 Montgomery in Crown Heights, Brooklyn to YIMBY. The developers have also launched a teaser site for prospective buyers.
Permits have been filed for an eleven-story mixed-use building at 350 East 18th Street in the Gramercy neighborhood of Manhattan. While it is technically in Gramercy, the site is about seven blocks away from the famed private park, and is situated across the street from Stuyvesant Town. CIM Group will be responsible for the development.
The world’s current tallest residential tower, 432 Park Avenue, has broken a record. Total sales of its condominiums have now surpassed $2 billion, and co-developers CIM Group and Macklowe Properties have made the announcement that their Midtown project has now achieved the all-time record for all of New York City. This news leaves the developers just $1.1 billion dollars shy of their expected total $3.1 billion sell-out.