The development team behind a waterfront logistics center in The Bronx’s Schuylerville neighborhood has secured $305 million in financing to fund construction. The New York City-based developers include Innovo Property Group and Square Mile Capital Management, who worked with Bank OZK and the Structured Finance platform of EverWest Real Estate Investors to structure the deal.
Permits have been filed for a four-story commercial building at 25-39 Borden Avenue in Long Island City, Queens. Located between 25th Street and 27th Street, the interior lot is a short walk to the Hunters Point Avenue subway station, serviced by the 7 train. Stylianos Aniftos of Esco Borden Realty LLC is listed as the owner behind the applications.
Amazon has officially acquired the historic Lord & Taylor Building at 424 Fifth Avenue in Midtown, Manhattan. Although Amazon and WeWork, the building’s former owner, have not released any statements on the deal, the transaction is reportedly valued between $978 million and $1.15 billion.
BKSK Architects recently returned to the Landmarks Preservation Commission (LPC) with proposals to renovate and expand an aging low-rise building in Manhattan’s Greenwich Village Historic District. Located at 21 Greenwich Avenue, the corner property could eventually support a ground-floor restaurant and five floors of residential area.
The years-long initiative to renovate and repurpose the defunct Bayview Correctional Facility in Chelsea may never be revived following an abrupt cancellation by the NoVo Foundation and Goren Group in 2019. Referred to as the Women’s Building, the structure at 550 West 20th Street would have repurposed and expanded the former all-female prison, renderings of which have been released by Spacesmith and Davis Brody Bond.