Commercial

Rendering of the new Kimlau Square in Chinatown

New York State Awards $20M to Finance 11 Community Improvement Projects in Chinatown, Manhattan

7:00 am on December 25, 2022 By Sebastian Morris

Manhattan’s Chinatown neighborhood is the latest recipient of a $20 million award from New York State’s Downtown Revitalization Initiative, an economic development program led by the Department of State, Empire State Development, the New York State Homes and Community Renewal, and NYSERDA. The award will support 11 projects across the neighborhood that will improve streetscape connectivity and support the creation of new public gathering spaces, community facilities, and public artworks.

Rendering illustrates a Sage Oasis co-working space at 437 Madison Avenue

Sage Realty Reveals Oasis Amenity Program for Portfolio Office Buildings in Manhattan

7:30 am on December 24, 2022 By Sebastian Morris

Sage Realty has announced a membership-based amenity program in select office properties owned and operated by the William Kaufman Organization. The Oasis-branded program will first debut at 437 Madison Avenue and 767 Third Avenue, two high-rise commercial buildings in Midtown East, Manhattan.

Illustration of grounds within the North 80 science village

Mount Pleasant Approves Zoning Amendments for North 80 Science Village in Westchester County

7:30 am on December 23, 2022 By Sebastian Morris

Local officials from the Town of Mount Pleasant unanimously approved zoning amendments that will facilitate the construction of North 80, a three-million-square-foot science and technology village. Located in Valhalla, a hamlet within Westchester County, the development will take shape next to the Westchester Medical Center, New York Medical College, and near the expansive Regeneron Pharmaceuticals complex.

Rendering of One Madison Avenue Expansion. Designed by Kohn Pedersen Fox

SL Green Announces Two Culinary Destinations at One Madison Avenue in Flatiron District, Manhattan

7:30 am on December 21, 2022 By Sebastian Morris

Developer SL Green has again partnered with Michelin-starred chef Daniel Bolud on a dining concept in Manhattan. This time, the venture will launch a European-style marketplace and a steakhouse at One Madison Avenue, a new Class A office building currently under construction in Manhattan’s Flatiron District.

Updated renderings of Nova at 41-05 29th Street - Fogarty Finger

Developers Secure $62M Loan for NOVA Condominium Tower at 41-05 29th Street in Long Island City, Queens

7:00 am on December 19, 2022 By Sebastian Morris

SB Development and Hazelton Capital Group have secured a $62 million loan to facilitate the completion of Nova, an 86-unit condominium tower at 41-05 29th Street in Long Island City, Queens. Designed by Fogarty Finger, the residential collection will range from studios up to three-bedroom layouts, with no more than five units per floor. The loan was provided by Northwind Group, a Manhattan-based real estate private equity firm.

Permits Filed for 2554 East 16th Street in Sheepshead Bay, Brooklyn

6:30 am on December 18, 2022 By Vanessa Londono

Permits have been filed for an 11-story commercial building at 2554 East 16th Street in Sheepshead Bay, Brooklyn. Located between Avenue Z and Avenue Y, the lot is a short walk to the Sheepshead Bay subway station, serviced by the B and Q trains.

Kasa Lantern LES Debuts at 120 Allen Street on Manhattan’s Lower East Side

7:30 am on December 17, 2022 By Sebastian Morris

Kasa Living has opened its latest apartment-style hotel property at 120 Allen Street on Manhattan’s Lower East Side. Known as Kasa Lantern LES, the ten-story building comprises 20 short-stay rooms styled as condominium homes.

Rendering of Urban Village in East New York, Brooklyn

City Council Approves 10.5-Acre ‘Urban Village’ in East New York, Brooklyn

7:00 am on December 13, 2022 By Sebastian Morris

The New York City Council has approved plans to construct Urban Village, a 10.5-acre mixed-use campus near the East New York waterfront in Brooklyn. The development team includes the Gotham Organization, Monadnock Development, and the Christian Cultural Center, the city’s largest mega church with around 37,000 active members.

Rendering of Hamilton Green in White Plains

Construction Breaks Ground at the New Hamilton Green Complex in White Plains

7:30 am on December 10, 2022 By Sebastian Morris

Construction at Hamilton Green, a four-building, 860-unit complex officially broke ground this week. Led by RXR and The Cappelli Organization, the complex replaces the demolished While Plains Mall property, formerly addressed as 200 Hamilton Avenue.

470 Park Avenue South - Courtesy of SJP Properties

Developers Complete Modernization and Amenities Project at 470 Park Avenue South in Midtown, Manhattan

7:30 am on December 9, 2022 By Sebastian Morris

SJP Properties and PGIM Real Estate have completed significant upgrades to 470 Park Avenue South, a 12-story commercial building in Midtown, Manhattan. Facing both 32nd and 33rd Streets, the structure offers approximately 300,000 square feet of office and retail space.

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