Mayor Eric Adams and the New York City Economic Development Corporation have announced plans to transform the Downtown Manhattan Heliport into a facility with the capacity to support electric flight technologies. This initiative is part of a broader effort to enhance urban sustainability and reduce noise pollution in New York City.
The Meatpacking District Management Association (BID) has revealed Gansevoort Landing, a new public plaza with expanded seating, artwork, and crosswalks in a busy section of Manhattan’s Meatpacking District. In addition to the BID, project partners include the New York City Department of Transportation, TF Cornerstone, and The Whitney Museum of Art.
Grubb Properties has closed on an $86 million loan to construct a residential skyscraper at 111 Washington Street in Manhattan’s Financial District. The development was originally addressed as 8 Carlisle Street and was expected to top out at 50 stories. Updated plans specify a 64-story tower with more than 326,000 square feet of interior space.
KPG Funds has secured a $50 million construction loan to complete The Crosby, a new boutique office building in Soho. Located at 40 Crosby Street, the five-story building will comprise 52,000 square feet of office space and an 18,000-square-foot retail space on the ground floor.
Aurora Capital Associates and William Gottlieb Real Estate have shared new interior renderings for The Keller, a seven-story residential building at 150 Barrow Street in Manhattan’s West Village. Designed by BKSK Architects, the building contains 24 condominiums and a suite of amenity spaces. Compass Development Marketing Group and the Hudson Advisory Team are the exclusive sales and marketing team for The Keller.