SCALE Lending has provided K2 Real Estate Partners with a $68.5 million construction loan to complete a mixed-use residential building in Prospect Lefferts Gardens, Brooklyn. The project site is located at 210 Clarkson Avenue and will eventually support an eight-story property designed by Hill West Architects with 165 rental apartments and a ground-floor grocery store.
Construction is progressing on The Collection, an eight-story residential building at 401 West Street in Manhattan’s West Village. Designed by Thomas Juul Hansen and Hill West Architects and developed by Wainbridge Capital, the ten-unit project is being built by Vector Building Corporation on a relatively narrow plot between West 10th and Charles Streets along the Hudson River waterfront. Christopher Street Pier lies directly to the west.
Work is nearing completion on Anish Kapoor’s reflective “bean” sculpture at the base of 56 Leonard Street, an 831-foot-tall residential skyscraper in Tribeca. The last curved sections of the amorphous work of art have finally been assembled, closing off the missing outer section facing the corner of Leonard and Church Streets. 56 Leonard Street was designed by Herzog & de Meuron and Hill West Architects and stands as one of the tallest structures in Lower Manhattan, with a distinguished massing of irregular cantilevering floors. Anish Kapoor is also known for designing Chicago’s chrome steel-plated Cloud Gate and the ArcelorMittal Orbit from the 2012 London Summer Olympics.
Permits have been filed for a 16-story mixed-use building at 470 Kent Avenue in Williamsburg, Brooklyn. Located at the intersection of Division Avenue and Kent Avenue, the waterfront lot is walking distance from South Williamsburg stop on the East River Ferry and the Marcy Avenue subway station, serviced by the J, M, and Z trains. Naftali Group is listed as the owner behind the applications, along with the neighboring two mixed-use towers at 484 Kent Avenue, addressed as 480 and 490 Kent Avenue, and planned to rise 21 and 22 stories respectively.
Permits have been filed for a 13-story mixed-use building with affordable housing at 44-01 Northern Boulevard in Astoria, Queens. Located on a triangular site bordered by Northern Boulevard and 44th Street, the Steinway Street subway station is nearby and serviced by the E, M, and R trains. Brian Collins of Silverstein Properties is listed as the owner behind the applications.
