Naftali Group has secured a $236 million construction loan for 255 East 77th Street, a 36-story residential skyscraper on Manhattan’s Upper East Side. Provided by J.P. Morgan and Starwood Capital, the loan will will help complete the 500-foot-tall structure, which is currently in the excavation phase.
New renderings have been revealed for Pearl House, an office-to-residential conversion project by the Vanbarton Group at 160 Water Street in the Seaport neighborhood of Manhattan. The project, designed by Gensler, features an acre of amenities, both indoors and outdoors. Compass Development Marketing Group is the exclusive leasing and marketing partner for this project.
Governor Kathy Hochul has announced the winning plan for the redevelopment of Manhattan’s former Lincoln Correctional Facility at 31-33 West 110th Street in Harlem. Named the Seneca project, the project aims to transform the site into an affordable housing development with 105 units. The $90 million initiative, led by Infinite Horizons, L+M Development Partners, Urbane, and Lemor Development Group, is part of the state’s broader strategy to alleviate New York’s housing crisis.
Permits have been filed for a seven-story mixed-use building at 132 West 134th Street in Harlem, Manhattan. Located between Malcolm X Boulevard and Adam Clayton Powell Jr. Boulevard, the lot is near the 135th Street subway station, serviced by the 2 and 3 trains. Wen Zhu is listed as the owner behind the applications.
Permits have been filed for a 16-story residential building at 180 Christopher Street in West Village, Manhattan. Located between Washington Street and West Street, the lot is near the Christopher Street-Sheridan Square subway station, serviced by the 1 train. Housing Works is listed as the owner behind the applications and current runs the Bailey House at that address, a six-story building used for congregate housing for the homeless and those dealing with HIV.
