Construction teams have broken ground at 212 West 124th Street, the site of a new affordable housing tower within the Marcus Garvey Village complex in Central Harlem. From developer Carthage Real Estate Advisors and Body Lawson Associates Architects and Planners, the new building is expected to debut next winter.
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.
United American Land has revealed the first renderings of 277 Canal Street, its forthcoming affordable housing project designed by Morris Adjmi Architects in Soho, Manhattan. The building is on track to be the first completed project following passage of a controversial neighborhood rezoning of 55 city blocks.
The affordable housing lottery has launched for The Reserve, a 12-story mixed-use building at 212 East 125th Street in East Harlem, Manhattan. Designed by ND Design and Architecture and developed by The Hakimian Organization, the structure yields 45 residences. Available on NYC Housing Connect are 34 for residents at 80 to 130 percent of the area median income (AMI), ranging in eligible income from $53,898 to $187,330.
Construction has fully topped out on Terminal Warehouse, a seven-story commercial addition above a historic building at 261 Eleventh Avenue in West Chelsea, Manhattan. Designed by COOKFOX Architects and developed in collaboration by L&L Holding Company and Columbia Property Trust, the building will comprise 1.3 million square feet of Class-A office and retail space.
