Construction on One Boerum Place in Downtown Brooklyn is getting close to topping out. The 21-story mixed-use condominium building is rising from a narrow triangular-shaped parcel bound by Boerum Place, Red Hook Lane, and Fulton Street. The project is designed by SLCE Architects and is being developed by Avery Hall Investments, Allegra Holdings, and Aria Development Group, which acquired a $165 million construction loan from Jutland Finance. The total cost is expected to be around $250 million.
YIMBY checked in on 570 Fulton Street in Downtown Brooklyn, the site of an approved 550-foot-tall mixed-use skyscraper. Designed by Hill West Architects and developed by Slate Property Group, the glass- and metal-clad tower will contain a mixture of market-rate apartments, affordable housing, retail, and office space.
Developer Tishman Speyer and Debevoise & Plimpton LLP have finalized negotiations for a massive 530,000-square-foot office at 66 Hudson Boulevard, aka The Spiral. The global law firm expects to relocate its headquarters from 919 Third Avenue in the second half of 2022. With this latest transaction, Tishman Speyer has now successfully pre-leased 54 percent of the building.
Construction on the full-block development at Front & York is swiftly ascending at 85 Jay Street in DUMBO, Brooklyn. Designed by Morris Adjmi Architects and developed by CIM Group and LIVWRK, the the 1.1-million-square-foot residential project will rise 21 stories and yield 728 apartments that start around $950,000.
Permits have been filed for a six-story mixed-use building at 39-04 29th Street in Long Island City, Queens. Located between 39th Avenue and 40th Avenue, the lot is two blocks from the 39th Avenue subway station, serviced by the N and W trains. Nestor Varela under the 39-08 29th Street LLC is listed as the owner behind the applications.