Lam Group and Exact Capital Group have closed on a $167.5 million construction loan to refinance Victoria Tower Residences, a 26-story mixed-use rental property in Central Harlem. The building is located at 233 West 125th Street, a site formerly occupied by the historic Victoria Theatre.
Permits have been filed for a seven-story mixed-use building at 126 Hester Street in Chinatown, Manhattan. Located between Chrystie Street and Bowery, the lot is one block south of the Grand Street subway station, serviced by the B and D trains. Ruoxu You under the Fortune Assets LLC is listed as the owner behind the applications.
Sigma Computing has committed to leasing space at Zero Irving, a 21-story technology hub under construction at 124 East 14th Street in Union Square. Designed by Davis Brody Bond and developed by RAL Development and Junius Real Estate Partners, the building will offer a mix of space for affordable and market-rate offices, tech incubators, co-working suites, and training centers.
The affordable housing lottery has launched for 90 Sands Street, a 30-story mixed-use building in DUMBO, Brooklyn. Designed by Beyer Blinder Belle and developed by Breaking Ground, the conversion will yield 491 residences. Available on NYC Housing Connect are 185 units for residents at 30 to 120 percent of the area median income (AMI), ranging in eligible income from $18,412 to $128,880.
Excavation is continuing at 262 Fifth Avenue, the site of a 1,043-foot residential supertall skyscraper in NoMad. Designed by Meganom with SLCE Architects as the executive architect and developed by Boris Kuzinez of Five Points Development under the Five Points 262 Project, LLC, the 60-story tower will yield 41 residential units spread across 139,168 square feet and 10,850 square feet of retail space on the first two floors. CM & Associates Construction Management, LLC is the general contractor for the property, which is located at the corner of Fifth Avenue and West 29th Street.
