Hello Living’s first foray into Manhattan development will be a pricey one. The Brooklyn-based full-service real estate development firm announced earlier this week their plans to acquire 4650 Broadway in Inwood. If that address rings a bell, it’s because FBE Limited purchased the site this past spring from Acadia Realty Trust for $26 million. At $55 million, Hello Living paid more than twice that for 370,039 buildable square feet.
Another apartment building is coming to Williamsburg. The new seven-story residential project at 106 North 1st will have commercial space on the ground floor. The neighborhood has seen an influx of condos in the past few years, and an office development is currently in the works directly across the street, at 107 North 1st Street.
Proposals submitted to NYC’s Department of City Planning reveal a sizable mixed-use development coming to 47-15 34th Avenue in Astoria, Queens.
Global real estate brokers Cushman & Wakefield appear to be on the hunt for a new owner or developer for a uniquely positioned assemblage in Bed-Stuy, Brooklyn. Located at 1215 Fulton Street, the T-shaped site offers frontage on both Halsey and Fulton Streets, with a sizable interior portion extending East between residential structures on both North and Southern boundaries.
321 Warren Street, aka the Lively, will be a mixed-use tower at the southeast intersection of Warren Street and Steubern Street, in Jersey City. The 217,000 square foot building broke ground this past June, and is now climbing past the ninth floor. Fogarty Finger Architecture is designing the 18-story tower while LMC is the developer. The entire building is being constructed with a reinforced concrete superstructure.