Centaur Properties and Greyscale Development Group have acquired $115 million in construction funding to develop an 11-story, two-building residential and retail property with 36 units at 527 West 27th Street, in West Chelsea, per The Real Deal. YIMBY revealed diagrams in January, and Isay Weinfeld is designing the project, which is dubbed Jardim. Excavation has kicked-off, and completion is slated for the fall of 2016.
The Real Deal reports Taconic Investment Partners has landed $200 million in construction loans for their 24-story, 392-unit mixed-use project at 525 West 52nd Street, in Hell’s Kitchen. YIMBY brought you news of the project almost exactly a year ago, and Handel is designing. Seventy-nine residential units are expected to be set aside as affordable, and the site’s former five-story structure was demolished in 2014.
Property owner Issak Tavalov has filed applications for a three-story, two-unit mixed-use building measuring 2,830 square feet at the vacant lot at 5716 New Utrecht Avenue, in southern Borough Park. Retail space will measure 850 square feet on the ground floor, and Sandor Weiss, of Gelu Durus Musica, is the architect of record.
Property owner Ashourzadeh Manny, doing business under 501 EMR LLC, has filed applications for a six-story, 14-unit mixed-use building at 503-505 Grand Street, in central Williamsburg. Measuring a total 11,720 square feet, commercial space will take up 2,630 square feet, and the remainder will be residential. BMG Design Build is designing, and a three-story townhouse must first be demolished.
An LLC has filed applications for two four-story, two-unit mixed-use buildings spanning the lots 20-26 Marcy Avenue, in central Williamsburg. The four residential units will be dividing nearly 6,800 square feet of residential space, and a combined 3,940 square feet of commercial space will span the development. KMP Design and Engineering is designing, and a single-story warehouse must first be demolished.