Mixed-Use

8-16 Nevins Street

Developers Acquire 10 Nevins Street Assemblage, Plan 33-Story, 150-Unit Tower, DoBro

2:00 pm on November 5, 2015 By Reid Wilson

In July, Adam America Real Estate and Slate Property Group were in contract to acquire the development assemblage at 8-16 Nevins Street, in Downtown Brooklyn, and now the team has closed on the purchase, according to Crain’s. The developers paid $47.75 million for the site, and Vanke, a Chinese developer, is partnering to build a 33-story, 150-unit residential building. The tower will total 180,000 square feet, and retail space is also likely planned. Construction is expected to begin early next year, although multiple low-rise buildings must first be demolished.

625 Fulton Street

Rabsky Group To Acquire Large Development Site At 625 Fulton Street, DoBro

11:00 am on November 5, 2015 By Reid Wilson

Over a year ago, Forest City Ratner placed their Downtown Brooklyn development site, at 625 Fulton Street, on the market, and now Rabsky Group has agreed to purchase the property for $158 million, according to Commercial Observer. The site contains 600,000 square feet of development rights, and a residential tower is most likely, although plans for the site remain undisclosed. Until last year, the site was home to a seven-story, 359,000 square-foot office building.

7 West 21st Street

17-Story, 230-Unit Residential Building Tops Out At 7 West 21st Street, Flatiron District

6:30 am on November 5, 2015 By Reid Wilson

Earlier this year, Friedland Properties acquired financing for their 17-story, 230-unit residential building planned at 7 West 21st Street, in the Flatiron District. Now, the project has topped out, as seen in the above photos, courtesy of Tectonic. The block-thru development has street exposure on West 22nd and 21st Streets, and 8,210 square feet of retail space is planned on the ground floor. Fifty-eight of the residential units will rent at below-market rates. Morris Adjmi Architects designed the building, and completion is expected in 2016.

265 State Street

20-Story Mixed-Use Building Nears Topping Out At 265 State Street, Boerum Hill

6:00 am on November 5, 2015 By Reid Wilson

Back in July, YIMBY brought you a construction update on the 20-story project under construction at 265 State Street, in Boerum Hill. Since then, The Boerum has risen from four to 17 stories, as seen in the latest photos by Tectonic. Cladding installation has also begun on the lower levels. The building will have ground-floor retail space, a hotel on floors one through six, and 128 condominiums up top. Flank is designing and co-developing with the Carlyle Group, and completion is expected in 2016.

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