Renovation work is progressing on the Watermark at Brooklyn Heights at 21 Clark Street. Developed in collaboration by Watermark Retirement Communities and Kayne Anderson Real Estate, the project will debut as senior housing with 275 newly renovated residences. Located in the heart of Brooklyn Heights, the 16-story, 310,000-square-foot property was originally constructed in 1928 as the Leverich Towers Hotel. In 1975, Watchtower purchased the property as housing for its local Jehovah Witness volunteer force and began to restore the intricate architectural features that defined the building.
Montroy Andersen DeMarco
Nivneh Capital Group has unveiled renderings of a new charter school in the Woodstock section of The Bronx. The development is located at 671 Prospect Avenue and will eventually span 39,000 square feet following the expansion of an existing commercial property on the site.
Tribeca Associates is currently conducting a $30 million renovation of the 47-story, 470,000-square-foot office tower, known as the Continental Bank Building, at 30 Broad Street in the Financial District. Architecture firms Montroy Andersen DeMarco and Jun Aizaki Architecture & Design are behind the renovation.
Though the weather is cooling down, it isn’t putting a damper on new development in Long Island City. On Wednesday, a new 10-story, 102,292-square-foot mixed-use building topped out at 37-14 36th Street, located between Northern Boulevard and 37th Avenue in the Dutch Kills section of the neighborhood.
The four-story, 60,000-square-foot industrial building at 47-16 Austell Place, in southern Long Island City, has recently been converted for a variety of commercial uses, according to Commercial Observer. It hosts 10,000 square feet of ground floor retail space, of which a food café has already leased a portion. The floors above, with floor plates of 16,000 square feet, are geared towards office tenants and community facility uses. Joffrey Ballet Center, a dance school, has leased the fourth floor. Upgrades made to the building include renovations to the interior, a new roof, a revitalized façade with new windows, and a redesigned lobby. A rooftop lounge with landscaping is also being built and is expected to be complete in early 2017. The Vanbarton Group, which purchased the property for $7.7 million in 2015, is the developer. Montroy Andersen DeMarco is the architect.