New York

Red Hook Innovation Studios

Developer Seeking Investment Partner For Red Hook Innovation Studios, Office Complex In Red Hook

10:00 am on August 18, 2015 By Reid Wilson

In October 2014, YIMBY revealed renderings of a multi-block, nearly 1.2-million square-foot office complex at 68 Ferris Street, in Red Hook, and since then, the Milan, Italy-based developer Est4te Four has been assembling the properties for the development. Now, Cushman & Wakefield has been tasked to market a 49% stake in the project, according to Crain’s. The project could break ground next year and is expected to be built over five years, featuring new-construction buildings and warehouse conversions. NBBJ is designing.

470 4th Avenue

12-Story, 105-Unit Mixed-Use Building Rising At 470 Fourth Avenue, Gowanus

6:30 am on August 18, 2015 By Reid Wilson

In 2014, YIMBY brought you new renderings of the 12-story, 105-unit mixed-use building planned at 470 4th Avenue/237 11th Street, in Gowanus, and now Brownstoner reports the building is four stories above ground, and rising. Adam America, Slate Property Group and Naveh Shuster Group are developing, while Aufgang Architects is designing. The project, located a block from subway stops for the F, G and R trains, will include 5,260 square feet of retail space on the ground floor, and a 2017 completion date appears likely.

6 Water Street

29-Story, 249-Key Hotel Finally Rising At 6 Water Street, Financial District

6:00 am on August 18, 2015 By Reid Wilson

In February of 2014, YIMBY reported on filings for a 29-story, 249-key hotel at 6 Water Street, in the Financial District, and later that year, revealed an on-site rendering of the project, which is being designed by Gene Kaufman. Courtesy of a YIMBY reader, photos confirm the building is finally rising, and it’s now one floor above street level. Rhode Island-based Magna Hospitality Group is developing, after acquiring the site from prolific hotel builder Sam Chang last year for $44.3 million. Signage indicates an anticipated completion date of this coming winter, though that would seem unlikely.

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