New York


Excavation Begins For One Boerum Place, in Downtown Brooklyn

Excavation has begun for One Boerum Place in Downtown Brooklyn. The upcoming ground-up, mixed-use condominium tower will rise 21 stories on a narrow, triangular-shaped plot of land. The site is bound by Boerum Place, Red Hook Lane, and Fulton Street. SLCE Architects is the designer while Avery Hall Investments, Allegra Holdings, and Aria Development Group are the developers. The joint venture team was recently able to acquire a $165 million construction loan from Jutland Finance. The total cost of One Boerum Place is expected to be around $250 million.

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Construction at David Adjaye’s 130 William Street Reaches Final Two Floors, in the Financial District

Construction at 130 William Street is two floors from topping out over the Financial District. The upcoming condominium tower is the first project in New York City by Sir David Adjaye of Adjaye AssociatesHill West Architects is the architect of record while Lightstone Group is the developer. The 66-story development will rise 800 feet tall and yield 244 units marketed by Corcoran Sunshine.

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