New York

150 Rivington Street rooftop, design by GLUCK+

Construction Update, New Renderings for 150 Rivington Street, Lower East Side, Manhattan

7:30 am on January 8, 2018 By Andrew Nelson

A new seven-story residential building is starting to rise above its townhouse neighbors on the Lower East Side of Manhattan. 150 Rivington Street is located in a quiet spot of the bustling neighborhood, three blocks away from the Delancey-Essex Street Subway Station, serviced by the F, J, M, and Z trains. Cogswell Lee Development will be responsible for the development, which replaces the old Streitz Matzo Factory.

Permits Filed for 219 Hudson Street, SoHo

7:00 am on January 8, 2018 By Andrew Nelson

Permits have been filed for a 10-story mixed-use building at 219 Hudson Street, in SoHo. The site is two blocks away from two Canal Street Subway Stations, serviced collectively by the A, C, E, 1 and 2 trains. YIMBY last reported on the site in October 2015, when Joel Braver of Express Builders JB purchased the site for $13.2 million. The firm has retained ownership and will be responsible for development.

Permits Filed for 40-06 68th Street, Woodside, Queens

6:30 am on January 8, 2018 By Andrew Nelson

Permits have been filed for a six-story mixed-use building at 40-06 68^th Street, in Woodside, Queens. The site is a block away from the 69^th Street Fisk Avenue Subway Station, serviced by the 7 train, and six blocks away from the 65^th Street Station, serviced by the E, M, and R trains. Tim Chan will be responsible for the development.

Permits Filed for 72 Caton Place, Windsor Terrace, Brooklyn

6:00 am on January 8, 2018 By Andrew Nelson

Permits have been filed for an eight-story commercial facility at 72 Caton Place, in Windsor Terrace, Brooklyn. The site is half a block away from the southern end of Prospect Park. Six blocks away is the Fort Hamilton Parkway, serviced by the F and G trains. Bobby Dweck of JEMB Realty will be responsible for the design.

140 West 28th Street, rendering by Gene Kaufman

Kaufman’s Latest 45-Story Hotel at 140 West 28th Street Revealed, Receives $121 Million for Construction Funding, Chelsea

8:00 am on January 5, 2018 By Andrew Nelson

Eastern Consolidated has secured a $121.35 million debt and equity package for 140 West 28^th Street, a 45-story, 526-key hotel set to rise in Chelsea. The deal is comprised of two sources, which are $97.5 million for the mortgage with Bank of the Ozarks, and $23.85 million for mezzanine construction by Square Mile Capital Management.

885 Grand Street, design by Oaklander, Coogan & Vitto Architects

Loan Acquired, Rendering Revealed for 885 Grand Street, East Williamsburg, Brooklyn

7:00 am on January 5, 2018 By Andrew Nelson

Plans for a new eight-story apartment building at 885 Grand Street in East Williamsburg are moving ahead after the joint venture of Lemle & Wolff Development Co. and Alphonso Milo secured a $12.85 million construction loan from Sterling National Bank. Today, YIMBY also has the first rendering for the project.

24 Second Avenue, image by Andrew Campbell Nelson

24 2nd Avenue Nears Completion in the East Village, Manhattan

6:30 am on January 5, 2018 By Andrew Nelson

A new mixed-use condominium building is racing toward completion in the East Village of Manhattan. 24 2^nd Avenue has topped out at the 10^th story, with nearly all window installation now complete. Permits were filed for the structure in mid-2015, replacing East Village’s last gas station. AORE Capital is responsible for the development.

Permits Filed for 179 4th Avenue, Park Slope, Brooklyn

6:00 am on January 5, 2018 By Andrew Nelson

Permits have been filed for an 11-story mixed-use building at 179 4^th Avenue, on the border of Park Slope and Gowanus, in Brooklyn. The site is just two blocks away from the Union Street Subway Station, serviced by the D and R trains. The Whole Foods Market right on the Gowanus Canal is also nine blocks away. Vanguard Investors will be responsible for the development.

10 Hudson Yards, image by Andrew Campbell Nelson

10 Hudson Yards Fully Occupied With 6,000 Workers, Achieves LEED-Platinum Certification

8:00 am on January 4, 2018 By Andrew Nelson

The first commercial tower to open in Hudson Yards, 10 Hudson Yards, is still making headlines, having now achieved LEED-Platinum certification from the U.S. Green Building Council. This surpasses original expectations of a LEED-Gold Certificate. Developers Related Companies and Oxford Properties Group announced that this is the first commercial building in New York City to receive the award since the LEED v2009 rating system was established.

Site 4 North of Essex Crossing, 180 Broome Street, rendering by Handel Architects

$200 Million Construction Loan Secured for 180 Broome Street, Essex Crossing, Lower East Side

7:30 am on January 4, 2018 By Andrew Nelson

Delancey Street Associates has closed a deal for funding the construction of 180 Broome Street, on the Lower East Side. The capital comes from Wells Fargo and M&T Bank, along with equity from DSA and Goldman Sachs Urban Investment Group. The loan secures $200 Million out of the projected total construction cost of $300 million. Essex Crossing is being developed by Delancey Street Associates, which is comprised of BFC Partners, L+M Development Partners, Taconic Investment Partners, and Goldman Sachs.

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