At the corner of Pontiac Place and Jackson Avenue in the Melrose section of the South Bronx, a new building application has been filed for a six-story mixed-use building with ground floor retail and community space.
National Resources has received $12.5 million in financing from CIT Real Estate Finance to begin construction of Phase II of The Pearl, on the southern end of Edgewater, New Jersey. Given what has already been built, three residential buildings of five or six stories are likely in the works; phase II will total 63 residential units, per Commercial Observer.
Property owner Jack Schwartz has filed applications for two four-story, four-unit residential buildings spanning the vacant lots 1520-1522 48th Street, in central Borough Park. AA Buildings & Inspection Services, the concrete contractor, is the architect of record, and in 2009, a three-story residential structure was demolished.
Per The New York Times, Sorgente Group is converting the five-story commercial loft building at 60-66 White Street, in Tribeca, into eight luxury units. Interior work is underway, and the building will be renovated to environmentally friendly standards. Multiple units are already in contract, and completion is expected by 2016.
The current crop of supertalls at 111 and 217 West 57th Street aren’t yet above ground level, but Extell is already in talks for their next major development along New York’s newly-minted Billionaire’s Row, at 123 West 57th Street. YIMBY’s sources confirm that the firm has emerged as the finalist in talks for the site, comprising the Calvary Baptist Church and the Salisbury Hotel, and we have also procured massing diagrams produced by another developer that was formerly in contention for the building.
