Seven months after the Galleria Mall in White Plains closed its doors, developers have revealed a seven-building residential complex to replace the shuttered building. The development team includes Pacific Retail Capital Partners (PRCP), The Cappelli Organization, SL Green Realty Corporation, and Aareal Bank.
Construction has topped out on 1 Park Row, a 23-story mixed-use building in Lower Manhattan’s Financial District. Designed by Fogarty Finger Architects and developed by Circle F Capital, which received a $90 million construction loan from Parkview Financial in 2021, the 305-foot-tall structure will yield 103,000 square feet with 58 condominium units in one- to three-bedroom layouts, along with 19,000 square feet of office and retail space on the lower levels. Cauldwell Wingate is the general contractor and 1 Park Row Development LLC is the owner of the property, which is located at the intersection of Park Row and Ann Street, directly across the southern tip of City Hall Park. Paris Forino is the interior designer and Ryan Serhant of SERHANT is leading sales and marketing.
Haussmann Development and Kriss Capital have secured a $38.5 million construction loan to complete a seven-story rental property at 827 Sterling Place in Crown Heights, Brooklyn. Designed by Issac & Stern Architects, the structure will yield 76 apartments, with 23 designated as affordable housing and financed through the now-expired 421-a tax abatement program. The property is located between Rogers and Nostrand Avenues.
The affordable housing lottery has launched for The Stockton, an eight-story residential building at 912 Broadway in Stuyvesant Heights, Brooklyn. Designed by Zproekt Architecture, the structure yields 81 residences. Available on NYC Housing Connect are four units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $102,652 to $198,250.
Façade installation is nearing completion on Waterside at Xchange, a 25-story residential building in Secaucus, New Jersey. Designed by Perkins Eastman and developed by Fraternity Meadows, the 250,000-square-foot structure is also known as Building G in the 60-acre Xchange at Secaucus Junction complex and will yield 403 residences next to a four-story parking garage. Waterside at Xchange is the tallest component in the 1,538-unit transit-oriented master plan, and is located on a formerly undeveloped plot of land between the Hackensack River and Brianna Lane.
