Sunshine Cinema in the Lower East Side will soon be demolished to make room for a nine-story office building. Developers East End Capital and K Property Group have secured some $90 million in financing to fulfill their proposal at 141 East Houston Street. According to Crain’s Business, the development partners obtained a $67 million construction loan from CapitalSource and $19 million of mezzanine financing from Canyon Partners.
A new pair of residential towers at 22-44 Jackson Avenue is rising from the former home of the colorfully eye-catching street art space, 5Pointz warehouse. The buildings are topped out over Long Island City, Queens and are making their mark on the neighborhood’s growing skyline. The elevated 7 train curves around the construction site toward the Court Square station, just across the street from the massive 1,115-unit development. The complex is being designed by HTO Architects while G&M Realty is the developer. Mojo Stumer Associates is in charge of the interior design, which will feature a 5Pointz homage, a graffiti-style logo, and similar artwork around the interiors.
Permits have been filed for a seven-story mixed-use building at 321 Church Street in Tribeca, Manhattan. Located between Lispenard Street and Canal Street, the lot is one block from the Canal Street subway station on Broadway, serviced by the N, W, Q, and R trains. Peter Matera of Urban Standard Capital is listed as the owner behind the applications.
An updated preliminary rendering has been revealed for 41-05 29th Street. The site is located in Long Island City, Queens and will eventually be home to a 24-story mixed-use residential development with ground-floor retail. An excavator and a piling machine were also seen on the triangular corner lot. The property sits at the confluence of 29th Street and 41st Avenue and also happens to be located across the street from Queens Plaza Park, which will become the second-tallest building in the downtown neighborhood upon completion. The tower at 41-05 29th Street is being designed by Fogarty Finger and developed by SB Development Group.
Progress at 43-12 Hunter Street, now referred to as Triangle, has been moving along since the residential building recently topped out over Long Island City. The exterior curtain wall panels are about to reach the main setback near the halfway point of the 18-story reinforced concrete tower. The project is being designed by SLCE Architects and developed by Rockrose Development, which purchased the site for $1 million all the way back in 2006. Slade Architecture is in charge of the interior design.