The Moinian Group and Bushburg have successfully closed on a $105 million construction loan to complete 2840 Atlantic Avenue, a rising property in East New York, Brooklyn that will include residential and affordable housing units, community space, lower-level retail, and 109 parking spaces.
Extell Development has broken ground on Hudson Piers, a $585 million project that will rank among the largest mixed-use developments in Westchester. Located on the Hudson River waterfront in Yonkers, Hudson Piers will yield a mix of market-rate housing, affordable apartments, and retail space, and will be completed in multiple phases over a six-year period.
New York City mayor Eric Adams kicked off a weekend-long grand opening celebration for Caton Flats, a new mixed-use development with 255 affordable homes, a revitalized and expanded Flatbush Central Caribbean Marketplace, and 20,000 square feet of community space. Located at 800 Flatbush Avenue in Flatbush, Brooklyn, the development team includes BRP Companies, Urbane, the New York City Economic Development Corporation, the Department of Housing Preservation and Development (HPD), and the Housing Development Corporation (HDC).
Construction has passed the halfway mark on The Huron, a 13-story two-tower residential complex at 29 Huron Street in Greenpoint, Brooklyn. Designed by Morris Adjmi Architects and developed by Quadrum Global, the buildings will yield 171 units in studio to four-bedroom layouts and will be connected by a shared podium with 30,000 square feet of amenities. Ryan Serhant of SERHANT is marketing the condominiums at the property, which is bound by Huron Street to the south, West Street to the east, Green Street to the north, and the East River directly to the west.
Excavation has begun at 571-577 Pavonia Avenue, the site of Journal Square Urby, a 25-story residential tower in the Journal Square section of Jersey City. Designed by HLW Architects and Amsterdam-based studio Concrete and developed by Ironstate Development, Panepinto Properties, and Kimmel, the 265-foot-tall structure will yield 317 residential units, a 2,607-square-foot cafe on the ground level, and 1,349 square feet of office space. The property is alternately addressed as 532 Summit Avenue and is located at the corner of Pavonia and Summit Avenues, a short walk from the Journal Square PATH station.