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.
Renderings have been revealed for the Beam Architects-designed 1205 Broadway, in Bushwick, Brooklyn. The exposed-bolt industrialist exterior plays at the building’s context of being across from the aboveground subway tracks.
Permits have been filed for a 20-story mixed-use structure at 540 West 21st Street, in Chelsea, Manhattan. The development should be an exciting addition to the burgeoning neighborhood surrounding the High Line Park.
Permits have been filed for a three-story commercial building at 136-21 Hillside Avenue, in Kew Gardens, Queens. The site is on the corner of Hillside Avenue and an exit from the Van Wyck Expressway. Two blocks away is the Jamaica-Van Wyck Subway Station, serviced by the E trains, and the Jamaica Long Island Railroad Train Station is a fifteen-minute walk away.
Renderings are out for 649 Grand Street, a six-story mixed-use building coming to Williamsburg, Brooklyn. The site is six blocks away from the Lorimer Street Subway Station, serviced by the L trains. It will be on a busy street in the neighborhood, with several bars and restaurants nearby. Two Kings Company is responsible for development.