Retail


Textile Building’s Addition and Gut Renovation Progresses at 295 Fifth Avenue in Midtown South, Manhattan

Construction has topped out on the two-story addition on the Textile Building, a 16-story commercial building at 295 Fifth Avenue in Midtown South, Manhattan. Designed by Studios Architecture and developed by Tribeca Investment Group, PGIM Real Estate, and Meadow Partners, the $350 million project involves the expansion and gut renovation of the 100-year-old structure, which is located between East 30th and East 31st Streets, a short walk to the Empire State Building. CBRE is handling marketing of the 700,000 square feet of updated office space.

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Construction Wraps Up on 167 Chrystie Street on Manhattan’s Lower East Side

Work is wrapping up on 167 Chrystie Street, a 16-story residential building on Manhattan’s Lower East Side. Designed by ODA Architects and developed by Be-Aviv and Nexus Building Development Group, Inc., the 77,000-square-foot, 170-foot-tall structure will yield 78 units, averaging 680 square feet apiece, as well as 4,600 square feet of ground-floor retail space. Danya Cebus Construction LLC is the general contractor for the project, which is being built between Rivington Street to the north and Delancey Street to the south, and Sara D. Roosevelt Park across Chrystie Street to the east.

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Brooklyn Borough President Eric Adams and 'The Fountains' project team celebrate the completion of construction- Photo by Gerri Hernandez

The Fountains Affordable Housing Complex Completes Construction in East New York, Brooklyn

Construction is now complete on The Fountains, a six-building affordable housing complex in East New York, Brooklyn. Developed by Long Island-based Arker Companies, which purchased the site for $10 million following a competitive request for proposal process facilitated by the Empire State Development Corporation, the development yields 1,163 affordable homes, commercial space, and a new public plaza.

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