JBA Equities has successfully arranged a $38 million deal in construction financing for a ground-up rental building in Greenpoint, Brooklyn. The 11-story development will include 80 residential units, 4,828 square feet of retail space, and 34 parking spaces.
YIMBY recently went on a hard hat tour of One Willoughby Square, aka 420 Albee Square in Downtown Brooklyn, which is on track to become the tallest new office building in the borough. The 495-foot-tall building, which will contain 500,000 square feet of Class A office space across 34 stories, is being designed by FXCollaborative and developed by JEMB Realty. Gilbane Development Company is in charge of the construction progress.
Construction of 540 Fulton Street is climbing past the first residential floors. The Downtown Brooklyn project site will stand as a 511-foot- tall, 43-story high, mixed-use skyscraper. It is being designed by Marvel Architects and developed by Jenel Management. The building will yield about 330,000 square feet, with 71,844 square feet allocated to commercial space and 22,054 square feet designated for retail on the lower floors. The remaining 239,142 square feet will be occupied by the residential homes.
Design firm Z Architecture has revealed new renderings of its six-story mixed-use building currently under construction at 1259 Bedford Avenue in Bedford-Stuyvesant, Brooklyn. Tower Real Estate Investments with developer Michael Reihanian filed permits earlier this month for the corner property that will eventually comprise 47,445 square feet.
Permits have been filed for a five-story mixed-use building at 450 Warren Street in Boerum Hill, Brooklyn. Located between Bond Street and Nevins Street, the lot is two blocks east of the Bergen Street subway station, serviced by the F and G trains. Tankhouse, a New York-based design-development firm, is listed as the owner behind the applications.