Downtown

Rendering of 570 Washington Street. Designed by CookFox and SLCE

New Financing Secured For 570 Washington Street In West Village, Manhattan

7:00 am on July 30, 2024 By Max Gillespie

Jonathan Rose Companies and Atlas Capital Group recently announced the closing of financing for 570 Washington Street, a 180,000-square-foot residential development in Manhattan’s West Village. The project will provide 175 units of affordable senior housing, available to households earning 50 percent of the area median income and below.<

Developer Secures $13.4 Million Mezzanine Loan For 813-815 Broadway In Greenwich Village, Manhattan

7:30 am on July 26, 2024 By Max Gillespie

Naftali Credit Partners has issued a $13.4 million mezzanine loan for the development of 813-815 Broadway, a new residential property in Greenwich Village, Manhattan. The loan is part of the $31.4 million in mezzanine financing recently issued by Naftali to Magnum Real Estate Group, the project’s developer.

Photograph of 580 Broadway, courtesy of Great Ink Media Relations

580 Broadway Closes On Refinancing Deal In Soho, Manhattan

7:00 am on July 21, 2024 By Max Gillespie

IPA Capital Markets, a division of Marcus & Millichap, announced the refinancing of 580 Broadway, a 12-story Class A office and retail property located in Soho, Manhattan. The refinancing package totaled $50 million. The building was constructed in 1900 and is located between Houston and Prince Streets. Maxi Capital Group, Sabal Investment Holdings, and GDSNY provided the $50 million office loan for the project.

Vertical Progress Imminent For Two-Tower Complex At 80 Clarkson Street in West Village, Manhattan

8:00 am on July 18, 2024 By Michael Young and Matt Pruznick

Construction is about to go vertical at 80 Clarkson Street, an upcoming 29- and 36-story residential complex along the Hudson River waterfront in Manhattan’s West Village. Designed by COOKFOX Architects with SLCE Architects as the architect of record and developed by Zeckendorf Development, Atlas Capital Group, and The Baupost Group, the 400- and 450-foot tall buildings will yield around 650,000 square feet of space with 100 condominium units, nearly 37,000 square feet of ground-floor retail space, and enclosed parking for 69 vehicles. ACI VI Clarkson LLC is the owner and Suffolk Construction is the general contractor of the 1.3-acre, $1.25 billion development, which is bound by Clarkson Street to the north, West Houston Street to the south, West Street to the west, and a shorter and separate 19-story structure at 570 Washington Street rising on the same city block along Washington Street to the east. The sales team for 80 Clarkson Street will be led by Dan Tubb and Amy Williamson.

1 Wall Street Banking Room Interior Designated a Landmark in Financial District, Manhattan

7:00 am on July 7, 2024 By Max Gillespie

The New York City Landmarks Preservation Commission has unanimously voted to designate the 1 Wall Street Banking Room Interior, also known as the Red Room, as a landmark in Manhattan’s Financial District. Completed in 1931, this unique and elaborately tiled space served as a reception room and banking hall for the Irving Trust and Bank Company. The Red Room represents the work of architect Ralph Walker and muralist Hildreth Meière.

Brookfield Secures Long-Term Loan Extension One Liberty Plaza in the Financial District of Manhattan

7:30 am on June 26, 2024 By Max Gillespie

Brookfield Properties recently secured a $750 million long-term loan extension for One Liberty Plaza, a 54-story office skyscraper at 165 Broadway in Manhattan‘s Financial District. The loan was provided by a collection of lenders, including Morgan Stanley.

New Museum at 235 Bowery, Rendering via OMA Instagram

New Museum’s Expansion Takes Shape at 231 Bowery on Manhattan’s Lower East Side

8:00 am on June 20, 2024 By Michael Young and Matt Pruznick

Construction is progressing on the New Museum‘s seven-story expansion at 231 Bowery in the Bowery section of Manhattan’s Lower East Side. Designed by Rem Koolhaas and Shohei Shigematsu of OMA and Cooper Robertson & Partners, the 174-foot-tall annex is rising directly to the south of the SANAA-designed main building, which was originally completed in 2007, and will almost double the institution’s footprint to 115,277 square feet. The 60,000-square-foot addition will connect laterally connect to the current museum and add three gallery floors, an 80-seat restaurant, a larger bookstore, and office space for staff, among other spaces. The property is located at the intersection of Bowery and Spring Street.

14+C Reaches Street Level at 644 East 14th Street in Manhattan’s East Village

8:00 am on June 16, 2024 By Michael Young and Matt Pruznick

Construction has reached street level on 14+C, a 24-story residential building at 644 East 14th Street in the Alphabet City section of Manhattan’s East Village. Designed by Fischer + Makooi Architects and developed by Madison Realty Capital, the 200,000-square-foot structure will yield 196 rental units in studio to two-bedroom layouts, with an undisclosed portion reserved for affordable housing, as well as ground-floor retail space. The property is located at the corner of East 14th Street and Avenue C.

139 Bowery Completes Construction on Manhattan’s Lower East Side

7:30 am on June 10, 2024 By Michael Young and Matt Pruznick

Construction is complete on 139 Bowery, a 14-story mixed-use building in the Bowery section of Manhattan’s Lower East Side. Designed by Raymond Chan Architects and developed by Hung Kwong Leung through the Global Joint Venture, Inc., the structure spans nearly 59,000 square feet and yields 18 condominium units, as well as 14 office units and ground-floor retail space. The project is located on a relatively narrow plot between Broome and Grand Streets, across from the historic Bowery Savings Bank building.

Façade Installation Takes Shape on 59 Henry Street in Two Bridges, Manhattan

7:30 am on June 2, 2024 By Michael Young

Façade installation is taking shape on 59 Henry Street, a 19-story mixed-use building in Two Bridges, Manhattan. Designed by S9 Architecture and developed by W & L Group, the 227-foot-tall structure will span nearly 98,000 square feet and yield 80 rental units with an average scope of 714 square feet, as well as 40,305 square feet of community facility space on the first five stories, 26 enclosed parking spaces, a penthouse, and a cellar level. The property is located on a 17,500-square-foot interior lot between Catherine and Market Streets.

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