One Boerum Place’s Superstructure Quickly Rising in Downtown Brooklyn

The angular reinforced concrete superstructure of One Boerum Place is rapidly taking shape in Downtown Brooklyn. Located on a narrow site bound by Boerum Place, Red Hook Lane, and Fulton Street, the mixed-use condominium building will eventually top out at 21 stories. The project is being designed by SLCE Architects and developed by Avery Hall InvestmentsAllegra Holdings, and Aria Development Group, which acquired a $165 million construction loan from Jutland Finance. One Boerum Place is expected to cost around $250 million.

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Rendering of 57 Alexander Street - Rose Associates

Yonkers IDA Approves $177.3 Million in Construction Financing for 57 Alexander Street

Construction is expected to break ground soon at 57 Alexander Street, a 440-unit residential building in Yonkers, New York, following approvals for a major financing package valued at $177.3 million. The deal was approved by the Yonkers Industrial Development Agency, a public benefit corporation that provides business incentives to enhance economic growth in the City of Yonkers.

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