Tribeca Investment Group, Meadow Partners, and PGIM Real Estate have secured $150 million in construction financing to complete a commercial modernization project at 295 Fifth Avenue in Midtown, Manhattan. Construction recently completed on a penthouse addition, bringing the structure to 19 stories and 710,000 square feet.
Permits have been filed for a seven-story mixed-use building at 307 Sixth Avenue in Greenwich Village, Manhattan. Located between Carmine Street and Cornelia Street, the lot is two blocks from the West 4th Street-Washington Square subway station, serviced by the A, B, C, D, E, F, and M trains. William Schneider under the 307-309 Sixth Avenue LLC is listed as the owner behind the applications.
Permits have been filed to expand a two-story structure into a four-story mixed-use building at 97 Seigel Street in Williamsburg, Brooklyn. Located between Graham Avenue and Manhattan Avenue, the lot is near the Lorimer Street subway station, serviced by the M and J trains. Herman Jakob under the West Street Gardens LLC is listed as the owner behind the applications.
Rounding out our Turkey Week rundown of stalled projects is Three Hudson Boulevard, a planned 56-story commercial skyscraper in the Hudson Yards district. Designed by FXCollaborative and developed by Boston Properties and The Moinian Group, the $3 billion project is planned to stand around 940 feet tall and yield 1.86 million square feet of office space, but has been on hold since early 2020. The plot occupies a full block bound by West 35th Street to the north, West 34th Street to the south, Bella Abzug Park to the east, and Eleventh Avenue to the west.
Naftali Group and Access Industries have closed on a $375 million construction loan to complete a three-tower development at 470-490 Kent Avenue in South Williamsburg, Brooklyn. Designed by Hill West Architects, the buildings will sit on the East River waterfront and top out at 16, 21, and 22 stories.
