Hope Street Capital has closed on a $55 million construction loan to finance the completion of a new seven-story residential building in Crown Heights, Brooklyn. The property is located at 959 Sterling Place on a property formerly owned by the Hebron Seventh Day Adventist School, a New York City landmark completed in 1889.
Permits have been filed for a five-story mixed-use building at 263 Prospect Avenue, site of the former Grand Prospect Hall reception hall in Greenwood Heights, Brooklyn. Located between 5th and 6th Avenues, the lot is one block from of the Prospect Avenue subway station, serviced by the R train. George Rigas is listed as the owner behind the applications. The reception hall sold for $22.5 million to Gowanus Cubes, an LLC operated by Angelo Rigas.
Permits have been filed for an eight-story mixed-use building at 1506 Southern Boulevard in Crotona Park East, The Bronx. Located between East 172nd Street and Jennings Street, the lot is two blocks north of the Freeman Street subway station, serviced by the 2 and 5 trains. Abdul Kayum is listed as the owner behind the applications.
New renderings have been spotted for Two World Trade Center, the final component of the 16-acre World Trade Center complex at 200 Greenwich Street in the Financial District. Designed by Norman Foster of Foster + Partners and developed by Silverstein Properties, the commercial supertall will rise from a foundation built in the early 2010s before work stalled on the initial iteration of the tower. The full-block parcel is bound by Greenwich Street to the west, Vesey Street to the north, Church Street to the east, and Fulton Street to the south. The site is currently being used as a secondary entrance to the PATH trains and subway lines and the Westfield World Trade Center mall within Santiago Calatrava Architects‘ Oculus, and an outdoor beer garden along Church Street surrounded by colorful commissioned murals on the corrugated metal and exposed ventilation ducts.
Excavation work is set to begin at 52 Fourth Avenue, the site of a nine-story residential building in Boerum Hill, Brooklyn. Designed by Gertler & Wente Architects and developed by Metropolitan Realty Exemptions under the RJ 4th Avenue LLC, the 55,000-square-foot structure will yield 52 rental apartments averaging 775 square feet apiece, as well as a cellar and ground-floor retail space. It was last reported that the units will come in a mix of one- and two-bedroom layouts and a select number of apartments will have their own private outdoor spaces. There will be four penthouses on the upper levels, each with its own outdoor space. Real Land Group is the general contractor for the property, which is located at the corner of Dean Street and Fourth Avenue.
