Camber Property Group has completed a $105 million acquisition of three Project Based Section 8 affordable housing complexes formerly owned by Omni New York. The three properties include Grace Towers, a 168-unit building in East New York, Brooklyn; Target V Apartments in the Morris Heights section of The Bronx; and Madson Apartments in East Harlem.
Permits have been filed for a 12-story mixed-use residential building at 130 East 177th Street in Mount Hope, The Bronx. Located between Morris Avenue and Grand Concourse, the interior lot is two blocks south from the Tremont Avenue subway station, serviced by the B and D trains. FHMC Inc, a third party real estate and financial arm of The Postgraduate Center for Mental Health, is listed as the owner behind the applications.
Construction is nearing the halfway mark on TSX Broadway, a 46-story hotel at 1568 Broadway in the heart of Times Square. Designed by PBDW Architects, Mancini Duffy, and Perkins Eastman and developed by L&L Holding Company, Maefield Development, and Fortress Investment Group, the 470-foot-tall structure will yield 550,000 square feet at the corner of Seventh Avenue and West 47th Street. The project involved the nearly full demolition of the former DoubleTree Suites by Hilton and the full restoration and 30-foot lifting of Kirchoff & Rose’s 1,700-seat, 108-year-old Palace Theater. Pavarini McGovern is in charge of construction for the property, which will feature ten floors of retail space and is slated to cost around $2.5 billion with a capacity to serve 15 million annual visitors.
Construction is rising on the Warren Street Hotel, an 11-story hotel building at 86 Warren Street in Tribeca. Designed by Stonehill & Taylor Architects and developed by Solil Management, the 135-foot-tall structure will yield 44,000 square feet with 70 guest rooms operated by Firmdale Hotels, a restaurant, a drawing room, an orangery, a bar, and a private event space. Pavarini McGovern, LLC is the general contractor, Kit Kemp is the interior designer, and Paul Taylor under the Warren Street Hotel LLC is the owner behind the previously filed permit applications for the project, which is located between Greenwich Street and West Broadway.
Orlando Development this week revealed 62 Mason Street, a new boutique condominium property in Greenwich, Connecticut. Following meticulous restoration and remodeling, the property now comprises seven residences, each with private outdoor space, 11-foot ceiling spans, and oversized windows to maximize the flow of natural light. With each purchase, owners will also receive two dedicated parking spaces and private storage.
