Sanz Management has closed on $52.5 million to complete The Braddock, a 135-unit rental property in North Bergen, New Jersey. The development site is located at 8619 Bergenline Avenue and will also include a 152-vehicle parking garage and 2,400 square feet of retail space.
Renovation work is complete on 604 Fifth Avenue, a six-story commercial building in Midtown, Manhattan. Designed by William Van Alen, architect of the Chrysler Building, the 65-foot-tall structure opened as the Childs Building in 1924 and most recently housed an 18,000-square-foot TGI Fridays. Japanese confectioner Minamoto Kitchoan purchased the property from The Riese Organization for $45 million in April 2021 for its new flagship store. Andrew Pettit Architect was the designer and Cross Management Corp. was the general contractor for the interior and exterior renovation project, which is located between East 48th and 49th Streets.
Jersey City officials have revealed plans to redevelop an aging public housing property into a mixed-use, mixed-income complex in the city’s downtown area. Known as The Holland Gardens Revitalization Plan, the project team includes the Jersey City Housing Authority (JCHA), PS&S Architects, and WinnDevelopment, a Boston-based subsidiary of real estate investment firm Winn Companies.
YIMBY spotted a series of new exterior renderings for 45 Broad Street, a long-stalled site located in the Financial District of Lower Manhattan. Originally designed by CetraRuddy and developed by Madison Equities and Gemdale Properties, the formerly planned 1,115-foot supertall residential skyscraper appears to have a new and shorter undisclosed architectural height with a completely new design by Handel Architects. Lendlease will be the general contractor and take over from Pizzarotti LLC for the ground-up development, which will have 221,000 square feet of rentable space, 302 units most likely being condominiums, and 52 floors built atop a narrow interior lot between Exchange Place and Beaver Street.
Construction is nearing completion on 155-165 West 29th Street, a 17-story self-storage facility in Chelsea, Manhattan. Designed by Mancini Duffy and developed by Highland Development Ventures and The Davis Companies, the 223-foot-tall reinforced concrete structure will yield 180,000 square feet and 6,300 storage units. The developers acquired the interior rectangular in early 2021 for $62.5 million, and construction costs are estimated around $84 million. Div West 29th Street LLC is the owner, Cauldwell Wingate is the contractor, and McNamara Salvia is the structural engineer for the property, which is located between Sixth and Seventh Avenues.
