Commercial

Textile Building’s Addition and Gut Renovation Progresses at 295 Fifth Avenue in Midtown South, Manhattan

Construction has topped out on the two-story addition on the Textile Building, a 16-story commercial building at 295 Fifth Avenue in Midtown South, Manhattan. Designed by Studios Architecture and developed by Tribeca Investment Group, PGIM Real Estate, and Meadow Partners, the $350 million project involves the expansion and gut renovation of the 100-year-old structure, which is located between East 30th and East 31st Streets, a short walk to the Empire State Building. CBRE is handling marketing of the 700,000 square feet of updated office space.

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Brooklyn Borough President Eric Adams and 'The Fountains' project team celebrate the completion of construction- Photo by Gerri Hernandez

The Fountains Affordable Housing Complex Completes Construction in East New York, Brooklyn

Construction is now complete on The Fountains, a six-building affordable housing complex in East New York, Brooklyn. Developed by Long Island-based Arker Companies, which purchased the site for $10 million following a competitive request for proposal process facilitated by the Empire State Development Corporation, the development yields 1,163 affordable homes, commercial space, and a new public plaza.

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Rendering of 141 East Houston Street

141 East Houston Street’s Glass Façade Revealed from Scaffolding on Manhattan’s Lower East Side

Exterior work is nearing completion on 141 East Houston Street, a ten-story mixed-use building on Manhattan’s Lower East Side. Designed by Roger Ferris + Partners for East End Capital and K Property Group, the 68,000-square-foot structure will yield offices and retail space on the ground floor and two cellar levels. CM & Associates is the general contractor for the property, which is located between Forsyth Street to the west and Eldridge Street to the east on a plot formerly occupied by the Sunshine Cinema.

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