Commercial

Rendering of 2856 Webster Avenue - Douglaston Development

12,000-Square-Foot Supermarket Revealed for New Affordable Housing Complex in Bedford Park, The Bronx

7:00 am on July 28, 2021 By Sebastian Morris

The next phase of development at 2856 Webster Avenue, a new affordable housing complex in Bedford Park, The Bronx will introduce a sprawling new grocery store operated by Cherry Valley Marketplace. The retailer has committed to operate under guidelines established New York City’s Food Retail Expansion to Support Heath (FRESH) program, which promotes the establishment and retention of grocery stores that dedicate required selling space to perishable food items within underserved communities.

Aerial render of Queens Plaza Park looking west towards Manhattan, from The Durst Organization

Sven Wraps Up Construction at 29-37 41st Avenue in Long Island City, Queens

8:00 am on July 27, 2021 By Michael Young

It looks like construction is coming to a close on Sven, a 762-foot-tall skyscraper at 29-37 41st Avenue and the second-tallest building in Long Island City, Queens. Also known as Queens Plaza Park, the 67-story tower is designed by Handel Architects for The Durst Organization and will yield 958 rental units with interiors designed by Selldorf Architects, including 300 units set aside as affordable housing. Hunter Roberts is the general contractor and Jaros, Baum & Bolles Engineering administered the mechanical systems for the project, which is bound by Northern Boulevard to the east, Queens Plaza North and Dutch Kills Green to the south, and 41st Avenue to the west.

Rendering of Terminal Warehouse at 11th Avenue (Credit: COOKFOX)

$1.25B Financing Package Secured to Complete Terminal Warehouse Redevelopment in Chelsea, Manhattan

7:00 am on July 27, 2021 By Sebastian Morris

L&L Holding Company and Columbia Property Trust have successfully closed on $1.25 billion in construction financing to complete a commercial overhaul of Terminal Warehouse in Chelsea, Manhattan. Led by COOKFOX Architects, the property will eventually house a mix of Class A office suites, retail space, and dining area.

45-18 Court Square’s Restoration and Addition Approaches Completion in Long Island City, Queens

7:30 am on July 26, 2021 By Michael Young

Façade work is progressing toward completion on the Innolabs life science facility at 45-18 Court Square in Long Island City, Queens. Designed by Perkins + Will and developed by King Street Properties, Newmark Knight Frank, and GFP Real Estate, the project involves the restoration of a central building and construction of a six-story addition in multiple wings. The property is located just south of Jackson Avenue between Court Square West and Pearson Street, a short walk from the Court Square subway station, servicing the 7, E, and G trains.

Multi-Tower Calyer Place Development Steadily Rises in Greenpoint, Brooklyn

8:00 am on July 25, 2021 By Michael Young

Construction is rising on Calyer Place, a nearly 1 million-square-foot waterfront residential development in Greenpoint, Brooklyn. Designed by Cooper Robertson & Partners with SLCE Architects as the architect of record and developed by M&H Realty LLC, the project consists of a pair of 40-story towers along with 32- and 22-story siblings, and will yield 700,000 square feet of residential space with 700 apartments, 10,000 square feet of commercial space, 7,160 square feet for unspecified community facility use, and over 600 parking spaces. The site was once home to the historic Greenpoint Terminal Market, which suffered a ten-alarm fire and was demolished in 2017.

173-175 Chrystie Street Progresses Behind Scaffolding on Manhattan’s Lower East Side

7:30 am on July 25, 2021 By Michael Young

Work is progressing behind scaffolding on 173-175 Chrsytie Street, a topped-out ten-story residential building on Manhattan’s Lower East Side. Designed by ODA Architects and developed by Nexus Building Development Group, Inc., the 25,500-square-foot-structure will yield 13 units ranging from two- to three-bedroom layouts, as well as 1,537 square feet of ground-floor retail space. The structure stands opposite Sara D. Roosevelt Park and immediately to the north of two other current residential buildings from the same design and development team, 167 Chrystie Street and 165 Chrystie Street.

Updated rendering of 555 Greenwich Street - COOKFOX Architects

Construction on 555 Greenwich Street Nears Street Level in Hudson Square, Manhattan

8:00 am on July 24, 2021 By Sebastian Morris

Foundation work is progressing on 555 Greenwich Street, a 16-story office building in Hudson Square. Formerly addressed as 561 Greenwich Street, the structure will yield 270,000 square feet and will connect on nearly every floor with the adjacent 345 Hudson Street. The project is designed by COOKFOX Architects and developed by the joint venture Hudson Square Properties, which includes Trinity Church Wall Street, Norges Bank Investment Management, and Hines, and is planned to debut as one of the city’s most sustainable buildings.

Rendering of Union Square Tech Training Center at 124 East 14th Street

Zero Irving Nears Completion at 124 East 14th Street in Union Square, Manhattan

7:30 am on July 24, 2021 By Michael Young

Work is nearing completion on Zero Irving, a 21-story mixed-use building at 124 East 14th Street in Union Square. Designed by Davis Brody Bond and developed by RAL Development, as well as financial partners Junius Real Estate Partners and Suffolk Construction, the 176,000-square-foot edifice stands topped out and will open as an affordable and market-rate office building for technology firms with a range of amenities. Zero Irving is located along East 14th Street between Broadway to the west and Third Avenue to the east. Leasing is now underway with JLL as the exclusive marketing agent.

Rendering of 258-278 8th Avenue - Courtesy of JJ Operating

Lenders Confirm $183M Financing Package for 258-278 Eighth Avenue in Chelsea, Manhattan

7:30 am on July 23, 2021 By Sebastian Morris

Square Mile Capital and Pacific Western Bank are set to provide $183 million in construction financing for a 12-story mixed-use property at 258-278 Eighth Avenue in Chelsea, Manhattan. A new Target retail store will occupy 28,000 square feet of the building’s lower levels. Above these floors, the development will house 190 rental apartments and associated amenities.

Exterior of 95 Columbus - Credit: Alex Arnett of Alex the Photo Guy, LLC.

First Phase of Redevelopment Complete at 95 Columbus in Jersey City

7:00 am on July 22, 2021 By Vanessa Londono

Developer Columbia Property Trust has completed the first phase in its ongoing redevelopment at 95 Columbus in Jersey City. Located at 95 Christopher Columbus Drive in the Grove Street neighborhood, the office building designed by Spectorgroup yields 680,000 square feet.

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