Jonathan Rose Companies, L+M Development Partners, and Acacia Network recently closed on a $223 million financing package to complete the second and final phase of Sendero Verde. The complex is located on Madison Avenue between East 111th and East 112th Streets in East Harlem and spans a full city block.
The Borough of Englewood Cliffs in New Jersey is moving one step closer to obtaining 800 Sylvan Avenue through eminent domain. Developer Senlac Partners has plans to construct a three-building development totaling 365,000 square feet, yielding 450 residences with 90 units of affordable housing. However local government wants to build more affordable housing and public green space on the 28.75-acre site.
The New Jersey Performing Arts Center (NJPAC) in Newark has big plans to diversify its campus with residential developments and a dining venue, as well as the construction of an arts and education center. The proposed buildings are part of the performing center’s goal to become a city lifestyle destination and further the cultural hub’s impact on the downtown neighborhood. L + M Development Partners has teamed up with NJPAC and Larchmont for the 7.3-acre campus expansion. Skidmore, Owings & Merrill is responsible for the design of the buildings and streetscapes. NJPAC purchased the property from the state of New Jersey in December 2018.
A trio of local developers is working in collaboration to rezone and redevelop a large swath of 31st Street in Astoria, Queens. The area comprises 24 adjacent lots and four distinct development sites between Hoyt Avenue North and 23rd Road.