KPG Funds has secured a $50 million construction loan to complete The Crosby, a new boutique office building in Soho. Located at 40 Crosby Street, the five-story building will comprise 52,000 square feet of office space and an 18,000-square-foot retail space on the ground floor.
Downtown Brooklyn’s One Willoughby Square high-rise has achieved the highest LEED Platinum interior score in the country. Designed by FXCollaborative for JEMB Realty, the 34-story office tower comprises 40,000 square feet, an amenity suite, and a collection of high-efficiency systems that improve the structure’s energy performance, as well as the interior air quality.
Construction is finishing up on The Paxton, a 43-story mixed-use skyscraper at 540 Fulton Street in Downtown Brooklyn. Designed by Marvel Architects and developed by Jenel Management, the 511-foot-tall structure spans 330,000 square feet and will yield 327 rental units in studio to three-bedroom layouts, as well as 137,075 square feet of office space and 33,000 square feet of retail space in the multi-story podium. MNS is handling sales and marketing for the homes at the property, which is located by the intersection of Flatbush Avenue and Fulton Street.
Exterior work is getting closer to completion on 1162 Broadway, a 13-story commercial building in the Madison Square North Historic District of NoMad, Manhattan. Designed by Morris Adjmi Architects and developed by 1162 Broadway LLC, the 185-foot-tall structure will yield Class A office space and 1,800 square feet for a restaurant on the ground floor and cellar level. On Star Management is the general contractor for the property, which is located between West 27th and 28th Streets.
Construction has topped out on 29 Jay Street, an 11-story commercial building in Brooklyn‘s DUMBO Historic District. Designed by Marvel Architects and developed by Jay Street Office LLC, the 150-foot-tall structure will yield 225,000 square feet of office space. Sciame Construction is the general contractor for the property, which is located at the northeast corner of Jay and Plymouth Streets.
