Residential

Rendering of 41-08 Crescent Street. Credit: Dan Ionescu Architects

Construction Loan Issued For 41-08 Crescent Street In Long Island City, Queens

A $70 million construction loan was issued for 41-08 Crescent Street, a 26-story residential building under construction in Long Island City, Queens. Designed by Dan Ionescu Architects and developed by Watermark Capital Group, the 192,000-square-foot structure will yield 184 units in studio to three-bedroom layouts, with 70 percent of the inventory designated for affordable housing under the Affordable NY 421a program, as well as 9,000 square feet of ground-floor retail space and a 41-vehicle parking lot. Slate Property Group and White Oak Real Estate Capital provided the loan for the final stages of construction and lease-up of the project, which is bound by Crescent Street, 41st Avenue, and 24th Street.

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New Renderings Revealed for 3085 John F. Kennedy Boulevard in Jersey City, New Jersey

New renderings have been revealed for 3085 John F. Kennedy Boulevard, a two-building residential development in Jersey City, New Jersey. Designed by Hoboken-based MVMK Architecture and developed by Journal Square Estates LLC, the 12-story, 156-foot-tall complex is part of the Journal Square 2060 Redevelopment Plan and will yield 373 apartments in studio- to three-bedroom layouts, as well as 72 enclosed parking spaces, storage for 97 bicycles, and 1,356 square feet of ground-floor retail space. The 29,000-square-foot through-lot property is bound by the Pulaski Skyway to the north, John F. Kennedy Boulevard to the east, and Skillman Avenue to the west.

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