Construction has topped out on 329 Broadway, a 17-story mixed-use residential tower in Williamsburg, Brooklyn. Designed by Syndicate Architecture and developed by Parkview Management, the 195-foot-tall structure contains 175,000 square feet of newly built space. The development will feature 63 units, more than 59,000 square feet of retail area on the first two floors, and around 24,500 square feet of community facilities on the third and fourth floors. JLJ Capital recently provided $57 million in financing for the project.
Work on 187 Kent Avenue‘s exterior is nearing completion in Williamsburg, Brooklyn. The industrial-inspired red masonry façade with its scattered pattern of white bricks is fully installed, and the structure is just awaiting the completion of appointments on the tall lower-level arches. Diego Aguilera Architects P.C. is the architect of record for the seven-story mixed-use residential building, while CW Realty Management, which purchased the site for $43 million, is the developer. 187 Kent Avenue will yield 140,036 square feet of newly built space.
Façade work is moving along on 200 Kent Avenue, a full-block development in Williamsburg, Brooklyn. The six-story, 83-foot-tall development is bounded by Kent Avenue, River Street, Metropolitan Avenue, and North Third Street, and is only one block away from the East River. The reinforced concrete structure is designed by ME Architect P.C. and developed by Cornell Realty Management. The lot was purchased for $33 million by two anonymous entities in the summer of 2016.
Preparation for the demolition of 1568 Broadway is continuing to gear up as scaffolding and construction netting now shroud almost the entire 46-story Times Square tower. The 29-year old structure served as a DoubleTree hotel and will be replaced by a new hotel, with tenants yet to be announced. The proposed 550,000-square-foot development is called TSX Broadway and will preserve and lift the 106-year-old Palace Theatre three stories above the ground floor to make way for new retail space. The $2.5 billion project is being developed by L&L Holding Company, Maefield Development, and Fortress Investment Group.
EPIRE, a New York City-based real estate investment firm, has announced the acquisition of development rights to construct a new mixed-use property in Jersey City. Located at 161 Second Street within the historic Powerhouse Arts District, the through-block building will comprise 100,000 square feet including both residential and retail components.