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260 Bowery Tops Out While Interior Work Continues, in Nolita

Work on an 85-foot tall residential development at 260 Bowery has topped out. The 3,700-square-foot building, which is being designed by Morris Adjmi Architects and developed by Premiere Equities, will yield 14,611 square feet. The eight-story structure will contain five apartments, averaging 2,922 square feet apiece. The property is located in Nolita between Houston Street and Stanton Street and sits across from the New Museum. The site, purchased for $10 million several years ago, replaces an old three-story kitchen supply store, as previously reported by Bowery Boogie.

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Excavation Begins For One Boerum Place, in Downtown Brooklyn

Excavation has begun for One Boerum Place in Downtown Brooklyn. The upcoming ground-up, mixed-use condominium tower will rise 21 stories on a narrow, triangular-shaped plot of land. The site is bound by Boerum Place, Red Hook Lane, and Fulton Street. SLCE Architects is the designer while Avery Hall Investments, Allegra Holdings, and Aria Development Group are the developers. The joint venture team was recently able to acquire a $165 million construction loan from Jutland Finance. The total cost of One Boerum Place is expected to be around $250 million.

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