SK Development

Rendering of 737 4th Avenue, courtesy of Marino PR

Construction Financing Secured For 737 4th Avenue In Sunset Park, Brooklyn

BEB Capital and Totem, in partnership with Ofer Cohen and SK Development, have secured financing for a new residential development at 737 4th Avenue in Sunset Park, Brooklyn. The structure will yield 187 residential units with 46 designated as permanently affordable homes with a target average price of 48 percent of the area median income, as well as a ground-level retail space. Walker & Dunlop facilitated the $143 million loan for the 193,000-square-foot, 14-story project.

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360 Bowery Office Tower Tops Out Over Noho, Manhattan

Construction has topped out on 360 Bowery, a 22-story commercial building in Noho, Manhattan. Designed by Morris Adjmi Architects and developed by AECOM-Canyon Partners under the ACEF-CBSKI 360 Bowery LLC, the 275-foot-tall structure will yield 112,617 square feet with 72,151 square feet of office space, 26,637 square feet of community facility space, and a cellar. SK Development of CBSK Ironstate are the owners, Ancora Engineering was the engineer of record for the excavation, and CM & Associates is the general contractor for the property, which is located at the corner of Bowery and East 4th Street.

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Excavation Underway for 360 Bowery Office Tower in NoHo, Manhattan

Excavation and foundation work are in full swing at 360 Bowery, the site of a 22-story commercial building in Noho, Manhattan. Designed by Morris Adjmi Architects and developed by AECOM-Canyon Partners under the ACEF-CBSKI 360 Bowery LLC, the 275-foot-tall structure will yield 112,617 square feet with 72,151 square feet of office space, 26,637 square feet of community facility space, and a cellar. SK Development of CBSK Ironstate are the owners and CM & Associates is the general contractor for the property, which is located at the corner of Bowery and East 4th Street.

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The West. Rendering courtesy of VUW

The West Completes Construction at 547 West 47th Street in Hell’s Kitchen, Manhattan

Construction is complete on The West, a 12-story mixed-use building at 547 West 47th Street in Hell’s Kitchen. Designed by Concrete and StoneCycling and developed by CB Developers, SK Development, and Ironstate Development, the 201,000-square-foot structure yields 219 residential units ranging from studio to two-bedroom layouts as well as a 40,000-square-foot ground-floor Cadillac dealership. Corcoran Sunshine Marketing Group is handling sales and marketing, and CM & Associates Construction Management served as the general contractor for the property, which is bound by Eleventh Avenue to the west, West 47th Street to the south, and West 48th Street to the north.

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RAMSA’s 1228 Madison Avenue Stands Complete on Manhattan’s Upper East Side

Construction is complete on 1228 Madison Avenue, a 20-story residential building in the Carnegie Hill section of Manhattan’s Upper East Side. Designed by Robert A.M. Stern Architects and developed by CBSK Ironstate, a partnership of CB DevelopersSK Development, and Ironstate, the structure will yield 15 condominiums designed by Kelly Behun Studio with sales handled by Corcoran Sunshine Marketing Group. SLCE Architects was the architect of record for the project, which is located along Madison Avenue between East 88th and 89th Streets, directly behind Frank Lloyd Wright’s Guggenheim Museum.

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