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French Department Store Printemps Opens At One Wall Street in Financial District, Manhattan

Printemps, the 160-year-old upscale French department store, opened its first U.S. location this morning at One Wall Street in Lower Manhattan’s Financial District. Designed by Laura Gonzalez in the style of a Parisian apartment, the 55,000-square-foot outpost spans two stories and is the final component in the transformation of the historic 564-foot-tall Art Deco skyscraper, which underwent an office-to-residential conversion that finished in 2023. The property yields 566 condominium units, 100,000 square feet of private amenities, as well as a Whole Foods Market and Life Time fitness facility in its base. Printemps is located along Broadway between Wall Street and Exchange Place.

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Rendering of Arris Grand. Designed by Fogarty Finger

Refinancing Loan Secured For Arris Grand at 445 Grand Avenue In Clinton Hill, Brooklyn

Haussmann Development has secured a $49.5 million refinancing loan for Arris Grand, a mixed-use development at 445 Grand Avenue in Clinton Hill, Brooklyn. The loan, provided by QuadReal Property Group, replaces a $46 million construction loan from Scale Lending. Haussmann made a controlling minority investment in the property in 2024, overseeing the refinancing and serving as the local operating partner.

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Housing Lottery Launches for Atlantic Chestnut Phase 2 in Cypress Hills, Brooklyn

The affordable housing lottery has launched for Atlantic Chestnut Phase 2, a 14-story mixed-use building at 254 Euclid Avenue in Cypress Hills, Brooklyn. Designed by Dattner Architect and developed by Phipps Houses, the structure yields 436 residences. Available on NYC Housing Connect are 369 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $19,372 to $173,340.

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The Duchess Wraps Up Construction at 300 East 83rd Street on Manhattan’s Upper East Side

Construction is wrapping up on The Duchess, a 22-story residential building at 300 East 83rd Street in the Yorkville section of Manhattan’s Upper East Side. Designed by SLCE Architects and developed by Lalezarian Properties, the 235-foot-tall structure spans 93,682 square feet and yields 70 rental units, as well as ground-floor retail space. A portion of the residential inventory will be designated for affordable housing. The property is alternately addressed as 1594-1598 Second Avenue and located at the corner of East 83rd Street and Second Avenue.

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