Articles by Max Gillespie

River Apartments II Breaks Ground At 1185 River Avenue In West Concourse, The Bronx

7:00 am on April 5, 2026 By Max Gillespie

Construction has broken ground on River Avenue Apartments II, an affordable housing project at 1185 River Avenue in West Concourse, The Bronx. Developed by Community Access and Blue Sky Bronx, the $225 million project will deliver 292 apartments for households earning up to 80 percent of area median income (AMI). The project follows the completion of the nearby 245-unit River Avenue Apartments I in March 2024. The property is located between East 167th and McClellan Streets.

The Piermont Reaches Completion At 137 Patterson Street In Hillsdale, New Jersey

7:30 am on April 4, 2026 By Max Gillespie

Construction is complete on The Piermont, a four-story residential complex at 137 Patterson Street in Hillsdale, New Jersey. Designd by Studio Hillier Architects and developed by BNE Real Estate Group, Claremont Development, and March Development, the project yields 256 apartments and townhomes.

New Renderings Revealed For Rolex Headquarters At 665 Fifth Avenue In Midtown, Manhattan

8:00 am on April 3, 2026 By Max Gillespie

New renderings have been revealed for The Rolex Building, a 30-story office tower nearing completion at 665 Fifth Avenue in Midtown, Manhattan. Designed by David Chipperfield Architects and developed by the Rolex Realty Company, the 469-foot-tall structure will bring 165,000 square feet of office and retail space to the southeast corner of Fifth Avenue and East 53rd Street.

$203 Million Secured For Redevelopment Of 221 West 41st Street In Midtown, Manhattan

7:30 am on April 1, 2026 By Max Gillespie

Naftali Credit Partners has closed a $203 million loan for an office-to-residential conversion of 221 West 41st Street, a 25-story building in Midtown, Manhattan. The financing was structured for Yellowstone Real Estate Investments and marks the tenth deal from Naftali Credit Partners’ second opportunistic debt fund. According to the announcement, the loan will refinance existing bridge debt and cover construction-related costs tied to the office-to-residential conversion. The property is located between Seventh and Eighth Avenues.

$42 Million Award Announced To Create 200 Supportive Housing Units Across NYC

7:00 am on March 31, 2026 By Max Gillespie

New York State has awarded $42 million to seven community-based organizations to create 200 scattered-site supportive housing units for adults experiencing chronic homelessness in Brooklyn, The Bronx, Manhattan, and Queens. Administered by the state Office of Mental Health, the funding will support Housing First placements for people enrolled in programs such as Safe Options Support, Intensive Mobile Treatment, and Shelter Partnered Assertive Community Treatment. Awardees include Options for Community Living, Comunilife Inc., CLUSTER, Venture House, and ACMH Inc.

Redesign Revealed For Pedestrian And Bike Path To Brooklyn Bridge

7:00 am on March 30, 2026 By Max Gillespie

New York City will begin a street redesign this spring to permanently improve pedestrian and bicycle access to the Brooklyn Bridge at its Manhattan entrance in Manhattan’s Financial District, city officials announced. The project, led by Mayor Zohran Kwame Mamdani and NYC Department of Transportation Commissioner Mike Flynn, will create a new dedicated bike connection along Centre Street and fully separate bike and pedestrian access to the bridge for the first time. Work is expected to begin in the coming weeks and wrap before the FIFA World Cup begins in June.

Agreement Reached To Preserve Rent Protection At Gateway Plaza In Battery Park City, Manhattan

7:00 am on March 29, 2026 By Max Gillespie

Battery Park City Authority and local elected officials have reached an agreement with LeFrak and its partners, the Olnick Organization and Fisher Development, doing business as Marina Towers Associates, to preserve rent protections for about 430 units at Gateway Plaza in Battery Park City, Manhattan. The deal extends protections that had been set to expire in July 2030 through June 17, 2069, covering residents who have remained in continuous occupancy since July 1, 2009 and maintain their primary residence in New York State.

HELP Women’s Center Opens At 114 Snediker Avenue In East New York, Brooklyn

7:30 am on March 28, 2026 By Max Gillespie

HELP USA, Camber Property Group, and the New York City Department of Social Services have opened HELP Women’s Center at 114 Snediker Avenue in East New York, Brooklyn. The five-story, 60,000-square-foot facility will begin operations on March 30, serving as a 200-bed intake and assessment center for women entering the shelter system. The project was developed by Camber Property Group, built by Fifth Avenue Builders in partnership with Urban Atelier Group, and designed by Curtis + Ginsberg Architects in collaboration with HELP USA.

The Elbie Breaks Ground At 305 Broadway In Long Branch, New Jersey

7:30 am on March 27, 2026 By Max Gillespie

Downeaster Development and TANTUM Real Estate have broken ground on The Elbie, a new rental building at 305 Broadway in Long Branch, New Jersey. Designed by Rotwein + Blake Associates, the four-story project will yield 78 units, along with ground-floor retail space.

Mayor Mamdani Announces Launch Of Neighborhood Builders Fast Track

7:30 am on March 26, 2026 By Max Gillespie

Mayor Zohran Kwame Mamdani, Deputy Mayor Leila Bozorg, and HPD Commissioner Dina Levy have announced the new Neighborhood Builders Fast Track, a program intended to speed affordable housing development on City-owned land across New York City. The initiative will allow HPD to pre-qualify affordable housing developers and shorten the Request for Proposals process by about eight months for certain projects, cutting the developer selection timeline by nearly half. City officials said the first three sites slated for the program are 784-800 Myrtle Avenue in Brooklyn, 1337 Jerome Avenue in the Bronx, and 109-43 Farmers Boulevard in Queens.

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