Articles by Max Gillespie

Rendering of 1 Java Street, courtesy of Marvel Designs

1 Java Street Two-Tower Development Tops out in Greenpoint, Brooklyn

7:30 am on September 7, 2024 By Max Gillespie

Lendlease and its joint venture partner Aware Super, one of Australia’s largest superannuation funds, recently celebrated the topping out of 1 Java Street, a two-tower residential development in Greenpoint, Brooklyn. Designed by Marvel, the 37- and 20-story structures will yield a combined 834 rental units, with 30 percent designated as affordable housing. The property is bound by India Street to the north, Java Street to the south, West Street to the east, and the East River to the west.

Photograph of Park & Arbor, courtesy of Hornrock Properties

Leasing Launches for Park & Arbor at 18 Park Avenue in Old Tappan, New Jersey

7:30 am on September 6, 2024 By Max Gillespie

Leasing has launched for Park & Arbor, a two-building mixed-use complex nearing completion at 18 Park Avenue in Old Tappan, New Jersey. Developed by Hornrock Properties, the community will yield 110 rental homes in one to three-bedroom configurations in one building and 21,000 square feet of retail space in the other.

Photograph of Flatbush Gardens, courtesy of Clipper Realty

Bridging Access To Care Celebrates Grand Opening Of New Service Site At Flatbush Gardens In East Flatbush, Brooklyn

7:30 am on September 5, 2024 By Max Gillespie

Bridging Access to Care, a nonprofit organization dedicated to providing social services to underserved populations in New York City, recently celebrated the grand opening of a new service site at Flatbush Gardens in East Flatbush, Brooklyn. The new location will offer on-site support to residents transitioning from shelters to permanent housing. Flatbush Gardens yields 2,500 apartments across 59 buildings, primarily catering to low-income residents. The property is owned by Clipper Equity.

Rendering of Monmouth Square, courtesy of Kushner

Kushner Secures $415 Million In Financing For Monmouth Square Redevelopment In Eatontown, New Jersey

7:30 am on September 4, 2024 By Max Gillespie

Kushner has secured $415 million in construction financing for Monmouth Square, a mixed-use redevelopment of Monmouth Mall in Eatontown, New Jersey. The financing package includes a $303 million residential loan from Fortress Investment Group and a $112.5 million retail loan from Rithm Capital Corp, managed by GreenBarn Investment Group.

Photograph from announcement, via nyc.gov

Mayor Adams Celebrates Second Consecutive Year Of Record-Breaking Progress For Affordable Housing

7:00 am on September 3, 2024 By Max Gillespie

Mayor Eric Adams announced that New York City has achieved consecutive record-breaking years for creating affordable housing and connecting New Yorkers to it. In the 2024 fiscal year, the city financed a combined 28,944 affordable and public housing units through new construction and preservation initiatives.

Photograph of 205 W 28th Street. Credit: Dave Burk

New Lease Signed At 205 West 28th Street In Chelsea, Manhattan

7:00 am on September 2, 2024 By Max Gillespie

Corem AB and GDS Development Management have signed a five-year lease with Injective Labs at 28&7, a new 12-story Class A office building designed by Skidmore, Owings & Merrill at 205 West 28th Street in Chelsea, Manhattan. The company is leasing 8,685 square feet of office space on the building’s tenth floor.

Rendering of 255 East 39th Street, via Brause Realty

255 East 39th Street Tops Out In Murray Hill, Manhattan

7:00 am on September 1, 2024 By Max Gillespie

Construction has topped out on 255 East 39th Street, a 20-story residential building in Murray Hill, Manhattan. Designed by CetraRuddy and developed by Brause Realty in collaboration with Lonicera Partners and AECOM Tishman, the structure will yield 157 units with 48 designated for affordable housing. The property is located at the northwest corner of East 39th Street and Second Avenue.

$152 Million In Construction Financing Secured For 35 Cottage Street in Journal Square, Jersey City

7:30 am on August 31, 2024 By Max Gillespie

JLL Capital Markets has secured $152 million in construction financing for the development of 35 Cottage Street, a 588-unit apartment building in Journal Square, Jersey City, New Jersey. The financing was secured on behalf of the borrower, Namdar Group, with senior financing provided by Centennial Bank and mezzanine financing through a private lender.

Affordable Housing Lottery Launches For 420 Carroll In Gowanus, Brooklyn

7:30 am on August 30, 2024 By Max Gillespie

The Domain Companies, in partnership with VOREA Group, Silverstein Properties, and Cantor Fitzgerald, L.P., has launched an affordable housing lottery for 90 homes at 420 Carroll in Gowanus, Brooklyn. The affordable homes, which are reserved for families earning between 40 and 100 percent of the area median income, represent 25 percent of the total 360 apartments in the development. The project was designed by FXCollaborative.

Merrick Academy Breaks Ground on New School Building at 134-11 221st Street in Laurelton, Queens

7:30 am on August 29, 2024 By Max Gillespie

Construction has begun on a new four-story school building at 134-11 221st Street in Laurelton, Queens. The 60,000-square-foot structure will support the Merrick Academy Charter School’s growing K-8 program and is planned to accommodate 1,000 students.

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Articles by Max Gillespie

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