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.
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.
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.
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.
