Articles by Max Gillespie

Hoboken Urby Tops Out At 256 Observer Highway In Hoboken, New Jersey

Construction has topped out on Hoboken Urby, a 16-story residential building at 256 Observer Highway in Hoboken, New Jersey. Designed by BKSK Architects and developed by Urby and Ironstate, the 165-foot-tall structure will span nearly 450,000 square feet and yield 345 rental apartments in studio to three-bedroom layouts. The project will also include more than 20,000 square feet of commercial and retail space, a 16,000-square-foot gym, and a 152-vehicle parking garage. Thirty-eight of the apartments will be reserved for affordable housing. The property is located between Park and Willow Avenues.

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Planning Board Approves Six-Story Building And Public Plaza At Centurion Union Center In Union, New Jersey

The Union Township Planning Board has approved a six-story mixed-use building and public plaza at Centurion Union Center in downtown Union, New Jersey. Designed by MHS Architecture and developed by LANDMARK, the structure will yield 113 rental units. The project will also include 10,000 square feet of ground-floor retail, 143 structured parking spaces, and a landscaped 24,000-square-foot public plaza.

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Community Center Announced for 70-02 34th Avenue In Jackson Heights, Queens

Plans have emerged for a 30,000-square-foot community center at 70-02 34th Avenue in Jackson Heights, Queens. Developed by the Variety Boys & Girls Club of Queens, the structure will house the neighborhood’s first community swimming pool, an indoor gymnasium with basketball courts, and an auditorium-style theater. The project will also offer after-school and summer programs, early childhood education, senior programming, workforce development, and arts and cultural space.

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Innovative Urban Village Phase 1A Reaches Completion At 30 Inspiration Lane In East New York, Brooklyn

Construction is finished on 30 Inspiration Lane, the 15-story first phase of the Innovative Urban Village affordable housing development in East New York, Brooklyn. Designed by Practice for Architecture and Urbanism (PAU) and SLCE Architects and developed in a joint venture between the Christian Cultural Center, the Gotham Organization, and Monadnock Development, the 150-foot-tall structure spans 437,000 square feet and yields 385 rental units reserved for households earning between 30 and 80 percent of area median income. The project also includes nearly 17,000 square feet of ground-floor commercial space anchored by a full-service grocery store, and 82 below-grade parking spaces.

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$50.15 Million In Financing Secured For Two-Property Industrial Portfolio In Maspeth, Queens

Financing has been arranged for a two-property industrial portfolio in Maspeth, Queens. Lake Forest Bank & Trust Company, N.A. supplied the $50.15 million in debt, which JLL’s Capital Markets group arranged on behalf of Sitex Group and a diversified global investment management firm. The financing comprises a $39.4 million loan for 58-80 Borden Avenue and a $10.75 million loan for 54-12 48th Street. The portfolio spans a combined 182,511 square feet of land and is 100 percent leased, with both properties positioned near the Long Island Expressway and the Brooklyn-Queens Expressway.

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