Articles by Max Gillespie

$1.7 Million Adult Fitness Area Completed At Shoelace Park In Wakefield, The Bronx

Construction is finished on a new adult fitness area at Shoelace Park in Wakefield, The Bronx. The $1.7 million capital project converted outdated bocce courts into a concentrated fitness hub near East 225th Street, with ten exercise components, five of which are fully accessible to patrons with disabilities. The project also includes new seating, security lighting, shade trees, and reconstructed paths connecting the space to the rest of the park. Shoelace Park runs from East Gun Hill Road to East 230th Street as part of the Bronx River Greenway.

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Three Rent-Stabilized Buildings Transfer To New Ownership In Crown Heights, Brooklyn

Ownership has transferred on a trio of four-story rent-stabilized buildings at 1018 and 1074 Eastern Parkway and 1392 Sterling Place in Crown Heights, Brooklyn. The prewar structures yield a combined 88 rent-stabilized units and were sold on Wednesday for a total consideration of $7.6 million. The sale clears the way for a city-supported rehabilitation of the three properties, which together carry 991 open housing code violations and sit in the Department of Housing Preservation and Development’s Alternative Enforcement Program.

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Anchor Lease Secured For 625 Madison Avenue Skyscraper In Midtown, Manhattan

General Atlantic has signed a long-term lease for more than 150,000 square feet at 625 Madison Avenue, a 53-story office skyscraper under construction in Midtown, Manhattan. Designed by Foster + Partners and Gensler and developed by Related Companies in partnership with Andrew Mathias, the 684-foot-tall structure will span 858,500 square feet of carbon-neutral office space. The project will also include ground-floor retail and a sixth-floor amenity club with a private dining room and wraparound outdoor terraces. The property is located at the southeast corner of Madison Avenue and East 59th Street.

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The Langdon Nears Completion At 288 East 88th Street on Manhattan’s Upper East Side

Construction is nearing completion on The Langdon, a 24-story residential building at 288 East 88th Street on Manhattan’s Upper East Side. Designed by Hill West Architects and developed by Alchemy-ABR Investment Partners in collaboration with Azur Holdings Management LLC and in partnership with The Carlyle Group, the 350-foot-tall structure will span 96,543 square feet and yield 45 rental units. Beyond residential space, the building will also feature 2,507 square feet of ground-floor commercial space and a cellar level. The property is located at the southwest corner of East 88th Street and Second Avenue.

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