Articles by Max Gillespie

Rendering of 387 8th Street, by INOA Architecture

387 8th Street Breaks Ground in Hamilton Park, Jersey City

7:00 am on April 15, 2024 By Max Gillespie

Construction has broken ground on 387 8th Street, a ten-story residential building in Hamilton Park, Jersey City. Designed by INOA Architecture and developed by EPIRE, the structure will yield 75 units, 8,000 square feet of ground-floor retail space, and 77 parking spaces. Christie Engineering is the structural engineer and Wilco Construction is the general contractor for the project, which is located between Brunswick and Division Streets.

Photograph of The Devan, courtesy of Ursa Development Group

The Devan Completes Construction at 3 New York Avenue in Jersey City, New Jersey

7:00 am on April 14, 2024 By Max Gillespie

Fields Grade and Ursa Development Group have announced the completion of construction on The Devan, a residential development at 3 New York Avenue in Jersey City‘s The Heights neighborhood. The project is situated between Jersey City and Hoboken and yields 336 rental units. Leasing has officially launched for the property and move-ins are set to begin on May 1.

425 Park Avenue, courtesy of L&L Holding

L&L Holding Company Secures Refinancing For 425 Park Avenue In Midtown East, Manhattan

7:30 am on April 13, 2024 By Max Gillespie

L&L Holding Company has secured $911 million in refinancing for 425 Park Avenue, an office skyscraper in Midtown East, Manhattan. Sumitomo Mitsui Trust Bank led the refinancing as the principal lender, with the new five-year floating rate loan intended to replace a similar-sized loan from 2021 that supported the tower’s final construction and leasing activities.

Rendering of 307 Bergen Avenue, courtesy of Garden State Community Development Corporation

Construction Begins At 307 Bergen Avenue In Greenville, Jersey City

7:30 am on April 12, 2024 By Max Gillespie

The Garden State Community Development Corporation, working alongside the Wells Fargo Foundation and local developer Cara Squared LLC, announced the commencement of construction on 307 Bergen Avenue, a $6.3 million housing development in Jersey City’s Greenville neighborhood. The project, which was designed by Inglese Architecture & Engineering, aims to convert a former parking lot into a 12-unit residential condominium complex, intended specifically for low-income families earning 70 percent or less of the area median income.

Photograph of 51W52, by Colin Miller Photos

New Photos Reveal Completed Renovations At 51 West 52nd Street In Midtown, Manhattan

7:30 am on April 11, 2024 By Max Gillespie

Renovations are complete on 51W52, also known as Black Rock, an office building at 51 West 52nd Street in Midtown Manhattan. Harbor Group International completed the $128 overhaul of the 38-story structure, which was originally designed by Eero Saarinen as the headquarters for CBS and yields 900,000 square feet of interior space.

Rendering of Innovative Urban Village, via Gotham Organization

Innovative Urban Village Receives $270 Million In Construction Financing In East New York, Brooklyn

7:30 am on April 10, 2024 By Max Gillespie

Gotham Organization, in collaboration with Monadnock Development, the Christian Cultural Center, and New York City and State authorities, has secured $270 million in construction financing for the first phase of the Innovative Urban Village in East New York, Brooklyn. The project, which was designed by PAU, aims to transform 10.5-acre site currently owned by the Christian Cultural Center into a mixed-use urban village.

Rendering of 120 East 144th Street, via Beitel

Construction Loan Secured For 120 East 144th Street In Mott Haven, The Bronx

7:00 am on April 9, 2024 By Max Gillespie

The Beitel Group has secured a $150 million loan for the development of 120 East 144th Street, a new residential project in Mott Haven, The Bronx. The funding, which was supplied by SCALE Lending, will support the construction of the 13-story, 450-unit property.

New Levain storefront at 122 Fifth Avenue, courtesy of The Bromley Companies

Levain Bakery Opens New Location At 122 Fifth Avenue In Union Square, Manhattan

7:00 am on April 8, 2024 By Max Gillespie

The Bromley Companies recently announced the grand opening of a new Levain Bakery at 122 Fifth Avenue in Union Square, Manhattan. The 3,000-square-foot space is Levain Bakery’s seventh location in the city. It was celebrated by the introduction of a new Black & White Chocolate Chip cookie, inspired by the classic New York City dessert.

Photograph from 'City of Yes' affordable housing announcement, via nyc.gov

Mayor Adams Announces Proposal To Lift Floor-To-Area Ratio For New Developments

7:00 am on April 7, 2024 By Max Gillespie

Mayor Eric Adams has announced a new initiative within the “City of Yes for Housing Opportunity” proposal that seeks to generate tens of thousands of affordable homes in New York City. The new initiative is targeting areas previously out of reach for many working-class New Yorkers due to an outdated floor-to-area-ratio cap, which historically has restricted the construction of new homes in high-demand zones. The proposal is seeking to lift the floor-to-area-ratio cap in these areas, such as in Midtown, Manhattan.

Rendering of 1601 DeKalb Avenue, by Aufgang Architects

1601 DeKalb Avenue Breaks Ground In Bushwick, Brooklyn

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

Camber Property Group and RiseBoro Community Partnership recently announced the groundbreaking for 1601 DeKalb Avenue, a $75 million affordable housing project in Bushwick, Brooklyn. When construction completes in December 2025, the development plans to boast 127 affordable housing units, 45 of which will be specifically aimed at providing stable housing and supportive services to young families.

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Articles by Max Gillespie

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