Articles by Max Gillespie

Governor Hochul Announces Three Nominations For State And National Registers Of Historic Places

7:00 am on March 18, 2024 By Max Gillespie

Governor Kathy Hochul recently announced that three New York City properties have been recommended for historic recognition, highlighting their unique contributions to the city and state’s architectural and cultural heritage. The nominations are part of a broader initiative to preserve New York State’s history, and are three of 15 total properties across New York State that have been proposed for inclusion in the State and National Registers of Historic Places. All three nominations are located in Manhattan.

Rendering of the new Midtown Bus Terminal, courtesy of Port Authority of New York and New Jersey

Funding Approved For New Port Authority Bus Terminal In Midtown, Manhattan

7:00 am on March 17, 2024 By Max Gillespie

Governor Kathy Hochul, New York City Mayor Eric Adams, and the Port Authority of New York and New Jersey (PANYNJ) have agreed to work together to finance a $10 billion project to replace and expand the Port Authority Bus Terminal in Midtown, Manhattan. The city has agreed to allocate 40 years of tax revenue from three new commercial developments to fund the project, which has been designed by Foster + Partners. The tax allocation is expected to generate around $2 billion and cover approximately 20 percent of the total anticipated $10 billion cost of construction for the project.

New office space at Essex Crossing, courtesy of Delancey Street Associates

New Prebuilt Office Space Unveiled At Essex Crossing In Manhattan’s Lower East Side

7:30 am on March 16, 2024 By Max Gillespie

Delancey Street Associates recently announced new prebuilt office spaces and an amenity center at Essex Crossing, a nine-building mixed-use development located in Manhattan‘s Lower East Side neighborhood. The spaces, which are located in the development’s commercial space at 145 Delancey Street, were designed by M Moser Associates.

Existing Sears facility, via Google Maps

Construction Loan Secured For 2366 Bedford Avenue in Flatbush, Brooklyn

7:30 am on March 15, 2024 By Max Gillespie

A $140 million construction loan has been issued for a new seven-story residential development located at 2366 Bedford Avenue in Flatbush, Brooklyn. The loan was issued by SCALE Lending to Clipper Equity, the project’s developer. It marks a continuation of SCALE Lending’s aggressive financing strategy and pushes its 2024 transaction volume to over $400 million in loans provided.

Rendering of 737 4th Avenue, courtesy of Marino PR

Construction Financing Secured For 737 4th Avenue In Sunset Park, Brooklyn

7:30 am on March 14, 2024 By Max Gillespie

BEB Capital and Totem, in partnership with Ofer Cohen and SK Development, have secured financing for a new residential development at 737 4th Avenue in Sunset Park, Brooklyn. The structure will yield 187 residential units with 46 designated as permanently affordable homes with a target average price of 48 percent of the area median income, as well as a ground-level retail space. Walker & Dunlop facilitated the $143 million loan for the 193,000-square-foot, 14-story project.

Whitehall Building Completes Exterior Renovations at 17 Battery Place In Manhattan’s Financial District

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

Renovation work is complete on the Whitehall Building, a 31-story mixed-use building at 17 Battery Place in Manhattan‘s Financial District. Designed by GACE and Thornton Tomasetti and developed by the Moinian Group, the two-year project focused on the restoration of the building’s Renaissance Revival exterior to the historical conditions of its completion in 1910. Yates Exterior Restoration Services was the contractor for the property, which is located at the intersection of Battery Place and West Street.

Three New Leases Signed At The Summit In Valhalla, Westchester County

7:00 am on March 12, 2024 By Max Gillespie

The Summit, a four-story, 750,000-square-foot corporate campus located at 100 Summit Lake Drive in Valhalla, Westchester County, recently announced the expansion of its tenant roster with the signing of three new leases totaling 13,313 square feet.

LPC Reviewing Façade Renovation Proposal For 83-85 Chambers Street In Tribeca, Manhattan

7:00 am on March 11, 2024 By Max Gillespie

The New York City Landmark Preservation Commission is reviewing a proposal for façade renovations and and alterations to 83 and 85 Chambers Street, adjoining five-story residential buildings in Tribeca, Manhattan. Both buildings feature eight units and extend from Chambers Street to Reade Street, on the other side of the block. The proposal was assembled by GreenbergFarrow for United American Land LLC, and was presented to the LPC on March 5, 2024.

LPC Reviews Proposal For Artwork At 530 Broadway In Soho, Manhattan

7:00 am on March 10, 2024 By Max Gillespie

The New York City Landmark Preservation Commission is reviewing a proposal for a new mural on the north wall of 530 Broadway, an 11-story office building in Soho, Manhattan. The property, managed by SHVO, is composed of three buildings that were adjoined in 2021: 530 Broadway, 532-534 Broadway, and 536-538 Broadway. The combined structure stands at the northeast corner of Broadway and Spring Street.

Simone Development Companies Announces New Lease At One Executive Boulevard in Yonkers

7:30 am on March 9, 2024 By Max Gillespie

Simone Development Companies announced a new medical lease by SightMD at One Executive Boulevard in Yonkers. Originally built in 1982, the four-story, 133,768-square-foot office building was acquired by Simone in December 2023 and is currently undergoing renovations to attract medical tenants, of which SightMD is the first.

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Articles by Max Gillespie

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