Alloy Development has launched leasing for 395 apartments at 505 State Street, a 44-story all-electric tower in the Alloy Block mixed-use development in Downtown Brooklyn. Located at the intersection of State Street and Flatbush Avenue, the overall development includes residential, office, and retail spaces, as well as New York City’s first two public schools built to Passive House standards.
SJP Properties and Scotto Properties celebrated the topping out of M Station West, a seven-story commercial building in Morristown, New Jersey. Designed by Gensler, the structure will add 260,000 square feet to the M Station complex, joining the six-story, 120,000-square-foot M Station East, which was completed in July 2022. The developers are aiming for LEED certification.
The Waterfront Alliance has announced that the South Battery Park City Resiliency Project has become the 13th project nationally to achieve Waterfront Edge Design Guidelines (WEDG) verification. This distinction places the project, which is located at 20 Battery Place in Lower Manhattan, at the forefront of resilient, ecological, and accessible waterfront design.
National real estate investment firm The Feil Organization has announced that private security and fire safety contractor Mulligan Security has expanded its lease at 7 Penn Plaza in Chelsea, Manhattan. The company will extend its lease for 12 years and expand its footprint by 15,788 square feet, bringing its total occupancy to 24,788 square feet.
Avison Young has facilitated the sale of a vacant mixed-use building at 803 Madison Avenue on Manhattan‘s Upper East Side for $14.5 million. The property, previously occupied by lingerie brand LaPerla until 2021, was sold on behalf of the owner, Philip Sprayregen.
