Industry City, a 35-acre innovation campus located on the Sunset Park waterfront in Brooklyn, has announced the completion of construction for the NYU Tisch School of the Arts Martin Scorsese Virtual Production Center. Planned to open to NYU Tisch students in fall 2024, this new facility marks a notable advancement in production education for the school.
SCALE Lending, the debt financing arm of Slate Property Group, has provided an $83 million bridge loan to The Namdar Group for the newly completed 26 Van Reipen Avenue in Journal Square, Jersey City. This loan is part of a larger funding package totaling $283 million, which also supported another development, 626 Newark Avenue, within the same neighborhood.
Governor Kathy Hochul recently announced the addition of the Central Harlem North Historic District to the New York State and National Registers of Historic Places, marking it as one of 37 new historic sites recognized for their cultural and historical significance across the state of New York. This urban residential district spans approximately ten city blocks in Manhattan‘s Harlem neighborhood.
RYBAK Development has successfully secured a $71 million construction loan for The Austin, a new condominium project located at 78-29 Austin Street in Forest Hills, Queens. JLL Capital Markets facilitated the financing for the project from Valley National Bank.
A new mixed-use project is currently under construction at 237 McGuinness Boulevard in Greenpoint, Brooklyn. The development, which began construction in October, is progressing rapidly, with excavation of the site nearing completion.
