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.
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.
