Articles by Max Gillespie

Exterior of 200 Park Avenue, courtesy Tishman Speyer

MetLife Extends 400,000-Square-Foot Lease at 200 Park Avenue In Midtown East, Manhattan

7:00 am on December 24, 2023 By Max Gillespie

MetLife has extended its 400,000-square-foot lease through 2038 at its eponymous skyscraper at 200 Park Avenue in Midtown East, Manhattan.

Industry City overhead render, via industrycity.com

Industry City Announces New Innovation Campus Tenants in Sunset Park, Brooklyn

7:30 am on December 23, 2023 By Max Gillespie

Aanika Biosciences, a biotech firm focused on enhancing global food safety and transparency, has opened a new 27,087-square-foot facility at Industry City in Sunset Park, Brooklyn. The opening marks a significant expansion from its initial 900-square-foot space that opened in 2018. The new facility will include offices for the company’s growing team and increased capacity for research and development, wet lab testing, and biomanufacturing.

Render of Willets Point site layout, via willetspointqueens.com

Willets Point Transformation Breaks Ground In Corona, Queens

7:30 am on December 22, 2023 By Max Gillespie

New York City Mayor Eric Adams, along with other city officials and community partners, celebrated on Wednesday the groundbreaking of the Willets Point transformation in Corona, Queens. The ceremony marked an important step in the city’s largest 100-percent affordable housing development in four decades. The Willets Point project is being developed in partnership with the Queens Development Group, a joint venture between Related Companies and Sterling Equities, and is advancing faster than a year ahead of schedule.

Site of 255 E 77th Street, via Apple Maps

Naftali Group Secures $236 Million Loan For 255 East 77th Street on Manhattan’s Upper East Side

7:30 am on December 21, 2023 By Max Gillespie

Naftali Group has secured a $236 million construction loan for 255 East 77th Street, a 36-story residential skyscraper on Manhattan’s Upper East Side. Provided by J.P. Morgan and Starwood Capital, the loan will will help complete the 500-foot-tall structure, which is currently in the excavation phase.

Exterior of Encore, via Thompson & Bender

Encore Opens for Occupancy at 325 Huguenot Street in Downtown New Rochelle

7:30 am on December 20, 2023 By Max Gillespie

Cappelli Development Company has announced the opening of Encore, a 28-story residential tower at 325 Huguenot Street in downtown New Rochelle. The structure yields 241 apartments, with units on the upper floors providing panoramic views of the Long Island Sound and the New York skyline.

Rendering of indoor garden at Baisley Park, courtesy of Slate Property Group

JFK Airport Hotel To Be Converted Into Affordable Housing at 144-02 135th Avenue in South Jamaica, Queens

7:00 am on December 19, 2023 By Max Gillespie

Slate Property Group and RiseBoro Community Partnership have completed the acquisition of the former JFK Hilton Hotel at 144-02 135th Avenue in South Jamaica, Queens, paving the way for a landmark affordable housing project. This initiative marks the first-ever conversion of a former hotel into permanently affordable housing under New York’s Housing Our Neighbors with Dignity Act (HONDA).

Rendering of sky terrace at Pearl House, by Williams New York

Renderings Revealed For 160 Water Street Conversion In The Seaport Neighborhood of Manhattan

7:00 am on December 18, 2023 By Max Gillespie

New renderings have been revealed for Pearl House, an office-to-residential conversion project by the Vanbarton Group at 160 Water Street in the Seaport neighborhood of Manhattan. The project, designed by Gensler, features an acre of amenities, both indoors and outdoors. Compass Development Marketing Group is the exclusive leasing and marketing partner for this project.

Render of 31-33 West 110th Street, courtesy of governor.ny.gov

Governor Hochul Announces RFP Winner for Affordable Housing at 31-33 West 110th Street in Harlem, Manhattan

7:00 am on December 17, 2023 By Max Gillespie

Governor Kathy Hochul has announced the winning plan for the redevelopment of Manhattan’s former Lincoln Correctional Facility at 31-33 West 110th Street in Harlem. Named the Seneca project, the project aims to transform the site into an affordable housing development with 105 units. The $90 million initiative, led by Infinite Horizons, L+M Development Partners, Urbane, and Lemor Development Group, is part of the state’s broader strategy to alleviate New York’s housing crisis.

Rendering of 1215 Fulton Street. Courtesy of Tower Holdings Group, The Collective and Artefactorylab

Funding Secured For 12 Halsey Street In Bedford-Stuyvesant, Brooklyn

7:30 am on December 16, 2023 By Max Gillespie

EJS Group, in partnership with Hope Street Capital, have successfully closed on a $108.15 million construction financing package for their upcoming residential development at 12 Halsey Street in Bedford-Stuyvesant, Brooklyn. This project, also referred to as 1215 Fulton Street, is part of the Affordable New York Program and comprises three buildings with approximately 240 rental units, with 30 percent allocated as affordable housing.

Office space at Industry City, courtesy of BerlinRosen

Four New Companies Sign Leases at Industry City In Sunset Park, Brooklyn

7:30 am on December 15, 2023 By Max Gillespie

Industry City, a 35-acre mixed-use complex along the Sunset Park waterfront in Brooklyn, has announced four new lease signings. Kinolime, Dowbuilt, Prudential Insurance, and KYHA Studios will occupy a combined 15,282 square feet through Industry City’s flexible leasing policy, which allows tenants to secure additional space if needed in the future.

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Articles by Max Gillespie

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