Articles by Max Gillespie

Battery Park City Resiliency Project Reaches Completion In Battery Park City, Manhattan

Construction is finished on the South Battery Park City Resiliency Project, a $221 million coastal flood protection system in Battery Park City, Manhattan. Designed by AECOM with a pavilion by Thomas Phifer and Partners and developed by the Battery Park City Authority in partnership with The Battery Conservancy, the project spans from the Museum of Jewish Heritage through Wagner Park, across Pier A Plaza, and along the northern border of the historic Battery. The system integrates open and buried floodwalls, deployable flip-up gates, upgraded storm drainage, and a storm-water retention cistern beneath an elevated landscape.

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Sutphin Senior Residence Completes Construction At 97-04 Sutphin Boulevard In Jamaica, Queens

Construction is finished on Sutphin Senior Residence, a 15-story affordable and supportive housing building at 97-04 Sutphin Boulevard in Jamaica, Queens. Designed by Bernheimer Architecture and developed by Breaking Ground under the BG Sutphin Owner LLC, the 163-foot-tall structure spans 119,719 square feet and yields 173 rental units. The project also includes a 15,000-square-foot health center operated by Community Healthcare Network on the ground and cellar levels, and a 40-foot-long rear yard. The property is located at the southwest corner of 97th Avenue and 146th Street.

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Financing Closes For $26 Million Rehabilitation Of 44 Affordable Homes In East Williamsburg And Bushwick, Brooklyn

St. Nicks Alliance has closed on financing for the redevelopment of three Brooklyn properties yielding 44 affordable homes in East Williamsburg and Bushwick. The $26 million project encompasses two adjoining 16-unit buildings at 984-988 Greene Avenue and six-unit properties at 315 Harman Street and 19 Kingsland Avenue. The development is backed by a $2.26 million construction and permanent loan from LISC NY, which will cover hard costs associated with the redevelopment, along with soft costs and financing costs.

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L&L Infinite Completes $245 Million Acquisition Of 600 Third Avenue In Midtown East, Manhattan

L&L Infinite has completed the acquisition of 600 Third Avenue, a 42-story office skyscraper in Midtown East, Manhattan. Designed by Emery Roth & Sons and completed in 1970, the 590-foot-tall structure spans 575,254 square feet and changed hands at a valuation of $245 million. L&L Infinite is joined in the joint venture by affiliates of Mack Real Estate Group, BLDG Management, and BD Blakely, and secured a $215 million acquisition loan from Bain Capital. The property is located between East 39th and 40th Streets.

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