Articles by Max Gillespie and Matt Pruznick

Rendering of Coney Island Phase III, courtesy of S9Architecture.

1709 Surf Avenue Breaks Ground In Coney Island, Brooklyn

7:00 am on July 29, 2025 By Max Gillespie and Matt Pruznick

Construction has begun on 1709 Surf Avenue, an 11-story residential building in the Coney Island West masterplan in Coney Island, Brooklyn. Designed by S9Architecture and developed by BFC Partners in collaboration with the NYC Department of Housing Preservation & Development (HPD), the NYC Housing Development Corporation (HDC), Citi, and Goldman Sachs, the structure will yield 420 affordable rental units. The project is the third and final phase in the affordable housing complex, which will introduce a total of 1,242 apartments. The property is located along the waterfront between West 17th and 19th Streets, directly across from Maimonides Park, home of the Brooklyn Cyclones.

Rendering of 139 Franklin Street, via Broad Street Development

139 Franklin Street Acquired for Planned Residential Conversion in Tribeca, Manhattan

7:30 am on July 23, 2025 By Max Gillespie and Matt Pruznick

A joint venture of Broad Street Development and TPG Angelo Gordon has acquired 139 Franklin Street, a ten-story commercial structure in Tribeca, Manhattan, with the intention of converting it into a residential building. The 56,384-square-foot structure is currently occupied by a 74-unit self storage facility. The property is located at the corner of Franklin and Varick Streets.

Rendering of The Avenir. Courtesy of Silverstein Properties / Binyan Studios

2,000-Unit Office-To-Residential Conversion Plan Announced for Hell’s Kitchen, Manhattan

7:30 am on June 27, 2025 By Max Gillespie and Matt Pruznick

Silverstein Properties has announced plans with Metro Loft Developers to deliver more than 2,000 new apartments through office-to-residential conversions in Hell’s Kitchen, Manhattan. The plan is an expansion on the developers’ proposal for The Avenir, a 785-foot-tall mixed-use skyscraper containing a casino and 1,000-room hotel, and is contingent on the issuance of a gaming license for the project. The conversions would prioritize buildings within the Community Board 4 district, which has specifically called for more mixed-income housing, and would include more than 500 permanently affordable units.

Mayor Adams Unveils Revitalized ‘The Arches’ Plaza, Commits $50M For Further Improvements In Lower Manhattan

7:30 am on June 7, 2025 By Max Gillespie and Matt Pruznick

New York City has officially reopened a newly revitalized section of “The Arches,” a public plaza located on the Manhattan side of the Brooklyn Bridge, and announced an additional $50 million investment to expand and enhance the space. Located adjacent to City Hall and named for the 53 overhead bridge arches, the area has remained largely inaccessible for the past 15 years due to ongoing restoration work on the Brooklyn Bridge. The investment, part of the city’s FY 2026 Executive Budget and the “We Outside Summer” initiative, will support the addition of public seating, plantings, lighting, and recreational amenities.

Rendering of Ruby Square. Credit: Bezier

Ruby Square Nears Completion at 166-20 90th Avenue In Jamaica, Queens

7:30 am on April 26, 2025 By Max Gillespie and Matt Pruznick

Work is nearing completion on Ruby Square, a mixed-income residential development at 166-20 90th Avenue in Jamaica, Queens. Designed by Perkins Eastman and developed by BRP Companies, the structure spans 715,000 square feet and will yield 614 units in studios to two-bedroom layouts, with 185 designated for affordable housing. The property was formerly known as 90Ninety and is located at the corner of 90th Avenue and 168th Street.

Photograph of 165 Willoughby Street, by Michael Young

Construction Begins for Five-Tower High-Rise at 275 Flatbush Avenue Extension in Downtown Brooklyn

7:30 am on April 25, 2025 By Max Gillespie and Matt Pruznick

Below-grade work is underway at 275 Flatbush Avenue Extension, the site of a five-tower residential complex in Downtown Brooklyn. Designed by J Frankl Architects and developed by The Jay Group, the conjoined structures will stand 27 stories and 293 feet tall, and will yield a combined 450 units. The property is alternately addressed as 165 Willoughby Street and located at the corner of Flatbush Avenue Extension and Willoughby Street.

Rendering of The Stemma, via New York City Department of Housing Preservation and Development

Developers Announced for The Stemma At 1388-1400 Stebbins Avenue In Crotona Park East, Bronx

7:30 am on March 26, 2025 By Max Gillespie and Matt Pruznick

The New York City Department of Housing Preservation and Development (HPD) has announced the development team for The Stemma, an 11-story affordable housing development at 1388-1400 Stebbins Avenue in Crotona Park East, The Bronx. Developed by the Doe Fund, Xenolith Partners, and Ametrine Group, the structure will yield 149 affordable apartments and a 30,000-square-foot community recreation center. The project is being built on a long-vacant city-owned lot between East 170th Street and Jennings Street.

Rendering of Charlie residential project. Courtesy of LCOR

‘Charlie’ Residential Tower Begins Construction at Hoboken Connect in Hoboken, New Jersey

7:30 am on January 17, 2025 By Max Gillespie and Matt Pruznick

Construction has begun on Charlie, a 27-story residential building within Hoboken Connect at NJ Transit’s Hoboken Terminal in Hoboken, New Jersey. Designed by Salas O’Brien and Allied and developed by LCOR, the 365,000-square-foot structure will yield 386 units, with 20 percent designated as affordable housing, as well as ground-floor retail space.

New 20-Year Lease Signed for 7 Times Square In Midtown, Manhattan

7:00 am on January 14, 2025 By Max Gillespie and Matt Pruznick

Apparel holding company KnitWell Group has signed a 20-year lease extension for 246,000 square feet at 7 Times Square, a 47-story office skyscraper in Times Square, Manhattan. The lease will expand the company’s existing 191,000-square-foot presence in the building by two additional full floors. Designed by SOM and developed by Boston Properties, the 724-foot-tall structure spans 1.25 million square feet and is located at West 42nd Street between Broadway and Seventh Avenue.

Developers Close on Financing for Pelham House At 217 Fifth Avenue In Pelham, New York

7:30 am on January 3, 2025 By Max Gillespie and Matt Pruznick

The Hudson Companies has closed on $73 million in financing for Pelham House, a five-story residential development at 217 Fifth Avenue in Pelham, Westchester County. Designed by United Design Works and developed in partnership with Excelsior Housing Group and Sisca Northeast, the structure is planned to yield 127 units, including six designated for affordable housing, as well as 5,300 square feet of ground-floor retail space. The affordable apartments will be reserved for households earning 80 percent of area median income. Financing was provided by Santander, Related Debt Fund, and equity through Hudson’s joint venture Green Fund with the New York City Employees’ Retirement System and the Teachers’ Retirement System of the City of New York.

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