Articles by Reid Wilson

8-16 Nevins Street

Developers Acquire 10 Nevins Street Assemblage, Plan 33-Story, 150-Unit Tower, DoBro

In July, Adam America Real Estate and Slate Property Group were in contract to acquire the development assemblage at 8-16 Nevins Street, in Downtown Brooklyn, and now the team has closed on the purchase, according to Crain’s. The developers paid $47.75 million for the site, and Vanke, a Chinese developer, is partnering to build a 33-story, 150-unit residential building. The tower will total 180,000 square feet, and retail space is also likely planned. Construction is expected to begin early next year, although multiple low-rise buildings must first be demolished.


615 10th Avenue

Chinese Developer In Contract For 615 10th Avenue, Hell’s Kitchen

Beijing-based Xinyuan Real Estate, doing business in the United States as XIN Development, is in contract to purchase the development site at 615 10th Avenue, between West 44th and 45th Streets in Hell’s Kitchen. A gas station currently occupies the site, but the property has over 100,000 square feet of development potential. A condominium project is planned, and the site is expected to sell for nearly $60 million.


625 Fulton Street

Rabsky Group To Acquire Large Development Site At 625 Fulton Street, DoBro

Over a year ago, Forest City Ratner placed their Downtown Brooklyn development site, at 625 Fulton Street, on the market, and now Rabsky Group has agreed to purchase the property for $158 million, according to Commercial Observer. The site contains 600,000 square feet of development rights, and a residential tower is most likely, although plans for the site remain undisclosed. Until last year, the site was home to a seven-story, 359,000 square-foot office building.



7 West 21st Street

17-Story, 230-Unit Residential Building Tops Out At 7 West 21st Street, Flatiron District

Earlier this year, Friedland Properties acquired financing for their 17-story, 230-unit residential building planned at 7 West 21st Street, in the Flatiron District. Now, the project has topped out, as seen in the above photos, courtesy of Tectonic. The block-thru development has street exposure on West 22nd and 21st Streets, and 8,210 square feet of retail space is planned on the ground floor. Fifty-eight of the residential units will rent at below-market rates. Morris Adjmi Architects designed the building, and completion is expected in 2016.


Fetching more...