JS Squared has secured a $43 million construction loan to complete 38 new townhome properties in The Hamptons, Long Island. Located at 66 Nowedonah Avenue in the Water Mill hamlet, the community will debut as Watermill Crossing and is expected to open next spring.
Mortar Group, a New York-based real estate development firm, has closed on the acquisition of a new development site at 30 Bushwick Avenue in East Williamsburg, Brooklyn. Under new ownership, the building will top out at eight stories, yield 24,000 gross square feet, and comprise 24 rental apartments.
The Brodsky Organization has leased all available apartments at ‘Plank Road,’ the latest residential building within the Pacific Park mega-development in Prospect Heights, Brooklyn. Designed by Marvel Architects, the 27-story building is located at 662 Pacific Street and offers collection of 312 mixed-income apartments, amenity spaces, and ample outdoor space.
This week Tishman Speyer and Irvine Company revealed the next phase of renovations and capital improvements at the historic MetLife Building, with new food and beverage options set to debut in 2023. Located at 200 Park Avenue in Midtown East, Manhattan, the building’s new dining options will include the iconic Capital Grille, organic and fair-trade café Jack’s Stir Brew Coffee, Black Seed Bagels, as well as a pop-up run by Talea Beer Co., a woman-owned brewery based in Brooklyn.
The Moinian Group and Bushburg have successfully closed on a $105 million construction loan to complete 2840 Atlantic Avenue, a rising property in East New York, Brooklyn that will include residential and affordable housing units, community space, lower-level retail, and 109 parking spaces.
