Xin Development Group has closed on a $45 million inventory loan for The Oosten Condominiums in South Williamsburg, Brooklyn. The owner and developer will use the inventory loan to pay off remaining construction loans secured to finance completion of the property.
Oxford Properties has sold St. John’s Terminal to Google for $2.1 billion. Located at 550 Washington Street in Hudson Square, the terminal property is designed by COOKFOX and developed by Oxford Properties and will serve as the anchor of Google’s new corporate campus, which comprises 1.7 million square feet along with two additional sites at 315 Hudson Street and 345 Hudson Street.
The Trust for Governors Island has revealed four universities and design teams that will move forward in a design competition to construct and operate a new climate research and educational complex on the southern tip of the island. The complex will debut as the Center for Climate Solutions and will support the research, development, and demonstration of equitable climate solutions for New York City that can be scaled and applied globally.
Elected officials recently celebrated the opening of a new COVID-19 testing and vaccination center at Astoria Houses. Located at 4-25 Astoria Boulevard in Astoria, Queens, the facility sits inside repurposed shipping containers and was designed in partnership by research teams from New Jersey Institute of Technology (NJIT) and The Tuchman Foundation.
Following a $1.55 billion renovation, the Jacob K. Javits Center in Midtown, Manhattan now features a one-acre rooftop farm. The working farm is expected to generate up to 40,000 pounds of produce each year.
