Merchants Capital has provided $104 million in construction financing for a major rehabilitation project at Harlem River Houses and the adjacent Harlem River II Campus, collectively known as Harlem River Houses I and II. The New York City Housing Authority (NYCHA) public housing complex sits between 151st and 153rd Street, Macombs Place, and Harlem River Drive in Harlem.
Developer CHA Partners recently celebrated the grand opening of Margaret O. Carpenter Women’s Health Center, a first-of-its kind specialty medical facility in Rockaway Beach, Queens. The facility is located at 105-20 Rockaway Beach Boulevard within the recently completed Rockaway Beach Medical Arts Complex.
Renderings from INOA Architecture are the first to reveal a new seven-story mixed-use building at 308 East 59th Street in Sutton Place, Manhattan. Located immediately next to the Queensboro Bridge onramp, the building will house a mix of hospital outpatient facilities with specialized medical spaces above.
Newark’s historic Walker House at 540 Broad Street is now home to a local brewery and a 22,000-square-foot indoor rock-climbing gym, the latest phase of a multimillion-dollar redevelopment plan led by LMXD, Prudential Financial Inc., and Goldman Sachs Urban Investment Group. Located in the heart of downtown, Newark Local Beer and Method Climbing + Fitness sit below 20 stories of rentals that debuted in 2020.
Lam Group and Exact Capital Group have closed on a $167.5 million construction loan to refinance Victoria Tower Residences, a 26-story mixed-use rental property in Central Harlem. The building is located at 233 West 125th Street, a site formerly occupied by the historic Victoria Theatre.
