L+M Development Partners, Type A Projects, and MSquared recently closed on $42 million in construction financing to complete a 78-unit affordable housing project in Newark, New Jersey. The property will occupy a portion of an existing residential complex at 250 Georgia King Village in the city’s Fairmount neighborhood.
SJP Properties and Scotto Properties have revealed the first new renderings of Valley National Bank’s new headquarters in Morristown, New Jersey. Located along Speedwell Avenue near Cattano Avenue, the building will replace several vacant commercial properties where demolition has already begun.
New York development firm Rabina has closed on a $540 million construction package to complete a new supertall tower at 520 Fifth Avenue. Designed by Kohn Pedersen Fox, the structure will top out at 1,000 feet and contain a collection of condominiums and associated amenity spaces, boutique office space, a ground-floor retail component, and public recreation space.
Construction is now underway at 111 Willoughby Street, a 40-story residential tower in Downtown Brooklyn. Designed by GF55 Architects and developed by The Michaels Organization and joint-venture partners Triangle Equities and Geolo Capital, the 437-foot-tall building will yield 205,000 square feet and 227 rental homes.
Skyline Development Group has announced immediate occupancy at Solaia, a new 14-story condominium building in North Bergen, New Jersey. Designed by Architectura, the property is located in the Palisades Cliffs at 8701 Churchill Road and houses a collection of 70 homes.
