Carmel Partners landed a $233 million loan to complete a 17-story rental building at 54 Crown Street in Crown Heights, Brooklyn. Designed by Hill West Architects, the structure will contain 569 apartments, 182 enclosed parking spaces, around 7,500 square feet of ground-floor retail space, and a 1,500-square-foot community facility.
A pair of private investors has revealed plans to redevelop a historic homestead into an assisted living and memory care facility in Nassau County, Long Island. Led by Charles Ferraro and Nicholas Racanelli, the three-story building in Bay Shore will debut as Netherbay at Bay Shore and contain 72 individual apartments and advanced medical care and rehabilitation facilities.
Simone Healthcare Development and Catholic Health have completed a new urgent care and ambulatory center at 2112 Middle Country Road in Centereach, Long Island. Known as the Catholic Health Ambulatory & Urgent Care, the 63,000-square-foot facility will offer diagnostic imaging, an on-site pharmacy, and a dedicated suite for gastroenterologists.
L&L Holding Company has unveiled a pair of prominent artworks at Norman Foster‘s 425 Park Avenue office skyscraper in Midtown East. The artworks now occupy the building’s jewel box triple-height lobby and show on a digital display on the three ornamental fins that crown the structure.
The Community Lending and Investment division of Wells Fargo has reached a new milestone, $780.3 million in construction financing for affordable housing projects in New York City and Westchester County. The figure represents five loans, all closed in June 2023, the company’s largest-ever half-cycle allocation.
