Camber Property Group has completed a $105 million acquisition of three Project Based Section 8 affordable housing complexes formerly owned by Omni New York. The three properties include Grace Towers, a 168-unit building in East New York, Brooklyn; Target V Apartments in the Morris Heights section of The Bronx; and Madson Apartments in East Harlem.
Orlando Development this week revealed 62 Mason Street, a new boutique condominium property in Greenwich, Connecticut. Following meticulous restoration and remodeling, the property now comprises seven residences, each with private outdoor space, 11-foot ceiling spans, and oversized windows to maximize the flow of natural light. With each purchase, owners will also receive two dedicated parking spaces and private storage.
SCALE Lending has provided K2 Real Estate Partners with a $68.5 million construction loan to complete a mixed-use residential building in Prospect Lefferts Gardens, Brooklyn. The project site is located at 210 Clarkson Avenue and will eventually support an eight-story property designed by Hill West Architects with 165 rental apartments and a ground-floor grocery store.
Leasing officially launched this week for Vermella at Garwood Station, a new residential complex in Garwood, New Jersey. From Russo Development, the property introduces 296 apartments, 40,000 square feet of indoor and outdoor amenity spaces, and 19,500 square feet of retail.
An abstract sculpture from artist Frank Stella is now on display at 7 World Trade Center in the Financial District. Titled “Jasper’s Split Star,” the sculpture is located within the Silverstein Family Park between West Broadway and Greenwich Street, a location that was previously occupied by Jeff Koons’ signature “Balloon Flower (Red).”
