The Sapir Organization has partnered with Industrious to create a new co-working office space at 261 Madison Avenue in Midtown, Manhattan. The co-working suite, a former WeWork property, will occupy the building’s ninth and tenth floors or approximately 44,000 square feet.
Namdar Group, a family-owned developer based in New York City, has closed on a $96 million financing package to complete a new high-rise residential building in Jersey City. The property is located at 26 Van Reipen Avenue and will eventually support a 27-story building with 235 rental apartments and ground-floor retail.
Construction is now complete at Park Avenue Apartments, a mixed-income affordable housing property in Claremont, The Bronx. Located at 3500 Park Avenue, the seven-story building comprises 115 units of affordable housing, including 69 units with supportive services funded through the Empire State Supportive Housing Initiative.
Improvements to a 1.7-mile stretch of State Route 112 in Suffolk County, Long Island are now complete. The $32.7 million project spans from Medford to Coram and includes wider travel lanes, new turning lanes at key intersections, pull-off areas for buses, new drains for stormwater runoff, and a landscaped median. Additional improvements include dedicated bike lanes in both directions, new sidewalks, curb ramps, reflective pavement markings, and crossing signals to enhance safety for pedestrians.
Leasing has officially commenced at 351 Marin Boulevard, a new 38-story rental property in Jersey City’s Powerhouse Arts District. Developed by Kushner Real Estate Group (KRE) and joint venture partner Northwestern Mutual, the property comprises 507 apartments. The mix of units includes studios and one- and two-bedroom homes.
