Construction is now complete at 122 Fifth Avenue, where Bromley Companies has invested more than $100 million to renovate the 11-story office building. Led by STUDIOS Architecture, the building now offers 300,000 square feet of modern office space, a rooftop terrace and pavilion, and a collection of amenity spaces.
Innovo Property Group, represented by JLL Capital Markets, has secured $354 million in financing to complete a new industrial development at 28-90 Review Avenue in Long Island City, Queens. Total capitalization includes multiple financial packages for acquisition, construction, and development costs provided by Axos Bank, Cerberus Capital Management, and Goldman Sachs Asset Management’s Urban Investment Group.
Seventh Street Development Group has closed on a $62.25 million construction loan to complete a new mixed-use building at 1730 Bedford Avenue in Crown Heights, Brooklyn. Designed by Rise Architecture, the building will top out at seven stories and comprise about 162,000 square feet.
Alexander Development Group and The Bluestone Organization have just completed one of the world’s largest Passive House multifamily rental properties at 42 West Broad Street in Mount Vernon, New York. Known simply as 42 Broad, the property is designed by Perkins Eastman and comprises 249 market-rate apartments, more than 20,000 square feet of amenities, a parking garage, and high-efficiency mechanicals that significantly limit the structure’s energy use and carbon emissions.
Biddle Real Estate Ventures and PCD Development have revealed new images of The Daymark, a condominium property at 4 Lighthouse Landing in Sleepy Hollow, New York. Designed by COOKFOX Architects, the Daymark’s 100 residences will include a mix of traditional and townhome-style units, an assortment of amenity spaces, and 9,000 square feet of ground-floor retail space.
