Developer Teddy Li recently secured financial backing from Madison Realty Capital to facilitate completion of a new 240-key Staybridge Suites hotel in Long Island City. Located at 38-59 11th Street, the development will comprise approximately 183,000 square feet and top out at 24 stories.
Hudson County executive Tom DeGise and Jersey City mayor Steven M. Fulop are working in partnership to create a new three-acre public park in Journal Square, New Jersey. The park will debut as part of the forthcoming Honorable Frank J. Guarini Justice Complex, which also includes a mix of public and civic facilities.
Merchants Capital recently secured funding to redevelop a historic hospital structure in Jamaica, Queens into low-income and supportive housing. The announced funding package amounts to $21 million in the form of a Freddie Mac unfunded forward Low-Income Housing Tax Credit (LIHTC) cash loan on behalf of private affordable housing developer Dunn Development Corp.
Buyers are now moving into a newly complete condominium building at 91 Leonard Street in TriBeCa, Manhattan. The structure was completed earlier this year by Toll Brothers City Living, the urban development division of Toll Brothers, Inc.
Developers and city officials recently gathered at 405 Dumont Avenue to celebrate the commencement of construction on a new 100-percent affordable housing project. The development is known as Van Dyke III and is situated within the Van Dkye Houses campus in Brownsville, Brooklyn.
