Westchester County’s Industrial Development Agency has approved financial incentives for Regeneron Pharmaceuticals’ $1.8 billion campus expansion project in Tarrytown. With the expansion, Regeneron expects to create more than 2,700 new construction jobs, around 1,000 permanent positions, and an estimated $357 million in economic activity for Westchester County.
Construction is now topped out at the third and final residential tower in Jersey City’s Journal Squared complex in New Jersey. Located at 595 Pavonia Avenue in the city’s Journal Square neighborhood, the 60-story building will eventually contain 596 rental apartments, and 18,000 square feet of amenities.
A residential conversion of the Hudson Hotel will move forward following the acquisition of a $100 million financial package from Northwind Group. Located at 358 West 58th Street in Hell’s Kitchen, Manhattan, the existing 878-key hotel will be redeveloped to support 441 rental apartments and more than 50,000 square feet of retail space. CSC Coliving, repeat Northwind Group borrowers, will oversee the conversion of the property, which is situated between Eighth and Ninth Avenues, just southwest of Columbus Circle and Central Park.
Century 21 has reopened in its Financial District flagship in Manhattan after nearly three years of closure. Located at 22 Cortlandt Street, the bargain fashion retailer first opened in the 1960s as a family operation run by Al and Sonny Gindi. The size of the store, once ranked among the largest retail locations in Manhattan, has been reduced from its original six-story footprint to four floors at the primary 22 Cortlandt Street building.
The Domain Companies has shared a collection of interior renderings for Estela, a two-building rental property at 414 and 445 Gerard Avenue in the Mott Haven section of The Bronx. Designed by S9 Architecture, the development contains a mix of 380 market-rate apartments, 164 affordable housing units, and around 9,000 square feet of ground-floor retail space. The property is located near the Harlem River between East 144th and 146th Streets.
