The Westchester City Planning Board has greenlit the development of Tryp Hotel by Wyndam at 115 Cedar Street in downtown New Rochelle. The 24-story hotel will contain 225 short stay rooms in addition to a flexible event center.
RockFarmer Properties is readying for the second phase of Astoria Lights, a redevelopment of a 20s-era property in Astoria, Queens. Originally constructed in 1929, RockFarmer began the first phase of the conversion of in 2014, which introduced 57 co-op apartments. Phase two of the development will include an additional 38 units that are on track to launch in 2020. With completion just one year away, developers have unveiled a sales gallery and model residence with pricing beginning at $475,000.
The long-planned redevelopment and vertical expansion of Harlem’s Historic Victoria Theatre at 233 West 125th Street is one step closer to completion with both residential and hotel components officially topped out. Designed by Aufgang Architects and developed by Exact Capital Group and Lam Group, the expanded property includes a new 26-story, 210-key Marriott Renaissance Hotel and an adjacent 27-story, 191-unit apartment tower.
Crown Heights-based company Happy Living Development will soon launch sales for a collection of 39 residences at Luna, a new condominium building in Gowanus, Brooklyn. With occupancy expected by the end of the year, the developer has also announced the opening of a sales gallery and model residence for prospective buyers.
L+M Development Partners and Prudential Financial have teamed up to complete a sweeping renovation of Zion Towers, an affordable housing block in Newark, New Jersey. In a recent announcement, the two firms also revealed a successfully brokered deal with the New Jersey Department of Community Affairs to extend the property’s Section 8 contract for an additional 11 years to facilitate necessary financing to begin capital improvements within.
