HAP Investment Developers first announced 247-249 East 117th Street in 2017 following a purchase of the build site for an estimated $3.2 million. Today, the project is known as HAP NINE, and YIMBY has a first look at the design’s renderings from Fischer + Makooi Architects.
Alloy Development will today appear before the city’s Landmarks Preservation Commission to obtain approval for a residential conversion in Brooklyn’s DUMBO Historic District. Located at 168 Plymouth Street, the development includes the transformation of a five-story structure at 50 Jay Street, and a neighboring seven-story building at 42 Jay Street.
Extell Development Company has announced the successful acquisition of $530 million in financing for Brooklyn Point, its first development in the borough. When complete, the 720-foot-tall structure will become the tallest residential tower in Brooklyn, surpassing The Hub, located just to its south.
The NYC Ferry system has announced two expanded routes which will now include the Lower East Side, Manhattan, and The Bronx. The expanded service arrives as a joint initiative with The New York City Economic Development Corporation (NYCEDC) and Hornblower, a private cruise and charter company that operates NYC’s ferry network.
GDS Development has acquired an additional 7,410 square feet of air rights for their planned condominium development at 500 West 25th Street, in West Chelsea. The air rights were purchased from Brookfield and Related. Valued at $685 per square foot, GDS’ additional investment totals about $5.1 million.
