Cantor Fitzgerald and Silverstein Properties have secured $165 million in construction financing to complete a 351-unit apartment building currently under construction in Astoria, Queens. The property is located at 44-01 Northern Boulevard and will also contain around 25,000 square feet of retail space, 200 parking spots, and 20,000 square feet of tenant amenities.
Construction is nearing completion on Ivy and Green, a new rental property at 1 Park Avenue in Hackensack, New Jersey. The project is the latest from developer Hornrock Properties and design partner Minno & Wasko Architects. When complete, the building will have 221 apartments that range from studios up to two-bedroom homes.
Manhattan’s Garment District is the latest neighborhood to receive an award from the NY Forward program, a state-funded initiative that supports strategic revitalization plans across New York. The $4.5 million award will specifically support local efforts to create a robust economic district with attractive investment opportunities, engaging public spaces, and improved public safety.
AMS Acquisitions has completed Summerhill Gardens, a 96-unit rental complex at 377 Summerhill Road in East Brunswick, New Jersey. Designed by Minno & Wasko Architects, the complex features four neighboring buildings that are positioned around an L-shaped parking lot.
McSam Hotel Group recently secured a $35 million loan to complete a Marriott SpringHill Hotel currently under construction in Times Square, Manhattan. Located at 223 West 46th Street between Seventh and Eighth Avenues, the 200-key hotel is designed by Gene Kaufman Architects and will comprise around 70,000 square feet.
