Gansevoort Peninsula Park Nears Completion on the West Village Waterfront, Manhattan

8:00 am on July 21, 2023 By Michael Young

Work is nearing completion on Gansevoort Peninsula Park, a new 5.5-acre public recreational green space along the Hudson River waterfront off the West Village. Designed by James Corner Field Operations and commissioned by the Hudson River Park Trust, the park will contain a full-size soccer field surrounded by lush landscaping and shrubbery, numerous pathways, stepped seating, a children’s playground, kayak slips, a salt marsh, a dog run, viewing platforms, and Manhattan’s first public sandy beach. The site is located next to Pier 53, directly across from the Whitney Museum of American Art along Hudson River Park.

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Rendering of 28-90 Review Avenue - Courtesy of Innovo Property Group; KSS Architects

JLL Arranges $354M Total Capitalization for Industrial Project at 28-90 Review Avenue in Long Island City, Queens

7:30 am on July 21, 2023 By Sebastian Morris

Innovo Property Group, represented by JLL Capital Markets, has secured $354 million in financing to complete a new industrial development at 28-90 Review Avenue in Long Island City, Queens. Total capitalization includes multiple financial packages for acquisition, construction, and development costs provided by Axos Bank, Cerberus Capital Management, and Goldman Sachs Asset Management’s Urban Investment Group.

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Housing Lottery Launches for 1818 Prospect Avenue in Crotona Park East, The Bronx

6:30 am on July 21, 2023 By Vanessa Londono

The affordable housing lottery has launched for 1818 Prospect Avenue, a seven-story residential building in Crotona Park East, The Bronx. Developed by Moses Freund of The Vaja Group and designed by BTE Design Services, the structure yields 46 residences. Available on NYC Housing Connect are five units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $147,292 to $227,630.

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JPMorgan Chase’s Headquarters Approaches Supertall Status at 270 Park Avenue in Midtown East, Manhattan

8:00 am on July 20, 2023 By Michael Young

Construction is climbing higher on JPMorgan Chase‘s 1,388-foot supertall headquarters at 270 Park Avenue in Midtown East. Designed by Lord Norman Foster of Foster + Partners with Adamsom Associates as the architect of record and developed by Tishman Speyer, the 60-story skyscraper will yield 2.5 million square feet of office space with a capacity of 15,000 employees, and will become the tallest structure in New York completely powered by hydroelectric energy. JB&B is the MEP engineer and AECOM Tishman is the general contractor for the full-block property, which is bound by East 48th Street to the north, East 47th Street to the south, Park Avenue to the east, and Madison Avenue to the west.

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