41 Aetna Street

City Launches Request for Proposals for Mixed-Use Development Site at 41 Aetna Street, Jersey City

10:00 am on November 28, 2016 By Reid Wilson

The Jersey City Redevelopment Agency (JCRA) has launched a request for proposals (RFP) for the city-owned development site consisting of 41 Aetna Street and the southern portion of 52 Aetna Street, located in downtown Jersey City’s Liberty Harbor section. The city is seeking a developer that would build a mixed-use project. The site could accommodate residential units, commercial spaces such as offices, retail, and hotels, and community spaces such as academic and medical facilities. Significant infrastructure work must also be done by the developer, Jersey Digs reported. The two-acre plot contains a number of small industrial structures and must first be remediated. Proposals are due December 16.

Read More

Façade in Progress at Recently Topped-Out, Nine-Story Dutch LIC at 25-19 43rd Avenue, Long Island City

8:00 am on November 28, 2016 By Vitali Ogorodnikov

The nine-story Dutch LIC at 25-19 43rd Avenue has been topped out within the past month and is starting to receive exterior cladding, as red brick climbs along its eastern façade. Even in its unfinished state, the 86-unit residential project leaves a distinctive mark in Long Island City’s booming Court Square district. The design by GF55 Partners appears conventional from many angles. The building is notable for its sharp-angled south corner, anchored by a heavy steel truss at the base. Both of the striking features were conceived as responses to a challenging site. The project is built by Ekstein Development, with EFT Skyline Construction LLC serving as the general contractor.

Read More
817 Broadway

Renovation Planned for 14-Story, 114,000-Square-Foot Commercial Building at 817 Broadway, Greenwich Village

6:30 am on November 28, 2016 By Reid Wilson

Taconic Investment Partners, TH Real Estate, and Squire Investments have acquired, for $109 million, the 14-story, 114,000-square-foot commercial building at 817 Broadway, located on the corner of East 12th Street in Greenwich Village. The new owners plan to let the leases of existing office and retail tenants expire so that a top-down renovation can begin, Real Estate Weekly reported. The building would get a redesigned lobby, a complete façade restoration, renovated retail and office space, and upgraded mechanical infrastructure. A construction timeline has not been disclosed. A $102 million acquisition and construction loan has already been secured.

Read More