Excavation Begins at 1036 Manhattan Avenue in Greenpoint, Brooklyn

7:30 am on January 7, 2024 By Michael Young and Matt Pruznick

Excavation is underway at 1036 Manhattan Avenue, the site of an eight-story mixed-use building in Greenpoint, Brooklyn. Designed by Ismael Leyva Architects and developed by ASH NYC under the 170 Freeman LLC, the 83-foot-tall structure will span 56,408 square feet and yield 67 rental units with an average scope of 654 square feet, as well as 767 square feet of commercial space, a cellar, and a 30-foot-long rear yard. MNC General Contractors Corp. is the general contractor for the property, which is located at the corner of Manhattan Avenue and Freeman Street.

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200 Fifth Avenue, via BXP

DoorDash Expands New York Presence with Lease at 200 Fifth Avenue In Flatiron, Manhattan

7:00 am on January 7, 2024 By Max Gillespie

In a major expansion of its New York operations, DoorDash has inked a lease for more than 115,000 square feet at 200 Fifth Avenue, a 13-story commercial building in Flatiron, Manhattan. The deal is an expansion of the 57,691 square feet that it currently occupies in the structure, which is located at the intersection of Fifth Avenue, Broadway, and 23rd Street along Madison Square Park.

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Permits Filed for 115 Seventh Avenue in Chelsea, Manhattan

6:30 am on January 7, 2024 By Vanessa Londono

Permits have been filed for a vertical expansion and repurposing of an existing seven-story commercial building into a 12-story mixed-use structure at 115 Seventh Avenue in Chelsea, Manhattan. Located between West 16th Street and West 17th Street, the lot is one block north of the 18th Street subway station, serviced by the 1 train. Robert Shengchu Huang is listed as the owner behind the applications.

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New Renderings Released For 625 Fulton Street in Downtown Brooklyn

8:00 am on January 6, 2024 By Michael Young and Matt Pruznick

New renderings have been released for 625 Fulton Street, a 35-story mixed-use skyscraper that currently stands topped out in Downtown Brooklyn. Designed by Fischer Rasmussen Whitefield Architects and developed by Rabsky Group with $450 million in construction financing from Madison Realty Capital, the 500-foot-tall structure will yield 1,098 rental units, 26,000 square feet of retail space on the lower levels, and an on-site parking garage for 250 vehicles. Galaxy Developers is the general contractor for the property, which is alternately addressed as 485 Hudson Avenue and bound by the 34-story 80 DeKalb Avenue to the north, Fulton Street to the south, Rockwell Place to the east, and Hudson Avenue to the west.

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Arris Grand, courtesy of Fogarty Finger

SCALE Lending Finalizes $46 Million Bridge Loan for Arris Grand in Clinton Hill, Brooklyn

7:30 am on January 6, 2024 By Max Gillespie

SCALE Lending, the debt financing division of Slate Property Group, has finalized a $46 million bridge loan for Arris Grand, a recently completed nine-story residential building at 982-998 Fulton Street in Clinton Hill, Brooklyn. The loan will be utilized to pay off the existing construction loan and support the lease-up phase of the multifamily building.

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