The Future Of The Flower District Is Up In The Air As New Developments Grow On West 28th Street

4:00 pm on November 13, 2015 By Vitali Ogorodnikov

The single-purpose commercial district is a staple of the city’s urban patchwork, whether it is the Diamond District at 47th Street and Fifth Avenue in Midtown, the Lighting District along the Bowery, or the former Radio Row in Lower Manhattan. Among these spaces, the Flower District in Midtown South is among the most unique. The concrete jungle meets the green jungle on sidewalks lined with rows of flowers and shrubbery. Yet while the District has been around for over a century, ongoing transformations are shaking its identity to the core.

Read More
5 Atlantic Avenue

Backfilling Begins For 84-Unit Residential Development At 5 Atlantic Avenue, East Rockaway

3:00 pm on November 13, 2015 By Reid Wilson

Beechwood Organization has demolish the dilapidated warehouses at 5 Atlantic Avenue, in East Rockaway, and is now backfilling the property to make way for an 84-unit residential development. The project, dubbed Marina Pointe, will consists of four-story buildings in the form of attached townhouses and condominiums, LI Herald reports. Site preparation should be complete by early 2016, with construction following shortly after. Completion is expected before 2017. The site is located across the street from the East Rockaway Long Island Rail Road station, in southern Nassau County.

Read More
500 Avenue At Port Imperial

Financing Secured For 364-Key Hotel Project At Port Imperial Ferry Terminal, Weehawken

2:00 pm on November 13, 2015 By Reid Wilson

Roseland, a branch of Mack-Cali Realty Corporation, has landed $94 million to build a 364-key hotel development at 500 Avenue At Port Imperial, in Weehawken, New Jersey. According to Real Estate Weekly, the project will include a 210-key Renaissance hotel and a separate 154-key Residence Inn, both to be operated by Marriott. The hotel will be built atop an existing multi-level parking garage, and 15,000 square feet of outdoor space is planned on the sixth floor. Completion is expected near the end of 2017.

Read More
315 South Harrison Street

Seven-Story, 150-Unit Mixed-Use Project At 315 South Harrison Street Lands Financing, East Orange

1:00 pm on November 13, 2015 By Reid Wilson

Newark, New Jersey-based Blackstone 360 has secured $43.5 million in financing for their planned seven-story, 105-unit mixed-use project at 315 South Harrison Street, in East Orange, New Jersey. The building will be rentals and includes 30,000 square feet of ground-floor commercial space. Unfortunately, the structure will take on a tower-in-the-park configuration, per renderings by the developer. According to Real Estate Weekly, the financing will also be used to purchase Indigo 141, a 12-story, 105-unit apartment building a few blocks away at 141 South Harrison.

Read More