Newark’s historic Walker House at 540 Broad Street is now home to a local brewery and a 22,000-square-foot indoor rock-climbing gym, the latest phase of a multimillion-dollar redevelopment plan led by LMXD, Prudential Financial Inc., and Goldman Sachs Urban Investment Group. Located in the heart of downtown, Newark Local Beer and Method Climbing + Fitness sit below 20 stories of rentals that debuted in 2020.
Permits have been filed for an eight-story mixed-use building at 310 North 7th Street in Williamsburg, Brooklyn. Located between Meeker Avenue and Havemeyer Street, the lot is one block from the Metropolitan Avenue subway station, serviced by the G train. Yisroel Greenfeld is listed as the owner behind the applications.
Permits have been filed for a six-story mixed-use building at 1763 West Farms Road in Crotona Park East, The Bronx. Located between East 174th Street and Cross Bronx Expressway Service Road, the lot is six blocks east of the 174th Street subway station, serviced by the 2 and 5 trains. Manny Felberbaum under the 1759-63 West Farms Road LLC is listed as the owner behind the applications.
Construction is set to resume on The XI, with a revised completion date of “Winter 2024” posted for the stalled two-tower mixed-use project at 76 Eleventh Avenue in Chelsea. Designed by Bjarke Ingels Group and developed by 76 Eleventh Avenue Property Owner LLC, the twisting 26- and 36-story structures have stood topped out and unfinished since late 2019, when reports of trouble began to surface about the former developer, HFZ Capital Group. In late 2021, Steve Witkoff purchased the property in a foreclosure sale for $900 million and partnered with Access Industries and Monroe Capital, and it now appears that the project is back on track, with an updated board at the property listing Suffolk Construction Corporation as the new general contractor, replacing Omnibuild. The full-block site is located adjacent to the High Line and is bound by Tenth Avenue to the east, West Street to the west, West 17th Street to the south, and West 18th Street to the north.
Lam Group and Exact Capital Group have closed on a $167.5 million construction loan to refinance Victoria Tower Residences, a 26-story mixed-use rental property in Central Harlem. The building is located at 233 West 125th Street, a site formerly occupied by the historic Victoria Theatre.
