Grubb Properties has closed on an $86 million loan to construct a residential skyscraper at 111 Washington Street in Manhattan’s Financial District. The development was originally addressed as 8 Carlisle Street and was expected to top out at 50 stories. Updated plans specify a 64-story tower with more than 326,000 square feet of interior space.
Developers and city officials gathered at 117 West 79th Street to celebrate the opening of Park 79, a new affordable housing project for seniors on Manhattan’s Upper West Side. The building contains 77 apartments, on-site supportive and social services, and a collection of indoor and outdoor amenity spaces.
Construction is now complete at 122 Fifth Avenue, where Bromley Companies has invested more than $100 million to renovate the 11-story office building. Led by STUDIOS Architecture, the building now offers 300,000 square feet of modern office space, a rooftop terrace and pavilion, and a collection of amenity spaces.
Alexander Development Group and The Bluestone Organization have just completed one of the world’s largest Passive House multifamily rental properties at 42 West Broad Street in Mount Vernon, New York. Known simply as 42 Broad, the property is designed by Perkins Eastman and comprises 249 market-rate apartments, more than 20,000 square feet of amenities, a parking garage, and high-efficiency mechanicals that significantly limit the structure’s energy use and carbon emissions.
Construction is now complete on The Wales, a newly converted condominium property at 1295 Madison Avenue in the Carnegie Hill section of Manhattan’s Upper East Side. Led by owner-developer Adellco alongside Parisian design studio PINTO, the building features 21 homes and a modest collection of amenity spaces. The property is located at the corner of 92nd Street and Madison Avenue.
