Property Markets Group

267 Bond and 498 Sackett Streets Rise Above Gowanus, Brooklyn

Construction is rising on Society Brooklyn and Sackett Place, a pair of 21-story residential buildings at 267 Bond Street and 498 Sackett Street in Gowanus, Brooklyn. Designed by SLCE Architects and developed by Property Markets Group, which acquired both plots for $9 million in 2021, the complex will span 594,000 square feet and yield 517 residential units and 52,000 square feet of commercial space. The project is proceeding with $18.5 million in construction financing from Maxim Capital Group. Urban Atelier Group is the general contractor for the project, which is bound by DeGraw Street to the north, Sackett Street to the south, the Gowanus Canal to the east, and Bond Street to the west.

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Two-Tower Development Taking Shape at 267 Bond and 498 Sackett Streets in Gowanus, Brooklyn

Foundation work is wrapping up on Society Brooklyn and Sackett Place, a pair of 21-story residential buildings at 267 Bond Street and 498 Sackett Street in Gowanus, Brooklyn. Designed by SLCE Architects and developed by Property Markets Group, which acquired both plots for $9 million in 2021, the complex will yield a combined 594,000 square feet with 517 residential units and 52,000 square feet of commercial space. The development is proceeding with $18.5 million in financing from Maxim Capital Group. Urban Atelier Group is the general contractor for the project, which is bound by DeGraw Street to the north, Sackett Street to the south, the Gowanus Canal to the east, and Bond Street to the west.

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Studio Sofield Reveals Residential Amenities at 111 West 57th Street in Midtown, Manhattan

Last week, YIMBY attended a special unveiling of the amenity spaces at 111 West 57th Street, a 1,428-foot residential supertall on Billionaires’ Row in Midtown. Designed by SHoP Architects and developed by JDS Development Group, Property Markets Group, and Spruce Capital Partners, the 84-story skyscraper yields 60 units and incorporates the restored Steinway Hall, the landmarked former showroom of the Steinway & Sons piano company. Corcoran Group is the exclusive sales and marketing representative for the property, which is located between Sixth and Seventh Avenues. Available residences range from $7,750,000 to $66,000,000.

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Closings Underway for SHoP Architects’ 111 West 57th Street in Midtown, Manhattan

Closings have begun for the 46 condominium units within the main tower of 111 West 57th Street, a 1,428-foot residential supertall in Midtown. Designed by SHoP Architects and developed by JDS DevelopmentProperty Markets Group, and Spruce Capital Partners, the 84-story edifice stands as the world’s most slender building. Studio Sofield is the interior designer and The Corcoran Group is leading sales and marketing for the residences, which also include 14 homes within the restored Steinway Hall building in the podium. WSP is the structural engineer, RWDI consulted with the design of the 800-ton tuned mass damper, Jaros, Baum & Bolles is the MEP engineer, R&R Scaffolding Ltd. provided the building maintenance unit (BMU) sitting atop the crown, and BuroHappold Engineering is the façade consultant for the project, which is located between Sixth and Seventh Avenues on Billionaires’ Row.

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111 West 57th Street’s Podium Nears Completion in Midtown, Manhattan

Work is nearing full completion on 111 West 57th Street as construction wraps up on the lower podium section of the 1,428-foot residential supertall in Midtown, Manhattan. Designed by SHoP Architects and developed by JDS DevelopmentProperty Markets Group, and Spruce Capital Partners, the 84-story skyscraper will yield 60 condominiums designed by Studio Sofield and marketed by The Corcoran Group. WSP is the structural engineer, Jaros, Baum & Bolles is the MEP engineer, R&R Scaffolding Ltd. provided the building maintenance unit (BMU) sitting atop the crown, RWDI consulted with the design of the dampening system, and BuroHappold Engineering is the façade consultant for the tower, which is located between Sixth and Seventh Avenues on Billionaires’ Row.

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