CIM Group


Leasing Launches for Magnolia DUMBO at 85 Jay Street in DUMBO, Brooklyn

Leasing has begun for 85 Jay Street, a 1.1-million-square-foot residential development in DUMBOBrooklyn. Designed by Morris Adjmi Architects, the project consists of a pair of 21-story buildings that rise from a multi-level podium with multiple retail spaces. The residential component comprises Front & York, a collection of 408 condominiums from CIM Group and LIVWRK, and Magnolia DUMBO, a slate of 320 rental units from RXR Realty with marketing led by Douglas Elliman Development Marketing Group. New Line Structures is the general contractor for the property, which occupies a full-block parcel bound by Front Street to the north, York Street to the south, Bridge Street to the east, and Jay Street to the west.

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Rendering shows Two Bridges waterfront with several proposed large-scale buildings. Credit: SHoP Architects.

Two Bridges Associates Files Permits for 71-Story Skyscraper at 265 South Street on the Lower East Side

Permits have been filed for a 71-story mixed-use skyscraper with affordable Housing at 265 South Street in Manhattan’s Lower East Side. Located adjacent to Rutgers Park between Jefferson Street and Frank T. Modica Way, the lot was previously addressed as 260 South Street. Four blocks north of the site is the East Broadway subway station, serviced by the F train. Two Bridges Associates L.P., a partnership between L+M Development Partners and the CIM Group, is listed as the owner behind the applications.

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Front & York’s Exterior Nears Completion at 85 Jay Street in DUMBO, Brooklyn

Exterior work is closing in on completion on Front & York, a 1.1-million-square-foot residential development at 85 Jay Street in DUMBO, Brooklyn. Designed by Morris Adjmi Architects and developed by CIM Group and LIVWRK, the full-block project consists of a pair of 21-story buildings that rise from a multi-level podium. The property will yield a total of 728 apartments with prices for the 408 condominiums starting around $950,000.

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247 Cherry Street and 252 South Street, image from JDS

NIMBY Lawsuits Fail Against Two Bridges Supertalls, On Manhattan’s Lower East Side

This week the New York State Court of Appeals shut down a lawsuit opposing the development of four new skyscrapers in Lower Manhattan’s Two Bridges neighborhood, as reported in The Broadsheet. This legal move upheld the August ruling by Appellate Division of the New York State Supreme Court in favor of a group of developers, including JDS Development Group, CIM Group, L+M Development Partners, and Starrett Corporation, to build four more towers along the Two Bridges waterfront on the Lower East Side. The site is bound by Cherry Street to the north, South Street to the south, mid-block between Pike Slip and Rutgers Street to the west, and mid-block between Clinton and Montgomery Streets to the east.

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