Construction is now complete on The Fountains, a six-building affordable housing complex in East New York, Brooklyn. Developed by Long Island-based Arker Companies, which purchased the site for $10 million following a competitive request for proposal process facilitated by the Empire State Development Corporation, the development yields 1,163 affordable homes, commercial space, and a new public plaza.
UliPath, a global automation software company, is the latest tenant to set up shop at One Vanderbilt, one of the most coveted commercial office towers in Midtown, Manhattan. SL Green Realty, Manhattan’s largest office landlord, closed on the 15-year full-floor lease at the end of September.
SCALE Lending recently provided $65.9 million in financing to facilitate the completion of a new 19-story residential building at 26-25 Fourth Street in Astoria, Queens. Designed by J Frankl Associates and developed by Bruman Realty, the 289,000-square-foot structure will stand 204 feet tall and yield 165 rental apartments, 38,000 square feet of retail space, and a 101-vehicle parking garage on a lot between 26th and 27th Avenues.
Resolution Real Estate has completed a major renovation of the historic McGraw-Hill Publishing Company Building at 330 West 42nd Street in Midtown, Manhattan. Designed by American architect Raymond Hood, the 35-story building was originally constructed in 1931 and is considered a standout example of Art Deco design.
Leasing is now underway at 945 Stuyvesant Avenue, a new mixed-used building at Centurion Union Center in Union, New Jersey. The four-story property comprises a mix of rental apartments, amenity spaces, ground-floor retail, and surface-level parking.
