Fogarty Finger

Window Installation Progresses on 1 Park Row in Financial District, Manhattan

Exterior work is moving along on 1 Park Row, a 23-story mixed-use building in Lower Manhattan’s Financial District. Designed by Fogarty Finger Architects and developed by Circle F Capital, which received a $90 million construction loan from Parkview Financial in 2021, the 305-foot-tall structure will span 103,000 square feet and yield 58 condominium units in one- to three-bedroom layouts with interior design by Paris Forino, along with 19,000 square feet of office and retail space on the lower levels. Cauldwell Wingate is the general contractor and 1 Park Row Development LLC is the owner of the property, which is located at the intersection of Park Row and Ann Street, directly across from the southern tip of City Hall Park.

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Arris Grand, courtesy of Fogarty Finger

SCALE Lending Finalizes $46 Million Bridge Loan for Arris Grand in Clinton Hill, Brooklyn

SCALE Lending, the debt financing division of Slate Property Group, has finalized a $46 million bridge loan for Arris Grand, a recently completed nine-story residential building at 982-998 Fulton Street in Clinton Hill, Brooklyn. The loan will be utilized to pay off the existing construction loan and support the lease-up phase of the multifamily building.

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Excavation Begins at 29-15 40th Road in Long Island City, Queens

Construction has broken ground at 29-15 40th Road, the site of a new residential building in Long Island City, Queens. Details are slim for the project, which is being designed by Fogarty Finger Architects and developed by SB Development, which also acquired the adjacent lot at 29-13 40th Road for $8.7 million over the fall. 29-15 40 RD LLC is listed as the owner and Alba Services Inc. served as the demolition contractor for the property, which is located on an interior lot bound by 40th Avenue to the north and 40th Road to the south.

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Housing Lottery Launches for Arris Grand at 445 Grand Avenue in Clinton Hill, Brooklyn

The affordable housing lottery has launched for Arris Grand, a nine-story residential building at 445 Grand Avenue in Clinton Hill, Brooklyn. Designed by Fogarty Finger and developed by KD Sagamore-Ranger Fulton LLC, the structure yields 113 residences, 7,652 square feet of ground-floor commercial space, and a 4,362-square-foot community center for the Seventh Day Adventist Church. Available on NYC Housing Connect are 34 units for residents at 80 to 130 percent of the area median income (AMI), ranging in eligible income from $55,715 to $198,250.

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