Goldman Sachs

Site Preparations Underway for Majestic at 540 DeGraw Street in Gowanus, Brooklyn

Crews are readying for excavation at the site of Majestic, a 12-story residential building at 540 DeGraw Street in Gowanus, Brooklyn. Designed by Handel Architects and developed by Domain Companies, Goldman Sachs Asset Management’s Urban Investment Group, Vorea Group, and Mega Development, the 146-foot-tall structure will span 244,882 square feet and yield 268 rental units with an average scope of 861 square feet, as well as 13,929 square feet of retail and office space and 45 enclosed parking spaces. Twenty-five percent of the apartments will be designated for affordable housing. Future Green Studio is the landscape designer and Mega Contracting Group is the general contractor for the property, which is alternately addressed as 537 Sackett Street and bound by DeGraw Street to the north, Sackett Street to the south, and Nevins Street to the west.

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Façade Installation Begins on 550 Tenth Avenue in Hell’s Kitchen, Manhattan

Work is unfolding rapidly on 550 Tenth Avenue, a 47-story residential skyscraper in Hell’s Kitchen, Manhattan. Designed by Handel Architects and developed by Gotham Organization and Goldman Sachs Asset Management JV, the 520-foot-tall structure will yield 430,000 square feet and 453 rental units, with 137 reserved for affordable housing, as well as 9,000 square feet of lower-level retail space, over 20,000 square feet of amenities, and 26,764 square feet of administrative office space for Covenant House. GO Covenant LLC is the owner and Monadnock Construction is the general contractor for the property, which is located along Tenth Avenue between West 40th and 41st Streets.

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550 Tenth Avenue Rises Steadily in Hell’s Kitchen, Manhattan

Construction is rising on 550 Tenth Avenue, a 47-story residential skyscraper in Hell’s Kitchen, Manhattan. Designed by Handel Architects and developed by Gotham Organization and Goldman Sachs Asset Management JV, the 520-foot-tall structure will yield 430,000 square feet and 453 rental units, with 137 reserved for affordable housing, as well as 9,000 square feet of retail space, over 20,000 square feet of amenities, and 26,764 square feet of administrative office space for Covenant House. GO Covenant LLC is the owner and Monadnock Construction is the general contractor for the property, which is located along Tenth Avenue between West 40th and 41st Streets.

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City officials joined BFC Partners and Breaking Ground to celebrate New Yorkers moving into affordable homes at 1101 and 1089 President Street in Crown Heights, Brooklyn

Occupancy Begins at 1101 and 1089 President Street in Crown Heights, Brooklyn

Developers and city officials recently joined to celebrate the beginning of occupancy at 1101 and 1089 President Street in Crown Heights, Brooklyn. Developed in partnership by Breaking Ground and BFC Partners, the two-building complex once served as the historic Bedford Union Armory and now comprises 415 income-restricted rental units, a parking garage, and the 500,000-square-foot Major R. Owens Health and Wellness Community Center, a sprawling facility with large recreational spaces and offices for medical access and emotional counseling.

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