A pair of private investors has revealed plans to redevelop a historic homestead into an assisted living and memory care facility in Nassau County, Long Island. Led by Charles Ferraro and Nicholas Racanelli, the three-story building in Bay Shore will debut as Netherbay at Bay Shore and contain 72 individual apartments and advanced medical care and rehabilitation facilities.
Namdar Group, a family-owned developer based in New York City, has closed on a $96 million financing package to complete a new high-rise residential building in Jersey City. The property is located at 26 Van Reipen Avenue and will eventually support a 27-story building with 235 rental apartments and ground-floor retail.
The Landmarks-approved condo project rising at 130 Seventh Avenue South in the West Village has a teaser site, a new address, and a new rendering. Now, the seven-story development between West 9th and 10th Streets will be known as 175 West 10th Street.
Last week YIMBY revealed the 12-story, 68-unit residential building Greystone is planning at 225 4th Avenue, in Park Slope, and now the developer has found a tenant for the adjacent two-story Brooklyn Lyceum at 227 Fourth Avenue. According to The Wall Street Journal, Blink Fitness has leased 16,700 square feet in the landmarked building, which will undergo a restoration. The air rights over the Lyceum will be transferred to the neighboring project, and opening of the gym is slated for 2016.
In January, Greystone snapped up a vacant lot next to the landmarked Brooklyn Lyceum in Park Slope for $13,500,000, and now YIMBY has the first look at the 12-story rental building planned for the site at 225 4th Avenue.
