The Jersey City Planning Board has a approved a pair of high-rise residential towers along the waterfront edge of Jersey City. Located at 50 and 55 Hudson Street, the towers are the latest residential development from global investment bank Goldman Sachs and are expected to create 1,941 residential units, set atop a large retail component, an amenity deck, and public plazas.
Construction has passed the halfway point on 50 East 112th Street, the tallest tower in the Sendero Verde mixed-use complex in East Harlem, Manhattan. Designed by Handel Architects and developed by Jonathan Rose Companies, L+M Development Partners, and Acacia Network, the 34-story tower represents the second phase of construction and will yield 361 permanently affordable rental units for low- to moderate-income families and the formerly homeless. The edifice is rising directly to the west of the completed first phase, which encompasses a 15-story tower at 60 East 112th Street and a ten-story structure at 75 East 111th Street. The latest tower will span 395,000 square feet, making it the largest affordable Passive House development in the world. L&M Builders Group is the general contractor for the property, which is located at the corner of East 112th Street and Madison Avenue.
Developer TF Cornerstone has released new exterior renderings of 595 Dean Street, a two-building mixed-use development in the Pacific Park masterplan in Prospect Heights, Brooklyn. Designed by Handel Architects, the 23-story West Tower and 28-story East Tower will comprise a total of 798 units with 240 homes slated for affordable housing. Additional components include 3,412 square feet of ground-floor retail space, 72,600 square feet of public open space designed by Matthews Nielsen Landscape Architects, a 469-vehicle parking garage, and a 103,028-square-foot Chelsea Piers Fitness Center and Field House.
JLL Capital Markets has arranged a $142 million construction loan to finance the completion of Majestic, a 12-story mixed-use building at 540 DeGraw Street in Gowanus, Brooklyn. Designed by Handel Architects and developed by Domain Companies, the Urban Investment Group within Goldman Sachs Asset Management, Vorea Group and Mega Development, the building will yield 18,000 square feet of commercial space and 255 rental units. A total 25 percent of the units will be designated for affordable housing. Future Green Studio is the landscape designer for the property, which is located between Nevins Street and 3rd Avenue.
Excavation work is progressing at 151-165 Broome Street, the site of a two-building affordable housing complex on Manhattan’s Lower East Side. Designed by Handel Architects and developed by Grand Street Guild Housing Development Fund Company, Grand Street Guild East Housing Development Fund Company, Southeast Grand Street Guild Housing Development Fund Company, and Clinton Broome Development LLC, the project consists of the 15-story “Building 3-5” at 165 Broome Street and 16-story “Building 3-6” at 151 Broome Street, and will yield a combined total of 480 units. Monadnock Construction is the general contractor for the property, which is located within the Seward Park Extension master plan and bound by Broome Street to the north, Pitt Street to the east, and Clinton Street to the west.
