The Jackson Group recently sold 2970 Third Avenue, a 25,000-square-foot retail property in the South Bronx, to 5 Boro Real Estate Partners for $8.75 million. The new owners intend to redevelop the property into a 100,000-square-foot mixed-use building.
The Jackson Group recently began leasing on a modest collection of “tough-luxe” apartments at 200 West 11th Street in Manhattan. Residential interiors by Ovadia Design Group embrace both grit and glamor, marrying polished, contemporary materials with exposed concrete ceilings and structural beams within each unit.
Late in 2014, filings were submitted to expand the single-story, 9,916 square-foot commercial building at 205 Smith Street, in Boerum Hill, to 19,832 square feet, thanks to the addition of a second floor. Brownstoner now has a rendering the project, which will be entirely retail and reportedly the new home of a supermarket. Jackson Group, Aurora Capital Associates, and ACHS Management are developing, while Think Architecture & Design is the architect of record. A completion date has not yet been disclosed.
The Church of the Redeemer, at 24 4th Avenue near the Barclays Center in Boerum Hill, is slated for demolition this fall to make way for a yet-to-be-determined development, according to The Wall Street Journal. Jackson Group acquired the property for $20 million in 2010, and the contents of the church will likely be sold. Demolition permits were filed in May, and a pre-demolition inspection conducted earlier this July passed.