JLL Capital Markets

Rendering of 520 Fifth Avenue and the Midtown skyline

Rabina Closes on $540M Financing Package for 520 Fifth Avenue Supertall in Midtown, Manhattan

New York development firm Rabina has closed on a $540 million construction package to complete a new supertall tower at 520 Fifth Avenue. Designed by Kohn Pedersen Fox, the structure will top out at 1,000 feet and contain a collection of condominiums and associated amenity spaces, boutique office space, a ground-floor retail component, and public recreation space.

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Rendering of Archer Towers at 163-05 Archer Avenue (Photos courtesy of Studio V Architecture)

BRP Companies, JLL Partner to Finance Construction of Archer Towers in Jamaica, Queens

BRP Companies has selected JLL Capital Markets as its partner in a joint venture equity agreement to finance the construction of Archers Towers in Jamaica, Queens. The project is valued at $286 million and will yield 605 rental units and a mix of residential amenities. Located at 163-05 Archer Avenue, the development will top out at 24 stories and comprise a total of 540,000 square feet. The residential component will be divided into 424 market-rate apartments and 181 mixed-income units. At this time, the specific income requirements or restrictions for the mixed-income units has not been revealed.

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Rendering of The Hudson Arts Building at 220 Eleventh Avenue - The Moinian Group / Studios Architecture

Moinian’s “Hudson Arts Building” Revealed at 220 Eleventh Avenue, in West Chelsea

Construction kicked off this week on the Hudson Arts Building, a new office development at 220 Eleventh Avenue in West Chelsea, Manhattan. Designed by Studios Architecture and developed by The Moinian Group, the project will occupy an entire city block between 25th and 26th Streets. According to JLL, the exclusive leasing agent for the property, the Hudson Arts Building is expected to welcome tenants by 2022, and the official groundbreaking was held yesterday.

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