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.
JLL Capital Markets
JLL Capital Markets recently announced the successful acquisition of a $36.7 million loan to facilitate the construction of a new, mixed-use condominium building in Manhattan. Located on the border of Flatiron and Chelsea, the building’s official address is 128-130 West 23rd Street, and the project is already under construction.
A twelve-story condominium building has received funding for its imminent rise at 70 Schermerhorn Street, in Brooklyn Heights, Brooklyn. The announcement comes from JLL’s Capital Markets, who raised $42.1 million in joint-venture equity from a $512 million fund managed by The Davis Companies. The capital will be allocated for construction financing. Lonicera Partners and Orange Management are behind the project, and the news comes also comes with a rendering.