JLL Capital Markets

Excavation Progresses at 354-360 West 52nd Street in Hell’s Kitchen, Manhattan

Excavation and early foundation work is steadily progressing at 354 West 52nd Street, an upcoming seven-story condominium property in Hell’s Kitchen, Manhattan. Designed by Architecture Outfit and developed by Cadence Property Group, HOH Capital Partners, and Deal Lake Capital, who also purchased the adjacent 360 West 52nd Street lot to the west as part of the project, the future 66-foot tall, 55,000-square foot structure will yield 32 units spanning one- to three-bedrooms, stretch nearly 92 feet along West 52nd Street and include a 20-foot wide private main entrance on West 51st Street. Titanium Construction Services, Inc. is the general contractor for the site, which is located between Eighth and Ninth Avenues.

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Rendering of 335 Eighth Avenue - Courtesy of MAG Partners, COOKFOX Architects

$151.4M Capitalization Secured For 335 Eighth Avenue In Chelsea, Manhattan

JLL Capital Markets has arranged a $151.4 million capitalization for 335 Eighth Avenue, a seven-story mixed-use building under construction in Chelsea, Manhattan. Designed by COOKFOX and developed by MAG Partners and Safanad, the structure will yield 188 units with 30 percent reserved for low- and middle-income residents, as well as over 30,000 square feet of amenities, 25,461 square feet of retail space, and 1,150 square feet of community facility space. Financing was secured from Bank OZK and MetLife Investment Management for the project, which broke ground in October 2023.

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Render of 30-02 Whitestone Expressway, courtesy of JLL

Developer Secures Loan For 30-02 Whitestone Expressway In College Point, Queens

New York-based real estate development firm Triangle Equities has secured $50 million in pre-development financing for a new multi-story logistics facility in College Point, Queens. The loan was arranged by JLL Capital Markets and provided by Centennial Bank. This financing marks an important step toward the development of the planned 425,000-square-foot industrial site located at 30-02 Whitestone Expressway.

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