Jonathan Rose Companies, L+M Development Partners, and Acacia Network recently closed on a $223 million financing package to complete the second and final phase of Sendero Verde. The complex is located on Madison Avenue between East 111th and East 112th Streets in East Harlem and spans a full city block.
Jonathan Rose Companies
The first phase of Sendero Verde, a 100-percent affordable housing development, has topped out in East Harlem. L+M Development Partners, Jonathan Rose Companies, Acacia Network are developing the project which will bring 360 units of affordable housing and one superintendent’s unit spread in phase one across two buildings, the 15-story B-North and the ten-story B-South. It also includes space for a school with a full gymnasium, community facility space for Union Settlement Association, and an 18,000-square-foot public courtyard with a children’s play area, outdoor exercise equipment for adults, seating areas, and a stage for community events. Phase one of is designed by Handel Architects.
Leasing at The Pierrepont has officially begun. The upcoming residential building is located at 146 Pierrepont Street in Brooklyn Heights, between Clinton Street and Cadman Plaza West. The mixed-use tower will have 90 boutique apartment units as well as 6,000 square feet of retail space. Designed by Marvel Architects, it is being developed by Jonathan Rose Companies, Bedrock Real Estate Partners, JD Capital USA, and Nuveen Real Estate. Interiors are being designed by Fogarty Finger Architecture.
Permits have been filed for a 37-story high-rise at 1681 Madison Avenue, in East Harlem, Manhattan. The site is three blocks away from the 110th Street subway station on Lexington Avenue, serviced by 6 trains, and four blocks away from the 110th Street subway station on Central Park North, serviced by the 2 and 3 trains. Manhattan-based Rose Companies is responsible for the development.
As YIMBY reported back in October, construction is nearly complete for the 12-story 280 Ashland Place, in the Downtown Cultural District of Brooklyn, and now, leasing has officially commenced. The project has been named Caesura, a term for the pause in the middle of a line of music poetry. Its next-door neighbor, the Brooklyn Academy of Music, gives the inspiration. Jonathan Rose Companies LLC is behind the building, which had previously gone by the address of 15 Lafayette Avenue.