Late last month, YIMBY brought you news of the mixed-use commercial conversion of the six-story former warehouse at 455 Jefferson Street, in northern Bushwick. Now, Dallas-based Lincoln Property Company and Boston-based Alcion Ventures have secured a $51.2 million loan for the project, according to Commercial Observer. The building will have offices on every floor and retail space at street level, which will total 122,697 square feet in rentable space. Work began last month, and completion is expected next June.
Kushner Companies and RFR Realty are teaming up with Ian Schrager to develop a Public Hotel at the six-building Dumbo Heights redevelopment, in Dumbo, according to the New York Post. At 90 Sands Street, the 30-story, 508-room Jehovah’s Witness residential hotel could to be transformed into a nearly 600-key hotel, with up to 100,000 square feet of amenity and meeting space.
YIMBY previously posted renderings of a tentative redesign and redevelopment set for the Macy’s store in Downtown Brooklyn, and now we have another submission from the project’s competition, though evidently this creation was not selected. The design comes from Leeser Architecture and would have featured two residential towers in addition to new and revamped retail space.
Last year, several developers joined together to purchase the former Jehovah’s Witnesses Watchtower complex in Dumbo Heights for $375 million. And now, YIMBY now has the first renderings of a potential residential tower at the…