Permits have been filed for a nine-story mixed-use building at 183 Chrystie Street on Manhattan’s Lower East Side. Located between Delancey Street and Rivington Street, the lot is near the Bowery Street subway station, serviced by the J and Z trains and the Grand Street station, serviced by the B and D trains. David Paz of Omnia Group is listed under the AEH-VSLV, LLC as the owner behind the applications.
Manhattan’s historic Emigrant Industrial Savings Bank will be reborn as Hall des Lumières, a permanent center for immersive art exhibitions and cultural events. Located at 49-51 Chambers Street in Civic Center, Manhattan proposals to transform the building’s ground floor were subject to review by the Landmark Preservation Commission and approved last August.
Construction has officially topped out on TSX Broadway, a 46-story mixed-use hotel tower at 1568 Broadway in Times Square. Designed by Perkins Eastman and Mancini Duffy and developed by L&L Holding Company and Fortress Investment Group, the 470-foot-tall structure will yield 550,000 square feet with a 669-key hotel, retail space, restaurants, and an outdoor performance venue that overlooks Times Square. The building will also serve as the new home of the historic Palace Theatre, which is being raised 30 feet to make room for ground-floor retail space. The project is projected to cost $2.5 billion and debut early 2023.
Hot Bread Kitchen, a non-profit organization that offers culinary training and job placement programs, has revealed its new headquarters at Manhattan’s renowned Chelsea Market in Chelsea. The 10,000-square-foot space is located on the market’s sixth floor and features 18 stations for culinary education, administrative offices, and a spaces to facilitate Hot Bread Kitchen’s virtual small business incubator.
An affiliate of GFI Capital Resources has secured $195 million in refinancing for The Beekman, a historic landmarked hotel in Manhattan’s Financial District. The deal included a $130 million senior loan with Bank OZK arranged by Newmark and a $65 million subordinate financing raised from bond investors on the Tel Aviv Stock Exchange.
