Grid Group and Lekas Realty have closed on a $32 million construction loan to complete a high-rise affordable housing property in West Harlem. Located at 1440 Amsterdam Avenue, the property will top out at 26 stories and yield 393 rental apartments, an Associated supermarket on the ground floor, and an enclosed parking garage. The latter includes roughly 120 rent-restricted units, 25 percent of which will be prioritized for current NYCHA residents.
Excavation and foundation work is underway at 64 University Place, the site of an 11-story residential building in Greenwich Village. Designed by Kohn Pedersen Fox and developed by Bsafal, the 125-foot-tall, 55,000-square-foot structure will yield 28 condominium units with sales and marketing led by Fredrik Eklund and John Gomes of the The Eklund ǀ Gomes Team at Douglas Elliman Real Estate, as well as a community facility and ground-floor retail space. SPACE Copenhagen is the interior designer, Deborah Nevins is the landscape designer, and CNY Group is the general contractor for the property, which is located between East 10th and East 11th Streets. Ancora Enginerring is the SOE and foundations engineer and McNamara Salvia is the structural engineer.
Extell Development Company has closed on $425 million construction loan to complete a mixed-use high-rise at 1520 First Avenue on Manhattan’s Upper East Side. The 30-story building will include a mix of medical and commercial office space with frontage along East 80th and East 81st Streets.
Permits have been filed to expand a one-story structure into a seven-story mixed-use building at 275 East 169th Street in Claremont, The Bronx. Located between Morris Avenue and College Avenue, the lot is a short walk to the 167th Street subway station, serviced by the B and D trains. Claudio Alba under the 273-275 E. 169th Street LLC is listed as the owner behind the applications.
Demolition work is wrapping up at 25-01 Queens Plaza North, the site of a 26-story residential building in Long Island City, Queens. Developed by Grubb Properties, the 311-foot-tall structure will yield 417 units with 124 dedicated to affordable housing, and 7,600 square feet of ground-floor retail space. 25-01 QPN Consigli Construction is the general contractor and King Contracting Group is installing all the brick and CMU for the property, which is located between Crescent and 27th Streets, directly adjacent to the elevated Queensboro Plaza station servicing the 7, N, and W trains.