L&L Holding Company and Columbia Property Trust have successfully closed on $1.25 billion in construction financing to complete a commercial overhaul of Terminal Warehouse in Chelsea, Manhattan. Led by COOKFOX Architects, the property will eventually house a mix of Class A office suites, retail space, and dining area.
The affordable housing lottery has launched for The Crossing at Jamaica Station, a 30-story mixed-use residential building at 147-40 Archer Avenue in Jamaica, Queens. Designed by FXCollaborative and developed by BRP Companies, the structure yields 539 residences. Available on NYC Housing Connect are 75 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $68,915 to $192,400.
Construction is rising on Calyer Place, a nearly 1 million-square-foot waterfront residential development in Greenpoint, Brooklyn. Designed by Cooper Robertson & Partners with SLCE Architects as the architect of record and developed by M&H Realty LLC, the project consists of a pair of 40-story towers along with 32- and 22-story siblings, and will yield 700,000 square feet of residential space with 700 apartments, 10,000 square feet of commercial space, 7,160 square feet for unspecified community facility use, and over 600 parking spaces. The site was once home to the historic Greenpoint Terminal Market, which suffered a ten-alarm fire and was demolished in 2017.
Work is progressing behind scaffolding on 173-175 Chrsytie Street, a topped-out ten-story residential building on Manhattan’s Lower East Side. Designed by ODA Architects and developed by Nexus Building Development Group, Inc., the 25,500-square-foot-structure will yield 13 units ranging from two- to three-bedroom layouts, as well as 1,537 square feet of ground-floor retail space. The structure stands opposite Sara D. Roosevelt Park and immediately to the north of two other current residential buildings from the same design and development team, 167 Chrystie Street and 165 Chrystie Street.
Work is nearing completion on Zero Irving, a 21-story mixed-use building at 124 East 14th Street in Union Square. Designed by Davis Brody Bond and developed by RAL Development, as well as financial partners Junius Real Estate Partners and Suffolk Construction, the 176,000-square-foot edifice stands topped out and will open as an affordable and market-rate office building for technology firms with a range of amenities. Zero Irving is located along East 14th Street between Broadway to the west and Third Avenue to the east. Leasing is now underway with JLL as the exclusive marketing agent.