Mixed-Use

144 First Street Reaches 12-Story Pinnacle in Jersey City, New Jersey

Construction has topped out on 144 First Street, a 12-story residential building in Jersey City‘s Powerhouse Arts District. Designed by Fogarty Finger Architecture and developed by EPIRE, the 125-foot-tall structure will yield 115,000 square feet with 84 apartments ranging from studios to three-bedroom units, as well as ground-floor retail space for two tenants. WSP is the structural engineer and Molfetta Corporation is the general contractor for the project, which is bound by Provost Street to the east, 1st Street to the south, and 2nd Street to the north. BHI, the U.S division of Israel’s Bank Hapoalim, provided a $36 million construction loan for the project in January.

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241 West 28th Street’s Brick Façade Takes Shape in Chelsea, Manhattan

Façade work is shaping up at 241 West 28th Street, a pair of 22-story residential buildings in Chelsea. Designed by COOKFOX for MAG Partners, Atalaya, Safanad, and Qualitas, the 400,000-square-foot development will yield 480 units with 30 percent reserved for low- and middle-income households, as well as 8,500 square feet of ground-floor retail space. King Contracting Group is in charge of brickwork and Urban Atelier Group is the general contractor for the complex, which is located between Seventh and Eighth Avenues on what used to be an open-air parking lot that MAG Partners acquired in December 2018 under a 99-year ground lease with Edison Properties.

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15 Beekman Street Begins Ascent in the Financial District, Manhattan

Construction is rising on 15 Beekman Street, Pace University’s new 27-story expansion in the Financial District. Designed by Manish Chadha of Ismael Leyva Architects and developed by SL Green Realty, the 338-foot-tall tower will yield 213,084 square feet with classrooms, dorm rooms, a dining facility, a library, and a learning center. New Line Structures & Development is the general contractor for the property, which is alternately addressed as 126-132 Nassau Street and is located at the corner of Beekman and Nassau Streets.

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Housing Lottery Launches for 881 Lexington Avenue in Stuyvesant Heights, Brooklyn

The affordable housing lottery has launched for 881 Lexington Avenue, a six-story mixed-use building in Stuyvesant Heights, Brooklyn. Designed by Issac & Stern Architects and developed by Hung Pin Hung of Pro H Designs, the structure yields 24 residences, ground-floor commercial space, and 12 parking spaces. Available on NYC Housing Connect are eight units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $61,715 to $156,130.

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