Tantum Real Estate recently joined community leaders and elected officials to celebrate the grand opening of a new affordable housing property for veterans and the formerly homeless in Jersey City. The building is located at 526 Ocean Avenue in the city’s Greenville neighborhood and houses a collection 20 apartments and a 1,500-square-foot community space on the ground floor.
Demolition preparations are ramping up at 415 Madison Avenue in Midtown East, the site of a 605-foot-tall commercial skyscraper and number 25 on our year-end countdown. Designed by Skidmore Owings & Merrill and developed by 415 Madison Avenue LLC, the 40-story building will yield 343,100 square feet of office space and replace a 66-year-old structure currently owned by Rudin Management at the corner of Madison Avenue and East 48th Street. YIMBY last reported that the LLC was seeking special permits as part of the ULURP process to build in compliance with the East Midtown sub-district regulations. This would allow for the reconstruction of overbuilt floor area in a new development, as well as obtaining air rights from the nearby landmarked St. Bartholomew’s Church along Park Avenue. The new property will also include a 350-square-foot ground-floor retail pavilion and a 2,400-square-foot open-air public concourse.
Construction is progressing on Manhattan’s largest outdoor roof deck atop the ten-story 341 Ninth Avenue in West Chelsea. Tishman Speyer and the United States Post Office are working together to redevelop the 2.2-million-square-foot building, known as the Morgan North Postal Facility, which was originally completed in 1933 and occupies a full block from Ninth to Tenth Avenues and West 29th to West 30th Streets. Upon completion, the structure will not only boast a 2.5-acre landscaped rooftop, but also more than 5,000 square feet of ground-floor retail along Ninth Avenue and newly renovated and modernized office floors. CBRE represented USPS in prior negotiations with Tishman Speyer for the project. King Contracting Group is handling the removal and replacement of the main roof on the seventh floor, totaling 150,000 square feet.
Bark, one of the world’s largest health and wellness subscription companies for dogs, has signed a 15-year, 52,000-square-foot lease at 120 Broadway in the Financial District of Manhattan. The company is the latest to join a slew of enterprise clients at the newly renovated commercial property.
Developers, elected officials, and local community leaders recently gathered to celebrate the completion of Archer Green, a new 100 percent affordable housing complex in Jamaica, Queens. The property is located at 92-23 168th Street and introduces 387 affordable housing units, a parking garage designed to accommodate 130 vehicles, a low-cost Aldi supermarket, and a 15,000-square-foot community center.