Developer Eastone Equities is planning to develop an eight-story mixed-use residential building in Flushing, Queens. Located at 142-26 and 142-38 Roosevelt Avenue, the structure will hold 40,000 square feet of residential space, 33,000 square feet of commercial space, and two sub-grade levels of parking. This week Columbia Pacific Advisors Bridge Lending announced it has secured a $15 million loan to refinance the development.
Construction is nearing completion on the Le Meridien Hotel, a 21-story mixed-use tower at 292 Fifth Avenue in NoMad. The 187-key hotel rises 21 stories tall on a plot between West 30th and West 31st Streets, and is designed by Gene Kaufman Architect and developed by McSam Hotel Group, which purchased the site for approximately $42.4 million in March 2017.
Exterior work is nearing completion on the 476-foot-tall Virgin Hotel at 1225 Broadway in NoMad. Designed by Stantec and developed by Lam Group, the 38-story tower will yield 300,000 square feet and 460 hotel rooms managed by Sir Richard Branson of Virgin Group. The property is located between West 29th Street and West 30th Street and will be the first Virgin Hotel establishment in New York City.
New renderings have been released for River Ring, Bjarke Ingels Group‘s proposed two-skyscraper development in Williamsburg, Brooklyn. Developed by Two Trees Management, the organization behind Domino Park, the undertaking is planned to yield 1,050 homes with 263 affordable housing units as well as a six-acre circular waterfront park designed by James Corner Field Operations. The towers would rise from two vacant rectangular parcels that were once home to a Con Edison electric plant bound by North First Street, North Third Street, and River Street. River Ring is expected to generate about 2,000 construction jobs and more than 500 well-paying permanent jobs upon completion.
Permits have been filed for a three-story mixed-use building at 60-33 Eliot Avenue in Maspeth, Queens. Located at the intersection of 60th Place and Eliot Avenue, the corner lot is closest to the Metropolitan Avenue subway station, serviced by the M train. Claire Reid is listed as the owner behind the applications.