Strategic Capital, a branch of China State Construction Engineering Corp., has acquired the development sites at 75 Park Lane and 2 Shore Drive North, both in the Newport neighborhood of Jersey City. According to NJ Biz, the sites are approved for 37- and seven-story condominium buildings, respectively, totaling a combined 632,000 square feet of space, which includes 24,000 square feet of retail. The new owner plans to develop the condos, and Holliday Fenoglio Fowler marketed the sites.
In 2014, Jonathan Rose Companies acquired the thru-block commercial property at 181 Montague/140 Pierrepont Street, in Brooklyn Heights; the developer also owns the five-story building at 146 Pierrepont Street. Now, new building applications have been filed with the DOB calling for a 19-story, 68-unit mixed-use building. Units will average a condo-sized 1,860 square feet in the 132,715 square-foot building. Retail space will also measure 6,230 square feet on the ground floor.
Façade installation is nearing completion at the seven-story, 41-unit mixed-use building under construction at 185-193 Avenue B, in the East Village, according to EV Grieve. The Elim Pentecostal Church owns the property, and will have a 6,650 square-foot facility on the ground floor. The entire structure will measure 33,865 square feet, and units will average a rental-sized 665 square feet. Conrad Roncati’s Architectura is architect of record, and occupancy is slated for later this year.
Fisher Brothers, Witkoff, and New Valley have closed on a $445 million construction loan for their planned 58-story, 157-condo-unit luxury tower at 111 Murray Street, in Tribeca. YIMBY brought you new renderings of the Kohn Pedersen Fox-designed building last month, and David Mann is designing the interiors; retail space will also measure 2,100 square feet on the ground floor.
In September of 2014, work kicked off at 42-60 Crescent Street, in Long Island City, where Rising Developers Group is building a 10-story, 40-condo-unit residential building, with 2,310 square feet of retail space on the ground floor. Dubbed Factory House, the building topped-out in April. Now façade installation is wrapping up and scaffolding is coming down, The Court Square Blog reports. Alfredo Fredericks is the architect of record, and completion is expected later this year.