Morris Adjmi Architects

Developers Secure $69 Million Bridge Loan for Mason Gray At 959 Sterling Place In Crown Heights, Brooklyn

7:30 am on July 20, 2024 By Max Gillespie

Invictus Real Estate Partners, a New York-based vertically integrated real estate private equity company, has announced the closing of a $69 million pre-TCO bridge loan for the Mason Gray, a residential property at 959 Sterling Place in Crown Heights, Brooklyn. The loan will support the completion of minor construction work on the seven-story building, allowing leasing to begin. Walker & Dunlop’s Mike Diaz and Aaron Appel arranged the financing for the project, which was developed by Hope Street Capital.

Housing Lottery Launches for Mason Gray at 959 Sterling Place in Crown Heights, Brooklyn

6:30 am on July 16, 2024 By Vanessa Londono

The affordable housing lottery has launched for Mason Gray, a seven-story residential building at 959 Sterling Place in Crown Heights, Brooklyn. Designed by Morris Adjmi Architects and developed by Hopestreet Capital, the structure yields 158 residences. Available on NYC Housing Connect are 48 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $107,246 to $218,010.

18 West 55th Street Tops Out in Midtown, Manhattan

8:00 am on July 9, 2024 By Michael Young

Construction has topped out on 18 West 55th Street, a 26-story residential building in Midtown, Manhattan. Designed by Morris Adjmi Architects and developed and built by Skyline Developers, which purchased the property for $83 million in 2017 under the 18 West 55th Street LLC, the 289-foot-tall structure will span 152,084 square feet and yield 97 rental units with an average scope of 1,319 square feet, as well as 6,380 square feet of ground-floor commercial space and a 10,343-square-foot cellar level. The project is located on a formerly vacant interior lot between Fifth and Sixth Avenues, next to the Peninsula Hotel.

‘Louie’ Tops Out at 21 West 17th Street and 16 West 18th Street in Flatiron District, Manhattan

8:00 am on July 4, 2024 By Michael Young and Matt Pruznick

Construction is progressing on Louie, a two-building residential development at 21 West 17th Street and 16 West 18th Street in Manhattan’s Flatiron District. Designed by Morris Adjmi Architects and Li Saltzman Architects and developed by Vinbaytel Development, the complex will yield 21 full-floor condominium units, all in three-bedroom layouts. The properties are located on a narrow interior lot between West 17th and West 18th Streets and Fifth and Sixth Avenues.

1162 Broadway Completes Construction in NoMad, Manhattan

7:00 am on May 21, 2024 By Michael Young

Construction is complete on 1162 Broadway, a 14-story commercial building in the Madison Square North Historic District of NoMad, Manhattan. Designed by Morris Adjmi Architects and developed by Okada & Co. under the 1162 Broadway LLC, the 185-foot-tall structure yields 30,000 square feet of Class A office space and 1,800 square feet for a restaurant on the ground floor and cellar level. The property is located between West 27th and 28th Streets on a narrow interior lot.

18 West 55th Street Begins Ascent in Midtown, Manhattan

8:00 am on February 3, 2024 By Michael Young and Matt Pruznick

Construction is rising on 18 West 55th Street, a 26-story residential building in Midtown, Manhattan. Designed by Morris Adjmi Architects and developed and built by Skyline Developers, which purchased the property for $83 million in 2017 under the 18 West 55th Street LLC, the 289-foot-tall structure will span 152,084 square feet and yield 97 rental units with an average scope of 1,319 square feet, as well as 6,380 square feet of ground-floor commercial space and a 10,343-square-foot cellar level. The project is located on a formerly vacant interior lot situated next to the Peninsula Hotel between Fifth and Sixth Avenues.

38 West 8th Street Readies for Façade Installation in Greenwich Village, Manhattan

8:00 am on January 28, 2024 By Michael Young and Matt Pruznick

Construction has topped out on 38 West 8th Street, a seven-story mixed-use building in Greenwich Village, Manhattan. Designed by Morris Adjmii Architects and developed by Straus Group under the Clinton Eight Realty LLC, the structure will yield condominium units, a community facility, and commercial space with 104 feet of frontage. The project also includes repairs to the adjacent structure to the south at 177 MacDougal Street. Empire State Contractors is the general contractor for the property, which is situated at the corner of West 8th and MacDougal Streets.

Construction Reaches Street Level at 18 West 55th Street in Midtown, Manhattan

7:30 am on December 5, 2023 By Michael Young and Matt Pruznick

Foundations have reached street level at 18 West 55th Street, the site of a 26-story residential building in Midtown, Manhattan. Designed by Morris Adjmi Architects and developed and built by Skyline Developers under the 18 West 55th Street LLC, which purchased the property for $83 million in 2017, the 289-foot-tall structure will span 152,084 square feet and yield 97 rental units with an average scope of 1,319 square feet, as well as 6,380 square feet of ground-floor commercial space and a 10,343-square-foot cellar level. The development sits on a formerly vacant interior lot next to the Peninsula Hotel between Fifth and Sixth Avenues.

Construction Progresses on 430 West Broadway in Soho, Manhattan

8:00 am on September 10, 2023 By Michael Young and Matt Pruznick

Construction is progressing on 430 West Broadway, a seven-story commercial building in the Soho Cast Iron District. Designed by Morris Adjmi Architects and developed by New Soho Associates, the project was approved by the Landmarks Preservation Commission in early 2019 and will yield office space sitting atop ground-floor retail and community facility space. Abeco Construction is the general contractor for the property, which is located between Prince and Spring Streets.

Foundation Work Resumes at 38 West 8th Street in Greenwich Village, Manhattan

8:00 am on September 4, 2023 By Michael Young and Matt Pruznick

Construction has resumed at 38 West 8th Street, the site of a seven-story mixed-use building in Greenwich Village, Manhattan. Designed by Morris Adjmii Architects and developed by Straus Group under the Clinton Eight Realty, LLC, the structure is planned to yield condominium units, a community facility, and commercial space with 104 feet of frontage. The scope also includes repairs to the adjacent structure at 177 MacDougal Street. Empire State Contractors is the general contractor for the 4,775-square-foot property, which is situated at the corner of West 8th and MacDougal Streets.

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