Permits have been filed for a 21-story tower at 1 Division Avenue in Williamsburg, Brooklyn. Located between the waterfront and Kent Avenue, the lot is near the South Williamsburg ferry stop and the Marcy Avenue subway station, serviced by the J, M, and Z trains. Naftali Group is listed as the owner behind the applications and also responsible the complex rising nearby at 470-490 Kent Avenue.
Construction is rising on 470-490 Kent Avenue, a three-tower residential complex along the East River waterfront in South Williamsburg, Brooklyn. Designed by Brooklyn-based Brandon Haw Architecture LLP with Hill West Architects as the executive architect of record and developed by Naftali Group and Access Industries, the development will span 645,000 square feet and yield 607 units, including 89 condominiums, as well as 19,000 square feet of commercial space and a suite of amenities. New Line Structures & Development LLC is the general contractor for the project, which occupies a 4-acre plot bound by South 10th Street to the north, Division Avenue to the south, Kent Avenue to the east, and Wallabout Channel to the west.
Naftali Group has secured a $236 million construction loan for 255 East 77th Street, a 36-story residential skyscraper on Manhattan’s Upper East Side. Provided by J.P. Morgan and Starwood Capital, the loan will will help complete the 500-foot-tall structure, which is currently in the excavation phase.
Grubb Properties has closed on an $86 million loan to construct a residential skyscraper at 111 Washington Street in Manhattan’s Financial District. The development was originally addressed as 8 Carlisle Street and was expected to top out at 50 stories. Updated plans specify a 64-story tower with more than 326,000 square feet of interior space.
Construction is finishing up on 200 East 83rd Street, a 35-story residential tower in the Yorkville section of Manhattan’s Upper East Side. Designed by Robert A.M. Stern Architects and developed by Naftali Group and Rockefeller Group, the 489-foot-tall structure will yield 205,877 square feet and 86 condominium units with sales and marketing by Compass Development Marketing Group, as well as 3,033 square feet of ground-floor retail space and parking for 26 vehicles. SLCE Architects is the architect of record and Leeding Builders Group is the general contractor for the property, which is located at the corner of Third Avenue and East 83rd Street.