New York

Rendering of 1515 Surf Avenue - Studio V Architecture

1515 Surf Avenue Continues its Ascent in Coney Island, Brooklyn

Construction is rising on 1515 Surf Avenue, a two-tower residential complex in Coney Island, Brooklyn. Designed by Studio V Architecture and developed by LCOR, the project consists of 26- and 16-story structures that will span 470,000 square feet and yield 461 units, with 139 designated for affordable housing, as well as 11,000 square feet of ground-floor retail space. Surf Avenue L/CAL LLC is the owner and LRC Construction is the general contractor for the property, which rises from a 1.5-acre plot bound by Surf Avenue to the south, West 15th Street to the east, and West 16th Street to the west.

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Demo Permits Filed for 558 Broome Street in Hudson Square, Manhattan

Demolition permits have been filed for a six-story mixed-use building at 558 Broome Street in Hudson Square, Manhattan. Built in 1925, the 62-foot-tall structure is owned by Vendome Group, which owns various properties in Soho, Tribeca, and Astoria, Queens. Vendome purchased the building for $15.75 million in 2017, which contains 20 residences and ground-floor commercial space that was being used for three restaurants.

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Façade Installation Progresses on 2230 Cropsey Avenue in Gravesend, Brooklyn

Construction has topped out on 2230 Cropsey Avenue, a 30-story residential building in Bath Beach, Brooklyn. Designed by Hill West Architects and developed by Cropsey Partners LLC, the 356-foot-tall structure will span 280,000 square feet and yield 248 rental apartments, community space, and 170 parking spaces. NY Developers is the general contractor for the project, which is alternately addressed as 1625 Shore Parkway and located between Cropsey Avenue and Belt Parkway.

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125 Greenwich Street Lands $313 Million to Finish Construction in Manhattan’s Financial District

Fortress Investment Group, Bizzi & Partners, and U.S. Immigration Fund have closed on $313 million in construction financing to complete 125 Greenwich Street, a stalled 88-story residential skyscraper in Manhattan’s Financial District. Designed by Rafael Viñoly Architects, the 912-foot-tall structure is planned to yield 273 condominium units with interiors by March & White and marketing by Douglas Elliman Marketing Development, which is aiming to launch sales this fall. The loan was provided by Northwind Group, a debt fund manager headquartered in New York City. Work will resume with Time Square Construction and Plaza Construction jointly managing contracting duties for the property located at the corner of Greenwich and Thames Streets, just south of the World Trade Center complex and Liberty Park.

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