Normandy Real Estate Partners

Rendering of 25-11 49th Avenue, via the Real Deal

Financing Secured, Rendering Revealed for 25-11 49th Avenue, Long Island City, Queens

Financing has been secured for a new eleven-story conversion at 25-11 49th Avenue, in Long Island City, Queens. The site was sold to Normandy Real Estate Partners and Keystone Equities in September 2016 for $39.1 million, at over $200 per buildable square foot. The rendering reveals their plan is to refurbish the existing two-story facility, build up eight stories along half the extant area, while using the other half of the roof for green space.

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105 Corporate Park Drive

Five-Story, 421-Unit Residential Complex Approved at 105 Corporate Park Drive, Harrison

The Harrison, N.Y., Town Board has approved plans to build two five-story residential buildings, with a total of 421 residential units, at 105 Corporate Park Drive. Harrison is in southern Westchester County. The residential units will be rental apartments, ranging from studios to two-bedrooms, of which 10 percent (42 units) will be designated as affordable. The complex will be accommodated by 752 parking spaces and a 5,400-square-foot restaurant. The 10.35-acre property is currently occupied by two three-story, 87,700-square-foot office buildings built during the 1970s. Both will be demolished, although the residential complex will take on a similar footprint. Normandy Real Estate Partners and Toll Brothers are the developers. Sullivan Architecture is behind the design. Construction is expected to start during the first half of 2017.


105 Corporate Park Drive

421-Unit Residential Complex Planned At 105 Corporate Park Drive, Harrison, NY

Normandy Real Estate Partners and Toll Brothers are planning to build a six-story, 421-unit residential complex at 103-105 Corporate Park Drive, in Westchester County’s Harrison. The site is located in “the teardrop” — the swath of land flanked by I-684, the Hutch, the CWE and an interchange, which mostly consists of office parks. Activists are currently rallying for the inclusion of affordable units, reports Westfair Communications.


333 Johnson Ave

Commercial Conversion of Industrial Properties Planned at 333 Johnson Avenue, East Williamsburg

Normandy Real Estate Partners and Princeton Holdings LLC have acquired the 160,000 square-foot low-rise industrial property at 333 Johnson Avenue in East Williamsburg for $26.75 million. The complex will be converted into a mixed-use commercial complex, featuring offices and retail. DNAinfo also reports the inclusion of a 40,000 square feet of outdoor space, and completion is expected in early 2016.


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