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Arial rendering of Arvene East - Bernheimer Architecture; Local Office Landscape & Urban Design

Developers Secure $44.7M to Complete Infrastructure Improvement Project in Arverne, Queens

L+M Development Partners, Bluestone Organization, and Triangle Equities have closed on $44.66 million in financing to complete a major infrastructure improvement project in Arverne, Queens, a small coastal neighborhood on the Rockaway Peninsula. The financing will cover the reconstruction of Edgemere Avenue between Beach 32nd and Beach 38th Streets, critical infrastructure improvements to the surrounding neighborhood, and the completion of Arverne East, a 1,650-unit master-planned community.

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Street view of 60 Broad Street

Capital Improvement Program Revealed for 60 Broad Street in Manhattan’s Financial District

Piedmont Office Realty Trust has revealed an extensive capital improvement program at 60 Broad Street, a 38-story mid-century office tower in Manhattan’s Financial District. Designed by Morris Adjmi Architects, a tenant at the building, the overhaul will create a new building entryway, a renovated lobby, modernized elevator cabs, and new amenity spaces. The property is bound by Beaver Street to the south, Broad Street to the east, and New Street to the west.

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Rendering of the new town square in Riverhead, Long Island

New York State Awards $20M to Support Community Projects in Riverhead and Amityville, Long Island

Riverhead and Amityville, a pair of small towns in Suffolk County, Long Island, are the latest recipients of a $10 million Downtown Revitalization Initiative (DRI) award from New York State agencies. The initiative is described as an economic development program and is backed by the Department of State, Empire State Development, the New York State Homes and Community Renewal, and NYSERDA.

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