Construction is now 24 stories above street level on the 33-story, 270-unit mixed-use building under development at 120 Nassau Street, located on the corner of Jay Street in Downtown Brooklyn. The progress on construction can be seen thanks to photos posted to the YIMBY Forums. The latest building permits indicate the 425-foot-tall tower will measure 312,093 square feet. The base will include 57,904 square feet of commercial space, in the form of retail on the ground floor and office space on floors two through eight. The residential units elsewhere in the tower should average 854 square feet apiece, indicative of rentals. The Clarett Group is the developer and Woods Bagot is the architect. Completion can probably be expected in late 2017.
Construction appears to have been completed on the seven-story, 23-unit mixed-use project at 227 Grand Street, located on the corner of Elizabeth Street in Chinatown. The project is a redevelopment of three existing commercial structures that stood two or three stories in height. The expanded structure contains 6,929 square feet of commercial space, consisting of retail on the ground and second floors, in addition to office space also on the second floor. The residential units, across floors three through seven, should average 574 square feet apiece, indicative of rentals.
Last week, the city of Newark announced that a 7.5-acre, 2.3-million-square-foot mixed-use development is in the works at 450 Broad Street. That’s downtown, on the current site of the Bears & Eagles Riverfront Stadium. The project will include residential units, office space, retail, and cultural space, Jersey Digs reported. The number of units wasn’t disclosed, but the site could easily accommodate over 1,000 of them. Lotus Equity Group is the developer and Practice for Architecture Urbanism is designing the project’s master plan. The 6,200-seat baseball stadium will be demolished. The four-story parking garage just south of it isn’t part of the site.
Brooklyn-based property owner Angle Martinez has filed applications for a three-story, 3,956-square-foot office building at 156 11th Street, located on the southern end of Gowanus. The ground through third floors will contain commercial-office space. The cellar will be available as accessory space to the offices above. Mohammad H. Baalbaki’s Staten Island-based Baalbaki & Associates Engineering is the applicant of record. The 20-foot-wide, 2,000-square-foot lot is occupied by a three-story townhouse. Demolition permits were filed in September. The Fourth Avenue/Ninth Street stop on the R, F, and G trains is three blocks away.
Mack-Cali Realty Corporation has announced its partnership with SJP Properties to develop Harborside 4, a 1.2-million-square-foot office tower long-proposed at 136 Greene Street, in the Exchange Place district of downtown Jersey City. The development team won’t break ground on the tower until an anchor tenant has signed on, Real Estate NJ reported. The site, bound by Christopher Columbus Drive, and Greene, Pearl, and Hudson streets, is currently a parking lot.