Rabsky Group recently closed on $450 million in construction financing to complete 625 Fulton Street, a mixed-use high rise building in Downtown Brooklyn. Financing is provided by Madison Realty Capital and was negotiated by Galaxy Capital.
Foundation work has begun at 1841 Broadway, site of a 24-story residential building on Manhattan’s Upper West Side. Designed by SLCE Architects and developed by Global Holdings Management Group, the 281-foot-tall building will yield 181,319 square feet and 173 units as well as 11,741 square feet of commercial space. Pavarini McGovern, LLC is the general contractor for the project, which will rise at the corner of Broadway and West 60th Street, just north of Columbus Circle and the southwestern corner of Central Park.
Construction is going vertical on Waterview at Greenpoint, a two-tower residential development along Newtown Creek on the Greenpoint, Brooklyn waterfront. Designed by CetraRuddy and developed by Clipper Equity, the 811,000-square-foot project consists of the 30-story, 222-unit 77 Commercial Street and the 40-story, 298-unit 87 Commercial Street, which will rise from a shared seven-story podium. Of the 720 units, 200 are slated as affordable. A 300-car parking garage will also sit below grade. Waterview at Greenpoint is rising at the confluence of Commercial and Box Streets on a plot that once housed a two-story, 95,000-square-foot warehouse. Ray Builders Inc. is the general contractor,Hatfield Group is serving as the facade consultants, and WSP is the structural engineer.
Renderings from BDF Design illustrate a new mixed-use property at 2134 Coyle Street in Sheepshead Bay, Brooklyn. The proposed building will comprise just over 207,000 square feet with a mix of market-rate and permanently affordable housing, ground-floor retail, and two levels of sub-grade parking designed to accommodate up to 195 vehicles.
Demolition work is ramping up at 343 Madison Avenue, site of a 1,050-foot commercial supertall in Midtown East. Designed by Kohn Pedersen Fox and developed by Boston Properties, the 754,120-square-foot structure will yield 748,618 square feet of office space, 2,130 square feet of retail space, and 2,372 square feet of subterranean circulation paths to Grand Central Terminal and the future East Side Access project. The skyscraper is replacing a 105-year-old 15-story building between East 44th and 45th Streets that formerly housed the Metropolitan Transportation Authority headquarters.
