The Brooklyn Navy Yard Development Corporation this week announced two large technology and manufacturing leases at Building 127. Together, the new leases measure up to 56,000 square feet and represent a robust year of sales and progress within Brooklyn Navy Yard.
L+M Development Partners, Type A Projects, BronxWorks, and the City of New York have closed on $349 million financing package to complete phase one of Bronx Point, a new mixed-use affordable housing complex in the South Bronx. As a public-private partnership, the financing entities include the New York City Department of Housing Preservation and Development, the New York City Housing Development Corporation, Empire State Development, Wells Fargo, and additional private funding sources.
The sleek, black residential building at 111 Varick Street is nearing completion in Hudson Square. With occupancy expected before the end of the year for the ground-up, 30-story rental tower, marketing has launched the development’s website and first batch of listings. 111 Varick is developed by Extended and designed by S9 Architecture. Compass Development Marketing Group is the exclusive leasing and marketing agent for the 100 residences, a mix of studio, one-, and two-bedroom units. Pricing will begin at $4,000 per month for studio apartments.
Construction is nearing completion on the second phase of Vantage, a two-tower residential complex at 33 Park View Avenue in Jersey City. Designed by S9 Architecture and developed by Fisher Organization, the development features twin 44-story towers and will yield a total of 900 apartments. Phase two features 452 homes ranging from studios to two-bedroom units.
Construction has topped out on One East Harlem, a 19-story mixed-use building at 201 East 125th Street in Harlem. Designed by S9 Architecture, the reinforced concrete structure prominently rises above its surroundings and will yield over 420,000 square feet of newly built space. Work broke ground last summer and required the demolition of a couple low-rise structures occupying the site. Richman Group Development, Bridges Development Group, and Monadnock Development are the developers of the project, and received a mix of public and private funding from Citigroup, the Department of Housing Preservation and Development, and the New York City Housing Development Corporation.