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Excavation Underway For Affordable Housing Building At 120 Liberty Avenue in Brownsville, Brooklyn

7:30 am on October 21, 2024 By Michael Young

Earthwork is getting underway at 120 Liberty Avenue, the site of a four-story affordable housing development in Brownsville, Brooklyn. Designed by Urban Quotient and developed by Alembic Community Development, the $36.8 million project will yield 13 units with two studios, seven one-bedrooms, three two-bedrooms, and one three-bedroom. All residences will be reserved for individuals and families earning less than 80 percent of area median income. The formerly vacant property is located at the corner of Liberty Avenue and Sackman Street.

Photograph of Rockefeller Center, courtesy of Tishman Speyer

Tishman Speyer Secures $3.5B Refinancing for Rockefeller Center In Midtown, Manhattan

7:00 am on October 21, 2024 By Max Gillespie

Tishman Speyer recently secured a $3.5 billion loan to refinance Rockefeller Center in Midtown, Manhattan. The loan is the largest-ever CMBS issued for a single office asset. Bank of America and Wells Fargo co-led the five-year single asset single borrower loan, which carries a fixed interest rate of 6.2265 percent. The funds will be used to pay off an existing $1.7 billion loan and mezzanine financing due in May 2025, as well as cover leasing costs.

Permits Filed for 31-15 Linden Place in Flushing, Queens

6:30 am on October 21, 2024 By Vanessa Londono

Permits have been filed for a five-story mixed-use building at 31-15 Linden Place in Flushing, Queens. Located between 31st Road and 32nd Avenue, the lot is near the Flushing-Main Street subway station, served by the 7 train. Xiaoyue Bi is listed as the owner behind the applications.

1663 East New York Avenue Tops Out in Brownsville, Brooklyn

8:00 am on October 20, 2024 By Michael Young and Matt Pruznick

Construction has topped out on 1663 East New York Avenue, an eight-story residential building in Brownsville, Brooklyn. Designed by Frank J. Quatela Architects and developed by Like Minded People LLC, the 85-foot-tall structure will span 29,085 square feet and yield 42 rental apartments with an average scope of 692 square feet. The formerly vacant property is located at the corner of East New York and Christopher Avenues.

Façade Installation Begins on 824 56th Street in Sunset Park, Brooklyn

7:30 am on October 20, 2024 By Michael Young and Matt Pruznick

Construction is progressing on 824 56th Street, a six-story residential building in Sunset Park, Brooklyn. Henry 824 LLC is listed as the owner of the nearly 70-foot-tall, 9,430-square-foot project, which is slated to yield six units, a community facility, a 407-square-foot rooftop, and a cellar level. The property is located on a 2,000-square-foot interior lot between 8th and 9th Avenues.

Rendering of Jasper. Designed by S9 Architecture

Three New Retail Leases Signed for Jasper at 49-20 5th Street In Long Island City, Queens

7:00 am on October 20, 2024 By Max Gillespie

Three new retail leases were recently signed at Jasper, a mixed-use development located at 49-20 5th Street in Long Island City, Queens. Designed by S9 Architecture and developed by The Domain Companies, LMXD, VOREA Group, and Bridge Investment Group, the structure will span 550,000 square feet and yield 499 residential units and 112 parking spaces. The leases will occupy 6,115 square feet of the building’s 33,340 square feet of retail space.

New Permits Filed for 1771 Weeks Avenue in Mount Hope, The Bronx

6:30 am on October 20, 2024 By Vanessa Londono

New permits have been filed for an eight-story residential building at 1771 Weeks Avenue in Mount Hope, The Bronx. Located between East 175th Street and Cross Bronx Expressway, the lot is near the 174-175th street subway station, serviced by the D train. Darwin Torres is listed as the owner behind the applications.

2440 Fulton Street Nears Completion in East New York, Brooklyn

8:00 am on October 19, 2024 By Michael Young and Matt Pruznick

Construction is wrapping up on 2440 Fulton Street, a five-story commercial building in East New York, Brooklyn. Designed by Marvel Designs and developed by The Leser Group along with the New York City Economic Development Corporation (NYEDC), the 400,000-square-foot structure will serve as the home of the New York City Department of Social Services’ (DSS) Human Resources Administration with Class A office space for more than 1,100 employees. The building will also offer 80,000 square feet of private-market commercial space, ground-floor retail space, and enclosed parking for 300 vehicles. The property was formerly occupied by a two-story school building that was demolished following the operating institutions’ relocation, and is bound by Fulton Street to the north, Herkimer Street to the south, and Van Sinderen Avenue to the east.

Malt Drive Park Opens Along Newtown Creek Waterfront in Hunter’s Point South, Queens

7:30 am on October 19, 2024 By Vanessa Londono

This week Malt Drive Park opened to the public, extending East River waterfront access in Long Island City, Queens. Developed by TF Cornerstone and designed by SCAPE Landscape Architecture, the park along Newtown Creek is named for the former beer distribution center that once occupied the site.

Permits Filed for 48 Stanhope Street in Bushwick, Brooklyn

7:00 am on October 19, 2024 By Vanessa Londono

Permits have been filed for a four-story residential building at 48 Stanhope Street in Bushwick, Brooklyn. Located between Central Avenue and Evergreen Avenue, the lot is near the Central Avenue subway station, served by the M train. Amir Tamuz is listed as the owner behind the applications.

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