The Georgetown Company has announced a new $410 million financing package for their recently completed office building at 787 Eleventh Avenue. According to the company, the investment from Societe Generale (SocGen) replaces a $350 million construction loan from the Blackstone Group, Goldman Sachs, and ICBC.
In a surprising and exclusive reveal, YIMBY has the scoop for new renderings offering a first look at LeFrak’s waterfront development at 700 Washington Boulevard, in Jersey City. While the developer has released little information about the project, updated illustrations appear to match preliminary renderings made public in 2017, following approvals from the State of New Jersey.
Led by Rogers Stirk Harbours + Partners, the UK-based design team has proposed a large development project in the West Historic Chelsea District. Consisting of three adjoining construction sites, the firm is seeking to create a new eleven-story building at 550 West 27th Street, as well as an expanded upper section on top of 260 Eleventh Avenue and an exterior renovation of 549 West 26th Street. The proposal is now under review by the Landmark Preservation Committee as of January 10, 2019.
Located on a 32,365 square foot parcel along First Avenue between East 39th Street and East 40th Street, 685 First Avenue has officially launched leasing for its 408 units. With a 460-foot tall facade of pitch black glass facing the East River, the 43-story tower is one of the newest and tallest skyscrapers to be completed in Midtown’s Murray Hill. Sheldon Solow of Solow Building Company is the developer of the 800,000 square foot project, while Richard Meier & Partners Architects is the designer. Leasing and move-ins are now underway, with units marketed by Citi Habitats New Developments.
Situated at the southwestern corner of Fifth Avenue and West 29th Street is the site of a proposed 1,009-foot condominium tower, known as 262 Fifth Avenue. Renderings were first released in late 2017, showing the very skinny and slender residential building towering over NoMad and Midtown South. Composed of a mix of glass and aluminum walls, the supertall would certainly stand out on the skyline for its height and profile. After the DOB approved plans back in October of 2017, the site was quickly cleared of the previously extant low-rise buildings, however, activity has come to a grinding halt since then. Boris Kuzinez of Five Points Development is developing the tower, while the architect is Meganom, a Russian design firm from Moscow.