A development site at 75–83 Nassau Street in the Financial District has been sold for $53 million, with plans underway for a new mixed-use tower. JLL Capital Markets arranged the transaction on behalf of seller Lexin Capital and negotiated directly with the buyer, a joint venture between Fulltime Management and Montgomery Street Partners. The property is located between Fulton and John Streets.
Avdoo has finalized its $63 million acquisition of 68 King Street, the site of a forthcoming residential building in Hudson Square, Manhattan. The developer secured the property with the help of a $40 million loan from Valley National Bank and is planning to construct a 200,000-plus-square-foot structure. The project would utilize more than 125,000 square feet of development rights, including air-rights deals and a transit improvement-related bonus. The property is located at the corner of King and Varick Streets.
New renderings were recently unveiled for Hudson Mosaic, a proposed 35-story residential building at 388 Hudson Street in Hudson Square, Manhattan. Designed by Herzog & de Meuron and Curtis + Ginsberg Architects, and developed in a collaboration between Camber Property Group, Services for the UnderServed (S:US), and Essence Development, the 335-foot-tall structure will yield 280 affordable homes. The project will also include a new recreational center owned and operated by the Parks Department, as well as a public plaza. The nearly 14,000-square-foot property is located between Clarkson and West Houston Streets.
A development team has been selected for Hudson Mosaic, a new affordable housing and community project planned for 388 Hudson Street in Hudson Square, Manhattan. The project will transform an underutilized city-owned site into approximately 280 homes of 100 percent affordable housing alongside a full-scale public recreation center operated by NYC Parks. The property is located between West Houston and Clarkson Streets.
At number 12 on our year-end countdown of the tallest construction projects in New York is Link Apartments 8 Carlisle, a 789-foot-tall residential skyscraper at 8 Carlisle Street in Manhattan’s Financial District. Designed by Handel Architects and developed by Grubb Properties and Pink Stone Capital, the 64-story structure will span 326,221 square feet and yield 462 residential units. The project will also include 7,000 square feet of ground-floor retail space and a 60-foot-long rear yard. The property is alternately addressed as 111 Washington Street and located at the corner of Washington and Carlisle Streets, just south of the World Trade Center complex.
