Manhattan

Transitional housing property owned by Fundamental Advisors, via fundamental.com

Slate Property Group Closes $210 Million Refinancing Package For Transitional And Affordable Housing Portfolio

By Max Gillespie

Slate Property Group and Fundamental Advisors have closed on a $210 million refinancing package for their joint venture’s transitional and affordable housing portfolio. The transaction, designated as a social bond, was made possible by Freddie Mac in a first-of-its-kind engagement to provide liquidity to social impact financial institutions that bring affordable housing to low-income communities and underserved populations.
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Permits Filed for 219 East 42nd Street in Midtown East, Manhattan

By Vanessa Londono

Permits have been filed to expand a ten-story structure into a 29-story mixed-use building at 219 East 42nd Street in Midtown East, Manhattan. Located between Second and Third Avenues, the former Pfizer headquarters is a short walk east of the Grand Central-42nd Street subway station, serviced by the 4, 5, 6, and 7 trains. Metro Loft is listed as the owner behind the applications and has plans to convert the commercial buildings into 1,500 apartments.

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Photograph from opening of 126 West 126th Street, courtesy of the New York Foundling & Harlem Supportive Housing

Supportive Housing Complex Completes Construction at 126 West 126th Street In Harlem, Manhattan

By Max Gillespie

The New York Foundling has completed construction on 126 West 126th Street, a 17-story residential tower in Harlem, Manhattan that plans to serve as a new model for helping youth transitioning out of foster care and the shelter system. The project was developed in collaboration between BRP Companies, L+M Development Partners, Taconic Partners, and The Prusik Group. Financing came from New York State, Goldman Sachs, Santander Bank, and Redstone Equity Partners.
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821 Broadway, via Loopnet

Governor Hochul Announces Three Nominations For State And National Registers Of Historic Places

By Max Gillespie

Governor Kathy Hochul recently announced that three New York City properties have been recommended for historic recognition, highlighting their unique contributions to the city and state’s architectural and cultural heritage. The nominations are part of a broader initiative to preserve New York State’s history, and are three of 15 total properties across New York State that have been proposed for inclusion in the State and National Registers of Historic Places. All three nominations are located in Manhattan.

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