Manhattan

Rendering of 170 West 225th Street, courtesy of Timber Equities

170 West 225th Street’s Exterior Takes Shape in Marble Hill, Manhattan

Exterior work is moving along on 170 West 225th Street, a seven-story residential building in Marble Hill, Manhattan. Designed by Marin Architects and developed by Timber Equities, the 115,000-square-foot structure will yield 115 rental units, with 30 percent reserved for affordable housing. The property is located at the intersection of West 225th Street and Adrian Avenue, adjacent to Spuyten Duyvil Creek.

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Rendering of 140 Hillside Avenue - J Frankl Associates

140 Hillside Avenue Nears Completion in Fort George, Manhattan

Façade installation is nearing completion on 140 Hillside Avenue, a seven-story residential building in Fort George, Manhattan. Designed by J Frankl Associates and developed by Read Property Group, the structure will span 26,466 square feet and yield 20 condominium units with an average scope of more than 1,000 square feet, including two penthouse units, as well as residential amenities and a cellar level. The development stands on a formerly vacant lot between Nagle Avenue to the north and Sickles Street to the southwest, and between the neighborhoods of Washington Heights and Inwood.

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

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

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

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

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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