Battery Park City Authority, the Art for Justice Fund, and the Ford Foundation have unveiled a trio of public mosaics at Esplanade Plaza in Lower Manhattan. Entitled Justice Reflected, the mosaics are located on a 90-foot granite wall at the southern end of Battery Park’s North Cove Marina and were created by artist James Yaya Hough.
Harlem Biospace will open its second biotech incubator space in the Mink Building, a historic commercial property at 1361 Amsterdam Avenue in Manhattanville. The new facility will provide 10,250 square feet of affordable laboratory space for early-stage small- and mid-sized life science companies.
Construction is complete on a new two-story penthouse space atop 295 Fifth Avenue, a 16-story commercial building in Midtown South, Manhattan. Designed by Studios Architecture and developed by Tribeca Investment Group, PGIM Real Estate, and Meadow Partners, the 34,000-square-foot space will contain modern light-filled workspaces and multiple wraparound terraces with sweeping views of the Midtown skyline.
Grid Group and Lekas Realty have closed on a $32 million construction loan to complete a high-rise affordable housing property in West Harlem. Located at 1440 Amsterdam Avenue, the property will top out at 26 stories and yield 393 rental apartments, an Associated supermarket on the ground floor, and an enclosed parking garage. The latter includes roughly 120 rent-restricted units, 25 percent of which will be prioritized for current NYCHA residents.
Extell Development Company has closed on $425 million construction loan to complete a mixed-use high-rise at 1520 First Avenue on Manhattan’s Upper East Side. The 30-story building will include a mix of medical and commercial office space with frontage along East 80th and East 81st Streets.
