Permits have been filed for a nine-story residential building at 45-57 Davis Street, in Long Island City, Queens. The project is just a block away from Court Square, serviced by the 7 train, and end of the line for G trains. Court Square-23rd Street is just four blocks further, and is serviced by the E and M trains. The subways allow for a quick commute directly into Midtown Manhattan. Solomon Feder, of Brooklyn-based Velocity Framers USA, will be responsible for the development.
Construction is nearly complete for the 62-story mixed-use tower named “ARO” at 242 West 53rd Street, in Midtown, Manhattan. A plethora of transit options are located near the site. The A, B, C, D, E, F, N, Q, R, W, and 1 trains can all be found within seven blocks distance. Algin Management is responsible for the development.
YIMBY has the first rendering for yet another new building coming to Bushwick, Brooklyn, at 1601 Dekalb Avenue. The project is under development by Camber Property Group.
711 Montgomery Street in Jersey City has sold to Sequoia Development Group for an undisclosed amount. The sellers, Florida-based Rescore Montgomery LLC, had purchased the site in April 2015 for $4.5 million. Sequoia Development Group joined a partnership with Grid Real Estate to work on the development. The 16-story project is expected to yield 309 apartments, and today YIMBY has the first look at renderings.
Permits have been filed for a seven-story mixed-use building at 119 Second Avenue, in the East Village. The development will rise on the site of a tragic explosion from 2015, which claimed two fatalities. After the event, three buildings were demolished and cleared. The new project will fill one of the three addresses. Nexus Development is heading the project, partnering with Immobiliare Capital and Premier Equities. According to the Real Deal, Nexus purchased 119 and 121 Second Avenue in 2017 for $9.15 million. 123 Second Avenue was sold to Ezra Wibowo in 2016.