YIMBY recently visited Red Hook, Brooklyn to check in on five low-rise residential and commercial buildings under construction. The projects are all located west of Dwight Street in the northern end of the district, within walking distance of the Red Hook ferry terminal, and are emblematic of the city’s steady transformation of former industrial areas into vibrant mixed-use communities.
Naftali Group and Access Real Estate have secured a $374.35 million refinancing for Phase I of Williamsburg Wharf, a 3.75-acre waterfront development at 470 Kent Avenue in Williamsburg, Brooklyn. The loan was provided by Barings and refinances the project’s first phase, which includes the rental buildings Two, Three, and Four Williamsburg Wharf. The property is bounded by South 10th Street to the north, Division Avenue to the south, Kent Avenue to the east, and Wallabout Channel to the west.
Permits have been filed for a 26-story mixed-use building at 37-09 36th Avenue in Long Island City, Queens. Located between 37th Street and 38th Street, the lot is near the 36th Street subway station, served by the E, F, M, and R trains. Elie Pariente is listed as the owner behind the applications.
YIMBY checked in on four ongoing projects in Midtown East, Manhattan, including three office-to-residential conversions and one commercial modernization. The projects are located between East 51st and 57th Streets and are representative of the wave of adaptive reuse efforts unfolding across the city to increase the supply of housing and make offices more tenant friendly.
New renderings have been revealed for phase one of Canal Crossing, a forthcoming ten-story residential building at 880-900 Garfield Avenue in the Bergen-Lafayette neighborhood of Jersey City, New Jersey. Designed by Beyer Blinder Belle and developed by Boraie Development, the structure will yield 293 rental units, with 59 dedicated to affordable housing. The project will also include 11,426 square feet of ground floor retail split between three storefronts.
