Nasser Freres has commenced construction on a new mixed-use development at 25 Cottage Street in Journal Square, Jersey City. The approximately $300 million project is set to deliver 622 rental residences, nearly 45,000 square feet of Class A office space, and ground-floor retail upon its completion in the first quarter of 2026.
Permits have been filed for an eight-story mixed-use building at 2828 West 28th Street in Coney Island, Brooklyn. Located between Mermaid and Neptune Avenues, the lot is near the Coney Island-Stillwell Avenue subway station, serviced by the D, F, N, and Q trains. Dimitrios Katehis of Gilbane Development Co. is listed as the owner behind the applications. In 2023, developers Tredway, ELH Mgmt, and Gilbane Development Company partnered to acquired Sea Park Apartments, an 816-apartment, three-building affordable property with the plans to rehabilitate them as well as build one new structure.
Permits have been filed for a six-story mixed-use building at 240 19th Street in South Slope, Brooklyn. Located at the intersection of Fifth Avenue and 19th Street, the lot is near the Prospect Avenue subway station, serviced by the R train. Aleksandr Zaltsman of PSZ5, LLC is listed as the owner behind the applications.
Exterior work is progressing on 111 Willoughby Street, a 40-story mixed-use tower in Downtown Brooklyn. Designed by GF55 Architects and developed by The Michaels Organization, Triangle Equities, and Geolo Capital, the 437-foot-tall structure will span 205,000 square feet and yield 227 rental units, a 20,000-square-foot ministry center for the St. Boniface parish, and 1,814 square feet of commercial space. The property is located by the intersection of Willoughby Street to the south and Duffield Street to the east.
Construction is ascending on 570 Fulton Street, a 23-story residential building along the border of Fort Greene and Downtown Brooklyn. Developed by 570 Fulton St LLC, the 128,872-square-foot structure will yield 155 rental units, ground-floor retail space, a cellar level, and an undisclosed collection of amenities. The project is located on a 7,200-square-foot interior lot situated between Rockwell Place to the east and Flatbush Avenue to the west. The architect remains to be publicly disclosed.
