New York YIMBY

2435 Pacific Street Nears Topping Out in Brownsville, Brooklyn

7:30 am on October 22, 2024 By Michael Young and Matt Pruznick

Construction is nearing topping out on 2435 Pacific Street, a ten-story residential building in Brownsville, Brooklyn. Developed by Brooklyn Community Housing & Services along with Alembic Community Development and Love Fellowship Tabernacle, the structure will yield more than 240 affordable and supportive housing for vulnerable families and domestic violence survivors. SLCE Architects is the designer and Mega construction is the contractor. The formerly vacant property is located by the confluence of Pacific Street and East New York Avenue.

Excavation Underway at 88 East 2nd Street in Manhattan’s East Village

7:00 am on October 22, 2024 By Michael Young and Matt Pruznick

Excavation is moving along at 88 East 2nd Street, the site of a seven-story mixed-use building in Manhattan’s East Village. Designed by Gerald Caliendo Architects and developed by Manny Ashourzadeh of Romah Management Corporation, the 73-foot-tall structure will span 19,278 square feet and yield 22 rental units with an average scope of 740 square feet, as well as 2,994 square feet of commercial space and a cellar level. The property is located at the corner of East 2nd Street and First Avenue.

Rendering of 14-16 Skyline Drive. Courtesy of the Robert Martin Company

14-16 Skyline Drive Breaks Ground In Hawthorne, Westchester County

6:30 am on October 22, 2024 By Max Gillespie

Construction has commenced at 14-16 Skyline Drive, the site of a two-building industrial development at the Mid-Westchester Executive Park in Hawthorne, Westchester County. Developed by the Robert Martin Company (RMC), the adjacent buildings will yield more than 71,000 square feet of flexible space.

Pier 97 Completes Construction Along Hudson River Park in Hell’s Kitchen, Manhattan

8:00 am on October 21, 2024 By Michael Young and Matt Pruznick

Work is complete on Pier 97, a 2.5-acre public park along the Hell’s Kitchen waterfront in Manhattan. The park was designed by !melk Landscape Architecture and Urban Design and developed by the Hudson River Park Trust and celebrated its official opening on October 15 with a ribbon cutting ceremony. Originally built between 1921 to 1934, Pier 97 served as a shipping hub for the Swedish America Line until the 1970s and later as a parking lot for the City of New York Department of Sanitation. The pier is located directly off West 57th Street.

Excavation Underway For Affordable Housing Building At 120 Liberty Avenue in Brownsville, Brooklyn

7:30 am on October 21, 2024 By Michael Young

Earthwork is getting underway at 120 Liberty Avenue, the site of a four-story affordable housing development in Brownsville, Brooklyn. Designed by Urban Quotient and developed by Alembic Community Development, the $36.8 million project will yield 13 units with two studios, seven one-bedrooms, three two-bedrooms, and one three-bedroom. All residences will be reserved for individuals and families earning less than 80 percent of area median income. The formerly vacant property is located at the corner of Liberty Avenue and Sackman Street.

Photograph of Rockefeller Center, courtesy of Tishman Speyer

Tishman Speyer Secures $3.5B Refinancing for Rockefeller Center In Midtown, Manhattan

7:00 am on October 21, 2024 By Max Gillespie

Tishman Speyer recently secured a $3.5 billion loan to refinance Rockefeller Center in Midtown, Manhattan. The loan is the largest-ever CMBS issued for a single office asset. Bank of America and Wells Fargo co-led the five-year single asset single borrower loan, which carries a fixed interest rate of 6.2265 percent. The funds will be used to pay off an existing $1.7 billion loan and mezzanine financing due in May 2025, as well as cover leasing costs.

Permits Filed for 31-15 Linden Place in Flushing, Queens

6:30 am on October 21, 2024 By Vanessa Londono

Permits have been filed for a five-story mixed-use building at 31-15 Linden Place in Flushing, Queens. Located between 31st Road and 32nd Avenue, the lot is near the Flushing-Main Street subway station, served by the 7 train. Xiaoyue Bi is listed as the owner behind the applications.

1663 East New York Avenue Tops Out in Brownsville, Brooklyn

8:00 am on October 20, 2024 By Michael Young and Matt Pruznick

Construction has topped out on 1663 East New York Avenue, an eight-story residential building in Brownsville, Brooklyn. Designed by Frank J. Quatela Architects and developed by Like Minded People LLC, the 85-foot-tall structure will span 29,085 square feet and yield 42 rental apartments with an average scope of 692 square feet. The formerly vacant property is located at the corner of East New York and Christopher Avenues.

Façade Installation Begins on 824 56th Street in Sunset Park, Brooklyn

7:30 am on October 20, 2024 By Michael Young and Matt Pruznick

Construction is progressing on 824 56th Street, a six-story residential building in Sunset Park, Brooklyn. Henry 824 LLC is listed as the owner of the nearly 70-foot-tall, 9,430-square-foot project, which is slated to yield six units, a community facility, a 407-square-foot rooftop, and a cellar level. The property is located on a 2,000-square-foot interior lot between 8th and 9th Avenues.

Rendering of Jasper. Designed by S9 Architecture

Three New Retail Leases Signed for Jasper at 49-20 5th Street In Long Island City, Queens

7:00 am on October 20, 2024 By Max Gillespie

Three new retail leases were recently signed at Jasper, a mixed-use development located at 49-20 5th Street in Long Island City, Queens. Designed by S9 Architecture and developed by The Domain Companies, LMXD, VOREA Group, and Bridge Investment Group, the structure will span 550,000 square feet and yield 499 residential units and 112 parking spaces. The leases will occupy 6,115 square feet of the building’s 33,340 square feet of retail space.

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