JS Squared has secured a $43 million construction loan to complete 38 new townhome properties in The Hamptons, Long Island. Located at 66 Nowedonah Avenue in the Water Mill hamlet, the community will debut as Watermill Crossing and is expected to open next spring.
Permits have been filed for a three-story residential building at 1237 57th Street in Borough Park, Brooklyn. Located between 12th and 13th Avenues, the lot is within walking distance of the 62nd Street subway station, serviced by the D train. Marino Mazzei under the Bonafide Realty LLC is listed as the owner behind the applications.
Exterior work is complete on 7 Dey Street, a 34-story mixed-use tower in the Financial District. Designed by FXCollaborative and developed by SL Green Realty, the 404-foot-tall structure yields 260,000 square feet with 209 rental units ranging from studio to three-bedroom layouts, 26,000 square feet of office space on floors three to five, and 17,000 square feet of flagship retail space spread across the basement, ground, and second floors. Douglas Elliman Development Marketing is handling marketing and sales and INC Architecture & Design is in charge of interior design for the property, which was formerly addressed as 185 Broadway and is located at the corner of Broadway and Dey Street. The development was made possible thanks to un-utilized air rights SL Green purchased from the Metropolitan Transportation Authority (MTA).
Exterior work is nearing completion on Charlotte of The Upper West Side, a nine-story residential building at 470 Columbus Avenue on Manhattan’s Upper West Side. Designed by BKSK Architects and developed by The Roe Corporation, the structure was engineered to Passive House standards and will yield seven full-floor condominium units with interiors by Alyssa Kapito Interiors and BKSK. Compass is handling sales and marketing for the property, which is located between West 82nd and 83rd Streets, just north of the American Museum of Natural History.
Mortar Group, a New York-based real estate development firm, has closed on the acquisition of a new development site at 30 Bushwick Avenue in East Williamsburg, Brooklyn. Under new ownership, the building will top out at eight stories, yield 24,000 gross square feet, and comprise 24 rental apartments.