The Beitel Group has secured a $150 million loan for the development of 120 East 144th Street, a new residential project in Mott Haven, The Bronx. The funding, which was supplied by SCALE Lending, will support the construction of the 13-story, 450-unit property.
Permits have been filed to convert a five-story mixed-use structure into a six-story commercial building at 117 East 15th Street in Gramercy Park, Manhattan. Located between Union Square East and Irving Place, the lot is one block from the 14th Street-Union Square subway station, serviced by the 4, 5, 6, L, N, Q, R, and W trains. Alex Lee is listed as the owner behind the applications.
Construction is wrapping up on 266 West 96th Street, a 23-story residential building on Manhattan’s Upper West Side. Designed by SLCE Architects and developed by Fetner Properties, the 235-foot-tall structure yields 171 rental units with 68 dedicated to affordable housing, as well as 8,961 square feet of community facility space. Urban Atelier Group is the general contractor for the property, which is located on an interior lot between West End Avenue and Broadway.
Demolition work is nearing completion at 200 East Tremont Avenue in the Mt. Hope neighborhood of The Bronx. 200 East Tremont JV LLC is listed as the owner and Xolle Demo LLC is the general contractor for the property, which spans a quarter of an acre at the corner of East Tremont Avenue and Monroe Avenue, just to the east of the Grand Concourse. No information has been revealed for the forthcoming development, as only demolition permits have been filed thus far. The land currently remains zoned for commercial development.
