Brooklyn-based developer Hello Living is expanding into The Bronx. The announcement of their purchase of 1049 Washington Avenue in the South Bronx yesterday—their second development and acquisition outside of Brooklyn—also brought forth the first renderings plans to realize the site as condominiums.
Hello Living’s first foray into Manhattan development will be a pricey one. The Brooklyn-based full-service real estate development firm announced earlier this week their plans to acquire 4650 Broadway in Inwood. If that address rings a bell, it’s because FBE Limited purchased the site this past spring from Acadia Realty Trust for $26 million. At $55 million, Hello Living paid more than twice that for 370,039 buildable square feet.
We are living in a bit of a renaissance for New York City-area bridges. New spans are under construction for the Goethals, Kosciuszko, and Tappan Zee bridges, and the deck of the Bayonne Bridge is being raised. The world’s busiest bridge, the George Washington, is also having work done.
New buildings replace old ones quite frequently, and skylines evolve. It isn’t very often that a development literally redraws the map, but that’s what has happened with Hudson Lights, located in downtown Fort Lee, N.J.
An 11-story building is nearing completion at 926 Sedgwick Avenue in the Highbridge section of the Bronx. At 117 feet high, the building stands as a minor but noticeable addition to the Harlem River skyline, perched upon the high river bank alongside both pre-war buildings and recent residential developments that flank the Major Deegan Expressway. Listed as a “transient hotel” in the building permits, the property will feature 64 units spread across 29,370 square feet of its 33,000-square-foot interior. Gerald J. Caliendo of Caliendo Architects is the applicant of record. Prasanna Venkatesha of Sita Ram LLC is listed as the owner.