New York YIMBY

Rendering Revealed & Funding Secured for 70 Schermerhorn Street, Brooklyn Heights

7:30 am on February 26, 2018 By Andrew Nelson

A twelve-story condominium building has received funding for its imminent rise at 70 Schermerhorn Street, in Brooklyn Heights, Brooklyn. The announcement comes from JLL’s Capital Markets, who raised $42.1 million in joint-venture equity from a $512 million fund managed by The Davis Companies. The capital will be allocated for construction financing. Lonicera Partners and Orange Management are behind the project, and the news comes also comes with a rendering.

Permits Filed for 522 Grand Street, Williamsburg, Brooklyn

7:00 am on February 26, 2018 By Andrew Nelson

Permits have been filed for a six-story mixed-use structure at 522 Grand Street, in Williamsburg, Brooklyn. The site is four blocks away from the Metropolitan Avenue Subway Station, serviced by the G and L trains. The site changed hands in July of 2016, for $3.1 million. An anonymous LLC is behind the applications.

Permits Filed for 207 Bay 35th Street, Gravesend, Brooklyn

6:30 am on February 26, 2018 By Jordan Beeche

Permits have been filed for a four-story structure at 207 Bay 35th Street, in Gravesend, Brooklyn. The 25th Avenue subway station lies just east of the property, and offers service on the D line. Kam Cheung Realty LLC is responsible for the development.

Permits Filed For 1665 42nd Street, Borough Park, Brooklyn

6:00 am on February 26, 2018 By Jordan Beeche

Permits have been filed for a three story building at 1665 42nd Street, in the Borough Park neighborhood of Brooklyn. The site sits one block east of the Ditmas Avenue subway station, which offers service on the F line. Cityscape Build will be responsible for the development.

John Catsimatidis Updates YIMBY On Red Apple Group’s Massive Coney Island Project

8:00 am on February 23, 2018 By Nikolai Fedak

Back in January, YIMBY posted a new rendering for Red Apple Group’s 3514 Surf Avenue, in Coney Island. Since then, we’ve spoken with the site’s developer, John Catsimatidis, who offered an even fresher image of the project, as well as some additional insight into what’s happening across the neighborhood and Brooklyn.

26-Story Mixed-Use Tower Coming to 159 Broadway in Williamsburg, Brooklyn

7:30 am on February 23, 2018 By Andrew Nelson

Permits have been filed for a 26-story hotel and residential tower at 159 Broadway, in Williamsburg, Brooklyn. Rising above the Williamsburg Bridge’s final stretch in Brooklyn, the structure would be a highly visible addition to the neighborhood. The J, M, and Z trains all ride just past the site. Their first stop in Brooklyn, Marcy Avenue, is just four blocks away. Cornell Realty will be responsible for the development, after purchasing the site for $26.2 million.

Construction Nears Finish Line, Sales Gallery Opens for 91 Leonard Street, Tribeca

7:00 am on February 23, 2018 By Jordan Beeche

Yet another new development in Tribeca is nearing the finish line, and work on the sales gallery for 91 Leonard Street has now wrapped. Toll Brothers City Living is responsible for the development, and the condominium building, known as 91 Leonard, will rise 19 floors and 210 feet to its rooftop.

Permits Filed for 169 Tillary Street, Downtown Brooklyn

6:30 am on February 23, 2018 By Andrew Nelson

Permits have been filed for a 13-story high-rise residential building at 169 Tillary Street, in Downtown Brooklyn. The site is six blocks away from the DeKalb Avenue Subway Station, right by 138 Willoughby Street, as well as 9 and 61 Dekalb. Gold Street Realty Holdings will be responsible for the development.

270 Park Avenue To Become Largest Purposely-Demolished Building In World History

8:00 am on February 22, 2018 By Andrew Nelson

The Park Avenue corridor north of Grand Central is about to sprout yet another major new addition. 432 Park Avenue opened as the tallest residential tower in the country earlier this decade. 425 Park Avenue is currently under construction, and will soon become an 892-foot tall office building. And now, 270 Park is set for demolition and rebirth as a supertall, stretching to an eventual pinnacle 1,200 feet above street level.

Piet Boon-Designed Conversion of 101 Wall Street Complete, Financial District

7:30 am on February 22, 2018 By Jordan Beeche

Work at 101 Wall Street, in the Financial District of Manhattan, is just about complete. The property, formerly known as 99 Wall Street, was purchased by the Claremont Group in 2015, and has been undergoing a conversion from office to residential use.

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