Permits have been filed for an 11-story mixed-use building at 179 4th Avenue, on the border of Park Slope and Gowanus, in Brooklyn. The site is just two blocks away from the Union Street Subway Station, serviced by the D and R trains. The Whole Foods Market right on the Gowanus Canal is also nine blocks away. Vanguard Investors will be responsible for the development.
The first commercial tower to open in Hudson Yards, 10 Hudson Yards, is still making headlines, having now achieved LEED-Platinum certification from the U.S. Green Building Council. This surpasses original expectations of a LEED-Gold Certificate. Developers Related Companies and Oxford Properties Group announced that this is the first commercial building in New York City to receive the award since the LEED v2009 rating system was established.
Delancey Street Associates has closed a deal for funding the construction of 180 Broome Street, on the Lower East Side. The capital comes from Wells Fargo and M&T Bank, along with equity from DSA and Goldman Sachs Urban Investment Group. The loan secures $200 Million out of the projected total construction cost of $300 million. Essex Crossing is being developed by Delancey Street Associates, which is comprised of BFC Partners, L+M Development Partners, Taconic Investment Partners, and Goldman Sachs.
Permits have been filed for a six-story building at 144 West 125th Street, in Harlem, Manhattan. The new structure will add to the Studio Museum in Harlem, an international center for contemporary artists of African descent. In September the institution announced a $175 million capital campaign to help fund construction, and the development will be a private-public initiative in partnership with the City of New York.
A new high-rise could be coming right next to the future supertall at 9 DeKalb Avenue. Permits have been filed for a 34-story residential building and parking garage at 61 DeKalb Avenue, on Long Island University’s campus in Downtown Brooklyn. The site is just a handful of blocks away from the A, B, C, D, G, Q, R, 2 3, 4, and 5 train, giving it near-immediate access to the rest of the city. Also in the neighborhood is NYU’s growing Brooklyn campus. LIU will be responsible for development.
