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Rendering of 50 and 55 Hudson Street, via MHS Architects

$331 Million Construction Loan Secured For 50 Hudson Street In Jersey City, New Jersey

Tishman Speyer has secured a $331 million construction loan to begin development on 50 Hudson Street, the second phase of a two-tower residential project in Jersey City, New Jersey. The 40-story tower is planned to deliver 924 rental apartments, 10,000 square feet of ground-floor retail, and a new public plaza connecting to the Hudson River esplanade. The building was designed in collaboration with Handel Architects, Marchetto Higgins Stieve Architects, Hollander Design, Melillo Bauer Carman, and Michaelis Boyd.

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Housing Lottery Launches for 2070 Honeywell Avenue in West Farms, The Bronx

The affordable housing lottery has launched for 2070 Honeywell Avenue, a seven-story residential building in West Farms, The Bronx. Designed by Badaly Architects and developed by David Pllumbi, the structure yields 54 residences. Available on NYC Housing Connect are 17 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $83,658 to $218,010.

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Construction Resumes on 20-Story Condominium Building at 550 West 21st Street in West Chelsea, Manhattan

Work is set to resume at 550 West 21st Street, the site of a 20-story residential building in West Chelsea, Manhattan. Developed by Legion Investment Group, the structure will yield 75 condominium units. According to the Real Deal, the developer acquired the stalled property for $87 million last year and can build a mixed-use project measuring up to 172,000 square feet. The nearly 0.5-acre project site is located at the corner of West 21st Street and the Hudson River Greenway.

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