Fisher Brothers, Witkoff, and New Valley have closed on a $445 million construction loan for their planned 58-story, 157-condo-unit luxury tower at 111 Murray Street, in Tribeca. YIMBY brought you new renderings of the Kohn Pedersen Fox-designed building last month, and David Mann is designing the interiors; retail space will also measure 2,100 square feet on the ground floor.
Last Summer, YIMBY brought you news of General Growth Properties’ plans to expand the 1.2 million square-foot Staten Island Mall, at 2655 Richmond Avenue, by 418,000 square feet. Perkins Eastman is designing, and the first renderings of the expansion were released in February. Now, per Commercial Observer, the City Planning Commission has approved the project, and updated renderings are available. Construction will begin once the DOB green-lights the building permits, and completion is expected in 2017.
In September of 2014, work kicked off at 42-60 Crescent Street, in Long Island City, where Rising Developers Group is building a 10-story, 40-condo-unit residential building, with 2,310 square feet of retail space on the ground floor. Dubbed Factory House, the building topped-out in April. Now façade installation is wrapping up and scaffolding is coming down, The Court Square Blog reports. Alfredo Fredericks is the architect of record, and completion is expected later this year.
Abe Leser’s Mapleton Group has acquired the two-story, 115,000 square-foot commercial building at 2440 Fulton Street, in Ocean Hill — within walking distance of Broadway Junction and LIRR’s East New York station — for $33 million. The property has 40,000 square feet of available air rights, but could accommodate a new commercial building of 155,000 square feet if demolished. Plans for the site have not yet been disclosed, according to The Real Deal.
Normandy Real Estate Partners and Toll Brothers are planning to build a six-story, 421-unit residential complex at 103-105 Corporate Park Drive, in Westchester County’s Harrison. The site is located in “the teardrop” — the swath of land flanked by I-684, the Hutch, the CWE and an interchange, which mostly consists of office parks. Activists are currently rallying for the inclusion of affordable units, reports Westfair Communications.