499 President Street Readies for Excavation in Gowanus, Brooklyn

Excavation set to begin at 499 President Street, the site of an eight-story residential building in Gowanus, Brooklyn. Designed by SLCE Architects and developed by The Brodsky Organizationwith Avery Hall Investments, the 322,000-square-foot structure will yield 350 rental units in studio to two-bedrooms layouts, with 25 percent designated for affordable housing, as well as 20,000 square feet of ground-floor retail space. Urban Atelier Group is the general contractor for the 1.6-acre property, which is bound by Union Street to the north, President Street to the south, and Nevins Street to the west.

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Plans Unveiled for Phase 2 of Life Sciences and Technology Development in New Brunswick, New Jersey

SJP Properties and New Brunswick Development Corporation (DEVCO) have unveiled plans to develop H-2, the second phase of HELIX Health + Life Science Exchange in downtown New Brunswick, New Jersey. With a total cost of $731 million, HELIX is the largest investment in life sciences and medical education in New Jersey’s history, and representative of the state’s life sciences sector and demand for accessible lab space. Plans for H-2 call for a mixed-use building yielding 600,000 square feet of build-to-suit lab and office space. HDR is the lead architect and JLL will serve as the H-2’s leasing agent.

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