Mortar Group, a New York-based real estate development firm, has closed on the acquisition of a new development site at 30 Bushwick Avenue in East Williamsburg, Brooklyn. Under new ownership, the building will top out at eight stories, yield 24,000 gross square feet, and comprise 24 rental apartments.
Permits have been filed for a nine-story residential building at 2892 Nostrand Avenue in Sheepshead Bay, Brooklyn. Located between Kings Highway and Avenue P, the lot is closest to the Kings Highway subway station, serviced by the B and Q trains. Igor Vaysman under Mike Rose Realty LLC is listed as the owner behind the applications.
Construction is nearing topping out on 509 Third Avenue, a 35-story residential tower in Murray Hill. Designed by Ismael Leyva Architects and developed by Lalezarian Properties under the Third and Thirty Four LLC, and Kahen Properties. The 386-foot-tall structure will yield 166,917 square feet with 229 residential units, most likely rentals with an average scope of 692 square feet each, as well as 8,253 square feet of commercial space and a 30-foot-long yard. The property is located at the corner of Third Avenue and East 34th Street.
Demolition is complete at 111 Willoughby Street, the site of a 40-story residential tower in Downtown Brooklyn. Designed by GF55 Architects and developed by The Michaels Organization, Triangle Equities, and Geolo Capital, the 437-foot-tall structure will yield 205,000 square feet with 227 rental units, a 20,000-square-foot ministry center for the St. Boniface parish, and 1,814 square feet of commercial space. ZDG is the general contractor for the property, which is located by the intersection of Willoughby Street to the south and Duffield Street to the east.
The Brodsky Organization has leased all available apartments at ‘Plank Road,’ the latest residential building within the Pacific Park mega-development in Prospect Heights, Brooklyn. Designed by Marvel Architects, the 27-story building is located at 662 Pacific Street and offers collection of 312 mixed-income apartments, amenity spaces, and ample outdoor space.