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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Two-Tower Development Taking Shape at 267 Bond and 498 Sackett Streets in Gowanus, Brooklyn

Foundation work is wrapping up on Society Brooklyn and Sackett Place, a pair of 21-story residential buildings at 267 Bond Street and 498 Sackett Street in Gowanus, Brooklyn. Designed by SLCE Architects and developed by Property Markets Group, which acquired both plots for $9 million in 2021, the complex will yield a combined 594,000 square feet with 517 residential units and 52,000 square feet of commercial space. The development is proceeding with $18.5 million in financing from Maxim Capital Group. Urban Atelier Group is the general contractor for the project, which is bound by DeGraw Street to the north, Sackett Street to the south, the Gowanus Canal to the east, and Bond Street to the west.

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Housing Lottery Launches for 1001 Bushwick Avenue in Bushwick, Brooklyn

The affordable housing lottery has launched for 1001 Bushwick Avenue, a six-story residential building in Bushwick, Brooklyn. Designed by BEAM Architects and developed by Joel Berkowitz, the structure yields 24 residences. Available on NYC Housing Connect are 11 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $93,909 to $187,330.

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