SB Development and Hazelton Capital Group have secured a $62 million loan to facilitate the completion of Nova, an 86-unit condominium tower at 41-05 29th Street in Long Island City, Queens. Designed by Fogarty Finger, the residential collection will range from studios up to three-bedroom layouts, with no more than five units per floor. The loan was provided by Northwind Group, a Manhattan-based real estate private equity firm.
Permits have been filed to expand a three-story structure into a four-story mixed-use building at 87 South 6th Street in Williamsburg, Brooklyn. Located between Berry Street and Bedford Avenue, the lot is a short walk to the Marcy Avenue subway station, serviced by the J, M, and Z trains. Moses Jacobowitz under the 146 Wyckoff Developer is listed as the owner behind the applications.
Number 14 on our December countdown of the tallest buildings under construction in New York is 43-30 24th Street, a 66-story residential skyscraper in Long Island City, Queens. Designed by Hill West Architects and developed by Carmel Partners, the 731-foot-tall tower will yield 921 units spread across 838,000 square feet and 17,400 square feet of ground-floor commercial retail space. The developer purchased the 79,250-square-foot full-block parcel from Stawski Partners for $200 million in March and later secured a $364 million construction loan from Wells Fargo to complete the project. Carmel Construction East is the general contractor for the property, which is bound by 43rd Avenue to the north, 44th Road to the south, 24th Street to the east, and 23rd Street to the west.
Excavation has begun at 14 White Street, the site of a seven-story residential building in the Tribeca East Historic District. Designed in collaboration between NAVA and DXA Studios and developed by 14 White Street Property Owner LLC, the 30,000-square-foot structure will yield ten condominium units ranging from 1,200-square-foot two-bedroom homes to four-bedroom layouts spanning 4,000 square feet. Central is the general contractor for the property, which is bound by White Street to the south and Sixth Avenue to the east.
The DUMBO Improvement District and the Downtown Brooklyn Partnership have unveiled a new public sculpture honoring late musician Christopher Wallace, more commonly known as The Notorious B.I.G. From artist Sherwin Banfield, the new sculpture is titled Sky’s the Limit in the County of Kings and sits on the northeast corner of Prospect and Washington Streets near the entrance of the Brooklyn Bridge in DUMBO.