At the corner of Pontiac Place and Jackson Avenue in the Melrose section of the South Bronx, a new building application has been filed for a six-story mixed-use building with ground floor retail and community space.
National Resources has received $12.5 million in financing from CIT Real Estate Finance to begin construction of Phase II of The Pearl, on the southern end of Edgewater, New Jersey. Given what has already been built, three residential buildings of five or six stories are likely in the works; phase II will total 63 residential units, per Commercial Observer.
Racebrook Capital has begun construction of the nearly 200,000 square-foot animal transportation facility, dubbed “The Ark”, at John F. Kennedy International Airport, in Queens, per the Commercial Observer. Abandoned Building 78 is being converted into the facility, and Gensler, along with other partners, is designing. The $48 million project is expected to open in late 2016.
Property owner Jack Schwartz has filed applications for two four-story, four-unit residential buildings spanning the vacant lots 1520-1522 48th Street, in central Borough Park. AA Buildings & Inspection Services, the concrete contractor, is the architect of record, and in 2009, a three-story residential structure was demolished.
Per The New York Times, Sorgente Group is converting the five-story commercial loft building at 60-66 White Street, in Tribeca, into eight luxury units. Interior work is underway, and the building will be renovated to environmentally friendly standards. Multiple units are already in contract, and completion is expected by 2016.
