Last summer, Greenpointers said goodbye to a sludge tank at Eagle and West Streets, and now part of the affordable housing for Greenpoint Landing is rising in its place at 33 Eagle Street and 21 Commercial Street.
Last year, Second Development Services paid $11 million for a four-story, turn-of-the-century walk-up at 88 Schermerhorn Street, between Court Street and Boerum Place in Downtown Brooklyn. By November, demo permits had been filed, and now plans are in the works to build a 27-story condo development on the site.
The developers of a 62-story, 139-unit mixed-use tower at 101-111 Murray Street, in Tribeca, have reportedly found financing, valued in the hundreds of millions, from a Chinese insurance company. YIMBY confirmed in March that 111 Murray Street will rise 857 feet tall, but first revealed the design in June of 2014. Witkoff Group and Fisher Brothers are developing; Kohn Pedersen Fox is designing. The site’s predecessor has now been demolished, and completion is expected in 2017.
PNC Bank has provided $154 million in financing to Heatherwood Communities to construct their planned 58-story, 477-unit residential tower now under construction at 42-12 28th Street, in Long Island City. YIMBY first revealed the project in April 2014, and construction was underway in January. Dubbed 28 on 28th, completion is expected in 2017.
Hotel developers are piling into manufacturing zones from the South Bronx to Bushwick, but the de Blasio administration is considering a ban on hotel development in these areas, particularly in protected industrial business zones (IBZs).
