Developers behind a sprawling mixed-use community in The Bronx recently secured an $18.85 million injection from Meridian Capital Group, one of the largest mortgage brokerage firms in the United States. The funding is specifically allocated to facilitate the construction of a new building at 2475 Exterior Street located along the Harlem River, immediately south of the Alexander Hamilton Bridge.
Permits have been filed for a six-story mixed-use building at 583 Albany Avenue in East Flatbush, Brooklyn. Located at the intersection of Rutland Road and Albany Avenue, the corner lot is near the Sterling Street subway station, serviced by the 2 and 5 trains. David Fischer under the 575 Albany Avenue LLC is listed as the owner behind the applications.
Exterior work has wrapped up on 111 Leroy Street, a ten-story residential development in the West Village. Designed by Workshop/APD and developed by Property Markets Group, the project is composed of nine full-floor condominiums, called The Residences, and five adjacent single-family townhouses, called The Houses. Douglas Elliman is in charge of marketing and sales of the 14 units.
The site of the Hudson Arts Building at 220 Eleventh Avenue is gearing up for excavation in West Chelsea. Designed by Studios Architecture and developed by The Moinian Group, the glass-clad commercial office project will span a full block between West 25th Street and West 26th Street and feature ceiling heights exceeding 17 feet. JLL is the exclusive leasing agent for the property.
Robert A.M. Stern Architects has revealed renderings for a new student residence hall that is set to break ground this year in Morningside Heights, Manhattan. Located at 171 Claremont Avenue, the project is being developed by non-profit firm International House New York and will replace a single-story garage structure with eight floors of graduate student housing.