Cravath, Swaine & Moore, one of the country’s longest-running law firms, has finalized negotiations to establish its New York headquarters at Brookfield’s Two Manhattan West. As anchor tenant of the property, Cravath will occupy 13 floors of the building or approximately 481,000 square feet.
Renderings have been revealed of Avalon Tower, a 70-story skyscraper that will be one of the tallest structures to rise in Jersey City and all of the state. Approved last month, the 950-unit building will be located at 444 Washington Boulevard near the Hudson River Waterfront Walkway. The developer, known as Tower Cove Jersey City Urban Renewal, plans to build the tower on the northwest corner of the site, which is currently occupied by a parking lot. Part of the project includes public spaces called the East Coast Greenway Plaza and Overlook Plaza along Thomas Gangemi Drive that will offer Manhattan skyline views, a pedestrian terrace, a children’s play area, and a dog run.
Permits have been filed for a four-story residential building at 175 Palmetto Street in Bushwick, Brooklyn. Located between Central Avenue and Wilson Avenue, the lot is three blocks from the Myrtle-Wyckoff Avenues subway station, serviced by the L and M trains. Yisroel Greenfeld under the 177 Palmetto Apartment LLC is listed as the owner behind the applications.
Front and York, Morris Adjmi Architects‘ 1.1-million-square-foot residential development at 85 Jay Street, is steadily rising in in DUMBO, Brooklyn. Two construction cranes continue to lift and place materials across the wide floor plates of the reinforced concrete structure. CIM Group and LIVWRK are the developers of the 21-story project, which will yield condominiums, rentals, and retail space.
Macklowe Properties recently negotiated a refinancing package to the tune of $192 million for Harry Macklowe’s three Midtown parcels. Two of the lots, 5 East 51st Street and 12 East 52nd Street, could be the home of Tower Fifth, a 1,556-foot-tall office tower and New York City’s future tallest building by roof height. The refinancing from Fortress Investment Group also includes the 17 East 47th Street site and a new $50 million mortgage replacing a $124 million loan.