Last week, private equity real estate fund manager Red Stone Equity Partners celebrated the closing of financing for Balton Commons, a $19-million mixed-use development currently under construction at 267 West 126th Street in Harlem, Manhattan. Developed in partnership with Lemor Development Group and Apex Building Group, the seven-story building will have 4,500 square feet of tech incubator space managed by non-profit Silicon Harlem, 1,200 square feet of ground-floor commercial space, 1,350 square feet of community facility space, and 37 residential units dedicated to mixed-income affordable housing for residents between 30 and 90 percent of the area median income.
Exterior work is complete and closings are underway for Jersey City‘s 99 Hudson Street, the tallest skyscraper in the state of New Jersey and number 11 on our annual construction countdown. Designed by Perkins Eastman and developed by COA 99 Hudson, LLC, the 79-story, 900-foot-tall residential tower contains 781 condominium units. The site is bound by Hudson Street to the east, Grand Street to the south, Greene Street to the west, and York Street to the north.
The final exterior touches are underway on 12 East 48th Street, a 367-foot-tall hotel tower in Midtown East. Designed by Handel Architects and developed by Hidrock Realty, the property is set to house a 161-room, 125,000-square-foot Hilton Grand Vacation Hotel. DeSimone Consulting Engineers is the structural engineer, The Rinaldi Group is the general contractor, and IBA Consulting & Engineering, PLLC is the envelope consultant for the building, which is located between Madison Avenue and Fifth Avenue.
DCP Architecture has won preliminary approvals from the Landmarks Preservation Commission (LPC) to construct a new rooftop volume atop a historic three-story townhouse in Greenwich Village. Located at 224 West 10th Street, the project will not move forward until the design team modifies the proposed volume to further reduce visibility of the rooftop volume from West 10th Street and Christopher Street.
Construction is expected to begin in January on Melrose North, a residential development that will bring 171 units of supportive and affordable housing to 925 Courtlandt Avenue in South Bronx’s Morrisania neighborhood. In a partnership between developer Bronx Pro Group and the New York City Housing Authority (NYCHA), the $92 million project will be built on a vacant NYCHA waste facility site.