Daytime view of Riverdale Osborne Towers

Developers Close on $100M Refinance for Riverdale Osborne Towers in Brownsville, Brooklyn

7:00 am on February 20, 2023 By Sebastian Morris

The Community Preservation Corporation (CPC) and Proto Property Services have closed on a $100 million refinance for Riverdale Osborne Towers, a 525-unit affordable housing complex in Brownsville, Brooklyn. The partners plan to use the financing to complete extensive renovations and facility modernization throughout the complex, which is addressed as 420-440 Watkins Street. The funds will also ensure the property remains financially stable and preserves long-term affordability for residents.

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Hotel Indigo Completes Construction at 50 Trinity Place in Financial District, Manhattan 

8:00 am on February 19, 2023 By Michael Young

Construction is complete on 50 Trinity Place, a 28-story Hotel Indigo in the Financial District. Designed by Peter Poon Architects and developed by FIT Investment Corporation, the 311-foot-tall structure yields 77,310 square feet and 173 guest rooms. Cauldwell Wingate was the general contractor for the Lower Manhattan project, which is located at the southwest corner of Trinity Place and Rector Street, diagonally across from Trinity Church.

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47 Diamond Street Tops Out in Greenpoint, Brooklyn

7:30 am on February 19, 2023 By Michael Young

Construction has topped out on 47 Diamond Street, a three-story residential building in Greenpoint, Brooklyn. Designed by Paul Lombardi of Design Studio Associates and developed by 47 Diamond Street LLC, the 48-foot-tall structure will span 133,321 square feet and yield nine units with an average scope of 1,480 square feet, as well as a cellar level, a penthouse, and a 30-foot-long rear yard. Giron Contracting is the general contractor for the project, which is located on an interior lot between Nassau and Driggs Avenues.

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