L+M Development Partners has closed on $179 million in financing that will support the construction of three new buildings within the Marcus Garvey Extension Project. Located in Brownsville, Brooklyn, the buildings will establish 348 affordable and supportive housing units and approximately 13,400 square feet of commercial and community facility space.
Permits have been filed for a 34-story hotel building at 150 West 48th Street in Midtown, Manhattan. Located between Sixth Avenue and Seventh Avenue, the lot is steps from the 47-50 Streets Rockefeller Center subway station, serviced by the B, D, F, and M trains and the 49th Street station, serviced by the N, R, and W trains. Hotel developer Sam Chang of McSam Hotel Group is listed as the owner behind the applications, after paying $140 million to purchase the property earlier this year.
Permits have been filed for a seven-story mixed-use building at 302 West 128th Street in Harlem, Manhattan. Located between Frederick Douglass Boulevard and St. Nicholas Avenue, the lot is three blocks north of the 125 Street subway station, serviced by the A, B, C, and D trains. Stefan Martinovic under the Property 1 Holdings LLC is listed as the owner behind the applications.
Demolition work is continuing at 270 Park Avenue, where JP Morgan Chase is tearing down its current 707-foot-tall headquarters to construct a new 1,425-foot-tall, 2.5-million-square-foot home. Designed by Foster + Partners, the future Midtown East supertall is the fifth-tallest project underway in New York City.
The development arm of Suzuki Capital has announced a new apartment buidling project near the western boundary of Gowanus, Brooklyn. Located at 114 15th Street, the five-story building is designed by Darius Toraby Architects and will debut as Gowanus Manor.