The Sapir Organization has partnered with Industrious to create a new co-working office space at 261 Madison Avenue in Midtown, Manhattan. The co-working suite, a former WeWork property, will occupy the building’s ninth and tenth floors or approximately 44,000 square feet.
Permits have been filed for a five-story mixed-use building with mixed-income housing at 975 Nostrand Avenue in Crown Heights, Brooklyn. Located between Empire Boulevard and Montgomery Street, the lot is two blocks from the Sterling Street subway station, serviced by the 2 and 5 trains. Sally Gilliland of Cadman Associates LLC is listed as the owner behind the applications. Earlier this year Hudson Companies purchased the site from Midwood Investment & Development for $41.5 million.
Construction is nearing completion on 7 Dey Street, a 34-story mixed-use tower in the Financial District. Formerly known as 185 Broadway, the 404-foot-tall structure is designed by FXCollaborative and developed by SL Green Realty and will yield 260,000 square feet and 209 rental units ranging from studios to three-bedroom layouts. Douglas Elliman Development Marketing is handling marketing and sales, and INC Architecture & Design is in charge of the interiors, which will come with three floors of amenities. Pavarini McGovern is the general contractor for the project, located at the corner of Broadway and Dey Street. The development was made possible thanks to un-utilized air rights SL Green purchased from the Metropolitan Transportation Authority (MTA).
Construction on 540 Hudson Street is progressing as the seven-story, 63-foot-tall reinforced concrete superstructure begins to climb above the sidewalk scaffolding. William Gottlieb Real Estate is the developer and Titanium Construction Services is the general contractor of the Greenwich Village property, which is located at the corner of Hudson and Charles Streets. The residential and retail building is rising on what was once a vacant lot and before that a gas station and garage. The Landmarks Preservation Commission (LPC) approved the updated plans last December and BKSK Architects is adopting the original design that was first envisioned by Morris Adjmi Architects. The final result will be a 48,535-square-foot building with 6,000 square feet of retail space on the ground floor and cellar, and a total of 26 apartments.
Namdar Group, a family-owned developer based in New York City, has closed on a $96 million financing package to complete a new high-rise residential building in Jersey City. The property is located at 26 Van Reipen Avenue and will eventually support a 27-story building with 235 rental apartments and ground-floor retail.