Sunshine Cinema in the Lower East Side will soon be demolished to make room for a nine-story office building. Developers East End Capital and K Property Group have secured some $90 million in financing to fulfill their proposal at 141 East Houston Street. According to Crain’s Business, the development partners obtained a $67 million construction loan from CapitalSource and $19 million of mezzanine financing from Canyon Partners.
Three piling machines and two excavators have been set up at 37 Sixth Avenue in Prospect Heights, Brooklyn. The upcoming 343,788-square-foot, mixed-use building will rise 26 stories and bring 323 rental units to the neighborhood. The property sits at the corner of Dean Street and Sixth Avenue and is directly to the east of Barclays Center. Marvel Architects is the designer and the Brodsky Organization is the developer. An updated rendering was also posted on the construction fence. The project is alternately addressed 495 Dean Street and 664 Pacific Street.
The Westchester County Industrial Development Agency (IDA) has announced three mixed-use developments that are expected to create more that 3,000 construction jobs and approximately 1,800 residential units. All together, the properties represent $1.2 billion in private investments and are poised to invigorate the downtown White Plains area.
Permits have been filed for a 15-story hotel at 144-02 94th Avenue in Jamaica, Queens. Located between Liverpool Street and Sutphin Boulevard, the corner lot is near the Jamaica LIRR train station and the Sutphin Boulevard-Archer Avenue subway station, serviced by the E train. Nehalkumar Gandhi under the Liverpool Realty LLC is listed as the owner behind the applications.
Permits have been filed for a seven-story mixed-use building at 4421 White Plains Road in Wakefield, The Bronx. Located between Nereid Avenue and East 239th Street, the interior lot is steps away from the Nereid Avenue subway station, serviced by the 2 and 5 trains. Kim Tasher under the SKF Development LLC is listed as the owner behind the applications.