The development team behind a waterfront logistics center in The Bronx’s Schuylerville neighborhood has secured $305 million in financing to fund construction. The New York City-based developers include Innovo Property Group and Square Mile Capital Management, who worked with Bank OZK and the Structured Finance platform of EverWest Real Estate Investors to structure the deal.
Work is wrapping up on The Symon, a 13-story condominium building at 70 Schermerhorn Street in Brooklyn Heights. Colberg Architecture is the architect of record, while Lonicera Partners, Orange Management, and The Davis Companies are the three developers. The project is located between Boerum Place and Court Street and is steps away from the faux subway entrance to the subterranean New York Transit Museum. Studio DB designed the interior and exteriors of the building.
Permits have been filed for a five-story residential building at 1054 41st Street in Borough Park, Brooklyn. Located between Tenth Avenue and Fort Hamilton Parkway, the interior lot is three blocks east of the Fort Hamilton Parkway subway station, serviced by the D train. Li Qing of Blue Mountain Capital is listed as the owner behind the applications.
The reinforced concrete superstructure of 18 Sixth Avenue, a 49-story residential skyscraper, has begun ascending in Prospect Heights, Brooklyn. Designed by Perkins Eastman and developed in a joint venture between The Brodsky Organization and Greenland Forest City Partners, the 500-plus-foot-tall building will yield 858 rental units, of which 258 will be dedicated to affordable housing. The project will be the tallest structure in the 22-acre Pacific Park master plan.
INOA Architecture has released new renderings of a five-story rental building at 81 India Street in Greenpoint, Brooklyn. As depicted, the structure features an idiosyncratic, futuristic massing unlike any building under construction in the neighborhood.