A joint venture led by Claremont Development, Stanbery Development Group, and PCCP has closed on a $146.6 million loan to redevelop a vacant commercial campus into a vibrant mixed-use community in Parsippany, New Jersey. The property is located near the Route 10-Dryden Way exit and will debut as The District at 15fifteen.
The affordable housing lottery has launched for 1010 Pacific Street, a nine-story residential building in Crown Heights, Brooklyn. Designed by J. Frankl Associates and Studio C Architecture and developed by Naresh Mahangu of NY Building Associates Inc., the structure yields 175 residences. Available on NYC Housing Connect are 53 units for residents at 80 to 130 percent of the area median income (AMI), ranging in eligible income from $72,000 to $167,570.
Permits have been filed for a three-story residential building at 1712 10th Avenue in Windsor Terrace, Brooklyn. Located at the intersection of 18th Street and 10th Avenue, the corner lot is a short walk to the 15th Street-Prospect Park subway station, serviced by the F and G trains. Shiraz Sanjana of Huntington & Hicks LLC is listed as the owner behind the applications.
Construction is rising on 250 East 83rd Street, a 31-story residential tower in the Yorkville section of Manhattan’s Upper East Side. Designed by SLCE Architects and developed by The Torkian Group, the 370-foot-tall structure will yield 128 residential units with interiors by Lemay+Escobar, as well as ground-floor retail space. Cauldwell Wingate Company is the general contractor for the property, which is located at the corner of Second Avenue and East 83rd Street.
Piedmont Office Realty Trust has revealed an extensive capital improvement program at 60 Broad Street, a 38-story mid-century office tower in Manhattan’s Financial District. Designed by Morris Adjmi Architects, a tenant at the building, the overhaul will create a new building entryway, a renovated lobby, modernized elevator cabs, and new amenity spaces. The property is bound by Beaver Street to the south, Broad Street to the east, and New Street to the west.