Pace University Tower’s Foundations Take Shape at 15 Beekman Street in Financial District, Manhattan

7:30 am on April 10, 2022 By Michael Young

Below-grade work is continuing at 15 Beekman Street, the site of a 27-story academic center and dormitory for Pace University in the Financial District. Designed by Manish Chadha of Ismael Leyva Architects and developed by SL Green Realty, the 338-foot-tall structure will yield 213,084 square feet of classrooms, dorm rooms, a dining facility, a library, and a learning center. The building will also have a cellar, sub-cellar, and a 20-foot-long rear yard. New Line Structures & Development LLC is the general contractor for the property, which is located at the corner of Beekman and Nassau Streets and is alternatively addressed as 126-132 Nassau Street.

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Aerial view of Harlem River Houses

Merchants Capital Provides $104M for NYCHA Harlem River Houses Rehabilitation Project in West Harlem, Manhattan

7:00 am on April 10, 2022 By Sebastian Morris

Merchants Capital has provided $104 million in construction financing for a major rehabilitation project at Harlem River Houses and the adjacent Harlem River II Campus, collectively known as Harlem River Houses I and II. The New York City Housing Authority (NYCHA) public housing complex sits between 151st and 153rd Street, Macombs Place, and Harlem River Drive in Harlem.

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Pilings and Excavation Continue at 625 Fulton Street in Downtown Brooklyn

8:00 am on April 9, 2022 By Michael Young

Below-grade work is continuing to progress at 625 Fulton Street, the site of a planned 35-story tower in Downtown Brooklyn. Designed by Fischer Rasmussen Whitefield Architects and developed by Rabsky Group, which closed on $450 million in construction financing from Madison Realty Capital, the building will yield 1,098 units, 26,000 square feet of retail space, and a parking garage for up to 250 vehicles. The project has gone through numerous design iterations since its conception, including work by Skidmore Owings & Merrill, and is located on a plot bound by Fulton Street to the south, Hudson Avenue to the west, Rockwell Place to the east, and the 34-story 80 DeKalb Avenue to the north.

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