Developer Teddy Li recently secured financial backing from Madison Realty Capital to facilitate completion of a new 240-key Staybridge Suites hotel in Long Island City. Located at 38-59 11th Street, the development will comprise approximately 183,000 square feet and top out at 24 stories.
Permits have been filed for a 12-story mixed-use building at 212 East 125th Street in East Harlem, Manhattan. Located on the corner of Third Avenue and 125th Street, the lot is one block east of the 125th Street subway station, serviced by the 4, 5, and 6 trains. The Hakimian Organization is listed as the owner behind the applications.
Permits have been filed for a five-story mixed-use building at 566 Grand Avenue in Williamsburg, Brooklyn. Located between Union Avenue and Lorimer Street, the lot is four blocks south of the Lorimer Street subway station, serviced by the L train. Empire Square Group is listed as the owner behind the applications.
The reinforced concrete superstructure of 555 West 22nd Street has quickly reached the tenth floor in Chelsea, and work shows no signs of slowing down. These large lower floor plates take up nearly the entire span of the property, while the next 16 floors will be smaller and form the main tower. Robert A. M. Stern Architects is the designer and Related Companies is the developer of the 26-story condominium project. SLCE Architects is serving as the architect of record. This will become the second Chelsea residential project for Robert A.M. Stern’s design firm and will contain a total of 39 units, averaging around 2,245 square feet apiece.
Hudson County executive Tom DeGise and Jersey City mayor Steven M. Fulop are working in partnership to create a new three-acre public park in Journal Square, New Jersey. The park will debut as part of the forthcoming Honorable Frank J. Guarini Justice Complex, which also includes a mix of public and civic facilities.