Lam Group and Exact Capital Group have closed on a $167.5 million construction loan to refinance Victoria Tower Residences, a 26-story mixed-use rental property in Central Harlem. The building is located at 233 West 125th Street, a site formerly occupied by the historic Victoria Theatre.
Permits have been filed for an 11-story residential building at 1826 Fulton Street in Bedford Stuyvesant, Brooklyn. Located between Rochester Avenue and Buffalo Avenue, the lot is two blocks east of the Utica Avenue subway station, serviced by the A and C trains. TOT Developers is listed as the owner behind the applications.
Permits have been filed for a seven-story mixed-use building at 126 Hester Street in Chinatown, Manhattan. Located between Chrystie Street and Bowery, the lot is one block south of the Grand Street subway station, serviced by the B and D trains. Ruoxu You under the Fortune Assets LLC is listed as the owner behind the applications.
Façade work is nearing completion on 125 West End Avenue, an eight-story building on Manhattan’s Upper West Side. Designed by Taconic Partners, Jaros, Baum & Bolles (JB&B), and Perkins+Will, the project involves the re-cladding and interior renovation of the 400,000-square-foot structure into a life sciences and research laboratory. The 3.4-acre complex was originally constructed as an automotive facility for the Chrysler Motor Company and was later occupied by Walt Disney/ABC broadcasting company, but had sat vacant since early 2021. Taconic and Nuveen Real Estate purchased the building for $230 million in late 2019, and CBRE is in charge of marketing and leasing the commercial space. JRM Construction Management, LLC is the general contractor for the project, which sits at the corner of West 66th Street and West End Avenue, a very short walk from Riverside Park South.
Sigma Computing has committed to leasing space at Zero Irving, a 21-story technology hub under construction at 124 East 14th Street in Union Square. Designed by Davis Brody Bond and developed by RAL Development and Junius Real Estate Partners, the building will offer a mix of space for affordable and market-rate offices, tech incubators, co-working suites, and training centers.
