Excavation Progresses at 27-01 Jackson Avenue in Long Island City, Queens

8:00 am on March 4, 2022 By Michael Young

Excavation work is moving along at 27-01 Jackson Avenue, the site of a 27-story residential skyscraper in the Court Square district of Long Island City, Queens. The 151,000-square-foot tower is being designed by SLCE Architects for Fetner Properties and Lions Group, which secured a $95 million construction loan for the development. The financial package was done under a joint venture, American Lions, LLC, with the funds provided by Bank Leumi USA, Leumi Partners, and Israel Discount Bank. Lions Group II, LLC is the general contractor for the property, which is located at the corner of Jackson and 43rd Avenues.

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Aerial view of Station Bay - BNE Real Estate Group

Station Bay Residential Complex Opens at 1000 Schindler Drive in South Amboy, New Jersey

7:30 am on March 4, 2022 By Sebastian Morris

BNE Real Estate Group was joined by local officials to celebrate the grand opening of Station Bay, a 291-unit rental complex at 1000 Schindler Drive in South Amboy, New Jersey. As the first phase of the $500 million redevelopment project to be completed, Station Bay is now the town’s largest multifamily rental complex and will soon welcome new tenants.

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Housing Lottery Launches for 2381-2383 Lorillard Place in Tremont, The Bronx

6:30 am on March 4, 2022 By Vanessa Londono

The affordable housing lottery has launched for 2381-2383 Lorillard Place, a pair of four-story residential buildings in Tremont, The Bronx. Designed by Gerald J. Caliendo and developed by Aviram Chen, the structures yield seven residences each. Available on NYC Housing Connect are six units total for residents at 130 percent of the area median income (AMI), ranging in eligible income from $60,858 to $139,620.

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New Renderings Revealed for 1,200-Foot PENN15 Supertall in Midtown, Manhattan

8:00 am on March 3, 2022 By Michael Young

Fresh renderings by DBOX shed new light on PENN 15, a 56-story, 1,200-foot-tall commercial skyscraper at 15 Penn Plaza in Midtown, Manhattan. Designed by Foster + Partners and developed by Vornado Realty Trust, the 2.7 million-square-foot supertall will rise from the site of the Hotel Pennsylvania, which has been closed since early 2020 and is beginning the demolition process. The tower will be the tallest component in the 7.4-million-square-foot Penn District master plan, on a plot bound by Seventh Avenue to the west, West 32nd Street to the south, and West 33rd Street to the north.

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