111 Wall Street’s Renovation Underway in Financial District, Manhattan

8:00 am on November 30, 2021 By Michael Young

Work is underway on the re-cladding and renovation of 111 Wall Street, a 25-story commercial building in the Financial District. Designed by STUDIOS Architecture and developed by Wafra Capital Partners and The Nightingale Group, LLC, the project will also refresh the roughly 1.5-million-square-foot structure’s Class A office space, overhaul the infrastructure, expand its lobby, and add amenities designed by URBN Playground. Hunter Roberts Construction Group, LLC is the general contractor and JLL is handling leasing for the property, which is bound by Wall Street and Mannahatta Park to the northeast, Front Street to the northwest, Gouverneur Lane to the southwest, and South Street and the FDR Drive to the southeast. 111 Wall Street’s 21st century makeover is expected to cost $100 million.

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351 Marin Boulevard Wraps Up Construction in Jersey City, New Jersey

7:30 am on November 30, 2021 By Michael Young

Occupancy is set to begin this week at 351 Marin Boulevard, a 38-story rental property in Jersey City’s Powerhouse Arts District. Designed by Hollwich Kushner and HLW Architects and developed by Kushner Real Estate Group (KRE) in a joint venture with Northwestern Mutual, the 406-foot-tall property yields 507 apartments enclosed in a sleek envelope of glass and warm-colored brick. The property is located on a rectangular parcel bound by Marin Boulevard to the east, 1st Street to the north, Bay Street to the south, and low-rise buildings to the west. The Marketing Directors is the exclusive leasing agent for the studios and one- and two-bedroom homes. Units are priced at $2,650 on the low end, and grand opening incentives include two months free on a 14-month lease and three months free on a 26-month lease.

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Grace Towers Apartments at 2060 Pitkin Avenue in Brooklyn - Courtesy of SVN Affordable

Camber Property Group Acquires Affordable Housing Portfolio from Omni New York in $105M Deal

7:00 am on November 30, 2021 By Sebastian Morris

Camber Property Group has completed a $105 million acquisition of three Project Based Section 8 affordable housing complexes formerly owned by Omni New York. The three properties include Grace Towers, a 168-unit building in East New York, Brooklyn; Target V Apartments in the Morris Heights section of The Bronx; and Madson Apartments in East Harlem.

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Permits Filed for 130 East 177th Street in Mount Hope, The Bronx

6:30 am on November 30, 2021 By Vanessa Londono

Permits have been filed for a 12-story mixed-use residential building at 130 East 177th Street in Mount Hope, The Bronx. Located between Morris Avenue and Grand Concourse, the interior lot is two blocks south from the Tremont Avenue subway station, serviced by the B and D trains. FHMC Inc, a third party real estate and financial arm of The Postgraduate Center for Mental Health, is listed as the owner behind the applications.

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TSX Broadway’s New Superstructure Nears Halfway Mark at 1568 Broadway in Times Square, Manhattan

8:00 am on November 29, 2021 By Michael Young

Construction is nearing the halfway mark on TSX Broadway, a 46-story hotel at 1568 Broadway in the heart of Times Square. Designed by PBDW Architects, Mancini Duffy, and Perkins Eastman and developed by L&L Holding Company, Maefield Development, and Fortress Investment Group, the 470-foot-tall structure will yield 550,000 square feet at the corner of Seventh Avenue and West 47th Street. The project involved the nearly full demolition of the former DoubleTree Suites by Hilton and the full restoration and 30-foot lifting of Kirchoff & Rose’s 1,700-seat, 108-year-old Palace Theater. Pavarini McGovern is in charge of construction for the property, which will feature ten floors of retail space and is slated to cost around $2.5 billion with a capacity to serve 15 million annual visitors.

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