Namdar Group, a family-owned developer based in New York City, has closed on a $96 million financing package to complete a new high-rise residential building in Jersey City. The property is located at 26 Van Reipen Avenue and will eventually support a 27-story building with 235 rental apartments and ground-floor retail.
Permits have been filed for a 17-story mixed-use building at 638 West 158th Street in Washington Heights, Manhattan. Located between Riverside Drive East and Riverside Drive West, the lot is two blocks from the 157th Street subway station, serviced by the 1 train. Javier Martinez of Artifact Real Estate Development Company is listed as the owner behind the applications.
Construction is nearing completion on St. Nicholas Greek Orthodox Church in the Financial District. Designed by Santiago Calatrava and developed by The Port Authority of New York and New Jersey, the structure sits atop Liberty Park by the intersection of Greenwich and Liberty Streets, and rests above part of the subterranean ramps for the vehicle security center at the World Trade Center.
Construction is continuing to rise on 255 West 34th Street, a 33-story hotel in Midtown, Manhattan. Designed by Stonehill Taylor Architects and developed by The Chetrit Group, the 397-foot-tall, 155,594-square-foot development will yield 330 hotel rooms. Flintlock Construction Services, LLC is the general contractor for the project, which is located on the southern edge of the Garment District between Seventh and Eighth Avenues, across from One Penn Plaza, Madison Square Garden, and the nearby James A. Farley Building and the new Moynihan Train Hall.
Construction is now complete at Park Avenue Apartments, a mixed-income affordable housing property in Claremont, The Bronx. Located at 3500 Park Avenue, the seven-story building comprises 115 units of affordable housing, including 69 units with supportive services funded through the Empire State Supportive Housing Initiative.
