Rabsky Group recently closed on $450 million in construction financing to complete 625 Fulton Street, a mixed-use high rise building in Downtown Brooklyn. Financing is provided by Madison Realty Capital and was negotiated by Galaxy Capital.
Work is wrapping up on 305 West 48th Street, a 27-story hotel in the Midtown, Manhattan neighborhood of Hell’s Kitchen. Designed by Gene Kaufman Architects and developed by Bright Management with Rockwell Group as the interior designer, 303-foot-tall tower will yield 73,000 square feet, with 211 guest rooms spread across 59,000 square feet. The site is located at the corner of West 48th Street and Eighth Avenue, a short walk from Times Square and the Theater District. Joy Construction is the general contractor for the building.
Foundation work has begun at 1841 Broadway, site of a 24-story residential building on Manhattan’s Upper West Side. Designed by SLCE Architects and developed by Global Holdings Management Group, the 281-foot-tall building will yield 181,319 square feet and 173 units as well as 11,741 square feet of commercial space. Pavarini McGovern, LLC is the general contractor for the project, which will rise at the corner of Broadway and West 60th Street, just north of Columbus Circle and the southwestern corner of Central Park.
Empire State Development, a New York State-funded economic development agency, is now seeking funding from the United States Department of Transportation to complete a new offshore wind staging and assembly port in Staten Island.
The affordable housing lottery has launched for 321 Wythe Avenue, a 19-story mixed-use building in Williamsburg, Brooklyn. Designed by ND Architecture and Design and developed by Watermark Capital Group, the structure yields 134,995 square feet with 130 residences and 5,218 square feet of medical offices. Available on NYC Housing Connect are 39 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $68,538 to $167,570.
