Manufacturing

Rendering of 28-90 Review Avenue - Courtesy of Innovo Property Group; KSS Architects

JLL Arranges $354M Total Capitalization for Industrial Project at 28-90 Review Avenue in Long Island City, Queens

7:30 am on July 21, 2023 By Sebastian Morris

Innovo Property Group, represented by JLL Capital Markets, has secured $354 million in financing to complete a new industrial development at 28-90 Review Avenue in Long Island City, Queens. Total capitalization includes multiple financial packages for acquisition, construction, and development costs provided by Axos Bank, Cerberus Capital Management, and Goldman Sachs Asset Management’s Urban Investment Group.

Rendering of new buildings at the Princeton West Innovation Campus @ Hopewill in New Jersey

Developers Reveal Plans to Expand Biotech and Manufacturing Space at Princeton West Innovation Campus

7:30 am on July 6, 2023 By Sebastian Morris

Lincoln Equities Group and H.I.G. Realty have announced plans to construct three new specialty manufacturing and biotech buildings at the Princeton West Innovation Campus in Hopewell, New Jersey. The commercial campus is located at 311 Pennington Rocky Hill and currently has 915,000 square feet of leasable space, plus an additional 35 acres of undeveloped land.

Evening rendering of 466 Flushing Avenue - Fischer+Makooi Architects; KFA

Renderings Reveal Nine-Story Mixed-Use Building at 466 Flushing Avenue in Brooklyn

7:30 am on June 29, 2023 By Sebastian Morris

Renderings from Fischer + Makooi Architects offer a first look at 466 Flushing Avenue, a nine-story mixed-use development taking shape on the border of South Williamsburg and Bedford-Stuyvesant, Brooklyn. Led by Brooklyn-based real estate company The W Group, the building will comprise a mix of community facilities, manufacturing space, and commercial area, with a total yield of 90,000 square feet.

Renderings Revealed for Warehouse Development at 1 Market Street at Elmwood Park, New Jersey

7:30 am on May 24, 2023 By Sebastian Morris

Crow Holdings Development has released a trio of renderings for a new warehouse and logistics center in Elmwood Park, New Jersey. Located at 1 Market Street in Bergen County, the building will take shape at the corner of a 12-acre property formerly owned and occupied by the Marcal Paper factory.

Evening view of Magellan Aerospace New York's Queens headquarters at 97-11 50th Ave in Corona

New York’s Regional Economic Development Council Awards $24M to Local Infrastructure and Manufacturing Projects

7:00 am on May 23, 2023 By Sebastian Morris

New York’s Regional Development Council has awarded $24 million to high-priority infrastructure and manufacturing projects across the state. Two of the 28 projects awarded are located in Queens and Long Island and represent roughly $895,000 of core capital grant and tax-credit funding from Empire State Development.

Rockefeller Group Reveals Industrial Warehouse Project at 10 Constitution Avenue in Piscataway, New Jersey

7:30 am on May 12, 2023 By Sebastian Morris

The Rockefeller Group has revealed a new 147,000-square-foot warehouse and distribution center at 10 Constitution Avenue in Piscataway, New Jersey. The 18-acre site is currently occupied by a 100,000-square-foot office building that will soon be razed to make way for the new property.

Permits Filed for 40-25 Crescent Street in Long Island City, Queens

6:30 am on April 22, 2023 By Vanessa Londono

Permits have been filed for an eight-story mixed-use building at 40-25 Crescent Street in Long Island City, Queens. Located between 40th and 41st Avenues, the lot is two blocks north of the Queensboro Plaza subway station, serviced by the 7, N, and W trains. Michael Hardy of Crescent Street Associates is listed as the owner behind the applications.

Renovation Continues for Mount Sinai Surgical Innovation Center at 432 West 58th Street in Hell’s Kitchen, Manhattan

7:30 am on February 28, 2023 By Michael Young

Construction is progressing on the Mount Sinai Comprehensive Center For Surgical Innovation (CCSI), an 11-story building at 432 West 58th Street in Hell’s Kitchen. The project involves the renovation and modernization of the 52-year-old, 172,000-square-foot structure, which the hospital purchased back from the Italian school La’Scuola d’Italia for $75.1 million in 2018 three years after parting with it for $55 million. Lendlease is the general contractor for the project, which is being carried out with the help of an $11.6 million grant from the New York City Economic Development Corporation (NYCEDC). The property is located between Ninth and Tenth Avenues, directly across 58th Street from the hospital’s main campus.

Permits Filed for 796 Dean Street in Crown Heights, Brooklyn

6:30 am on February 25, 2023 By Vanessa Londono

Permits have been filed to expand a one-story structure into a four-story mixed-use building at 796 Dean Street in Crown Heights, Brooklyn. Located between Washington Avenue and Grand Avenue, the lot is near the Clinton-Washington Avenues subway station, serviced by the C train. David Manesh under the 73 Avenue LLC is listed as the owner behind the applications.

Aerial rendering of the Bronx Logistics Center - Turnbridge Equities; ARCO Design/Build Industrial

1.2-Million-Square-Foot Bronx Logistics Center Tops Out in Hunt’s Point, The Bronx

7:30 am on December 22, 2022 By Sebastian Morris

Construction has topped out on Bronx Logistics Center (BLC), a five-story industrial building in the Hunts Point section of The Bronx. Designed by ARCO Design/Build Industrial and developed by Turnbridge Equities, the structure will span 1.2 million square feet, including 585,000 square feet of Class A warehouse space, a five-story garage for truck fleet parking, and 1,500 surface-level parking spaces. The development is progressing on a 14.2-acre plot along East 149th Street near the East River.

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