Despite the anticipated slowdown of commercial real estate, Brooklyn Navy Yard Development Corporation, or BDNYC, is reporting more than 160,000 square feet of new commercial leases within the former industrial complex. This figure does not include an additional 81,000 square feet of lease renewals and an unspecified inventory in their 2021 pipeline.
Last week, the New York City Council approved a Flushing waterfront development set to cost $2 billion. The massive mixed-use project, which includes housing, commercial retail and office space, and hotel lodging, is being developed by a joint partnership between United Construction & Development Group, F&T Group, and Young Nian Group. The master plan, designed by Hill West Architects, will develop 29 acres of land bound by Flushing Creek, Northern Boulevard, College Point Boulevard, and Roosevelt Avenue, as well as upgrade the neighborhood’s public waterfront access.
JNY Capital and United Housing Company are working in collaboration on The Oasis, the country’s largest-ever Passive House office building at 38-42 12th Street, near the northern boundary of Long Island City. From Brooklyn-based design studio Archimæra, the building’s Passive House standard construction will incorporate extremely efficient mechanical and electrical systems, a low-emissivity glazing system that reduces energy costs related to interior temperature management, solar panels, and LED light fixtures, as well as an efficient building envelope and modern ventilation systems that work in tandem to improve indoor air quality.
Newmark has revealed a new collection of architectural renderings that illustrate the next phase of upgrades to The Paramount Building at 1501 Broadway in Times Square. In collaboration with Rosemark Management, Levin Management, and interior architects MKDA, the upgrades include Class A office suites ranging in size from 1,000 square feet up to 45,000 square feet, new corridors, and sweeping views of the New York City skyline.
New initiative preliminary design renderings from S. Wieder Architect reveal an expansion of the Chabad Lubavitch World Headquarters in Crown Heights, Brooklyn. Located at 770 Eastern Parkway in Crown Heights, Brooklyn, the religious complex spans almost one acre and will include a synagogue, prayer spaces, ritual baths, classrooms, a new library, and several outdoor areas. This is a draft design, that has not been approved by the Chabad organizations, owners of the property.
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