Normandy Real Estate Partners and Princeton Holdings LLC have acquired the 160,000 square-foot low-rise industrial property at 333 Johnson Avenue in East Williamsburg for $26.75 million. The complex will be converted into a mixed-use commercial complex, featuring offices and retail. DNAinfo also reports the inclusion of a 40,000 square feet of outdoor space, and completion is expected in early 2016.
On Tuesday. the Landmarks Preservation Commission voted to designate the former Bank of Manhattan Company Building at 29-27 Queens Plaza North, in Long Island City, as an individual landmark, preserving it for generations to come. The developer of what is expected to be the borough’s tallest building (and the new tallest building outside Manhattan), which will be next door, already plans to work with the landmark structure.
The Hudson Yards project has taken decades to get off the ground, but construction is well underway on the site’s first few buildings, with the superstructure for 10 Hudson Yards already making an impact on the skyline. While the Eastern railyards will be impressive in their own right, the Western railyards are a bit further down the development pipeline, but Related has created a new set of conceptual towers that illustrate their potential, posted in an update to the Hudson Yards website.
The 29-story, 470,500 square-foot office building dubbed 7 Bryant Park at 1045 6th Avenue, in Midtown, is wrapping up construction, per The Wall Street Journal. Exterior cladding is complete, and interior modeling is underway to accommodate the building’s owner, The Bank of China Ltd., which paid nearly $600 million for the Pei Cobb Freed & Partners-designed building in 2014. Construction began in 2013, and Hines and Pacolet Milliken Enterprises served as the tower’s developers.
Excavation is imminent at 67 Whippany Road — in Hanover, NJ, west of Newark — for the construction of a five-story, 185,000 square-foot office building that will house the headquarters of MetLife Investments, reports Real Estate Weekly. Rubenstein Partners and Vision Real Estate Partners are developing, and they are also planning additional mixed-use buildings to built-out the 94-acre campus.
