Of all the developments currently under construction in New York City, none have been in the making for longer than Essex Crossing, which is rising on the site of several long-vacant lots on the Lower East Side. With the master-plan’s first new buildings just about fully complete, YIMBY sat down with Charles Bendit of Taconic, and asked the co-CEO ten questions about the New York City real estate market.
Permits have been filed for a ten-story residential building at 3187 Grand Concourse in Norwood, The Bronx. Four blocks away is the Mosholu Parkway Subway Station, serviced by the 4 train. Five blocks away is the Bedford Park Boulevard Station, serviced by the B and D trains. Owner Nicolas Benhamou will be responsible for the project.
Today, YIMBY has the first close-up of 90 Morton Street’s ongoing transformation, in the West Village. The building is five blocks away from the Houston Street Subway Station, and six blocks from the West 4th Street Subway Station, putting it near most every subway line, or more exactly, the A, B, C, D, E, F, M, and 1 trains. Brack Capital Real Estate is behind the condominium conversion and expansion of the original pre-war structure, and Reuveni Real Estate will be handling sales, according to a new teaser website.
A twelve-story condominium building has received funding for its imminent rise at 70 Schermerhorn Street, in Brooklyn Heights, Brooklyn. The announcement comes from JLL’s Capital Markets, who raised $42.1 million in joint-venture equity from a $512 million fund managed by The Davis Companies. The capital will be allocated for construction financing. Lonicera Partners and Orange Management are behind the project, and the news comes also comes with a rendering.
Permits have been filed for a six-story mixed-use structure at 522 Grand Street, in Williamsburg, Brooklyn. The site is four blocks away from the Metropolitan Avenue Subway Station, serviced by the G and L trains. The site changed hands in July of 2016, for $3.1 million. An anonymous LLC is behind the applications.
