Residential

Street view of 277 Canal Street - Courtesy of Loopnet

First Proposed Housing Development Following Soho/NoHo Rezoning Revealed for 277 Canal Street in Manhattan

United American Land has revealed plans to construct a new mixed-used property at 277 Canal Street, the first project to be announced following passage of a controversial neighborhood rezoning of more than 55 city blocks across Soho and NoHo. Designed by Morris Adjmi Architects, the proposed building will top out at 13 stories and comprise a mix of market-rate rentals, affordable housing units, and retail on the lower levels. The property is located at the convergence of Soho and Chinatown on the northeast corner of Canal Street and Broadway, and currently houses a bank, a gym, and several small-box retail businesses.

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Permits Filed for 158 Martense Street in Flatbush, Brooklyn

Permits have been filed to expand a three-story structure into a four-story residential building at 158 Martense Street in Flatbush, Brooklyn. Located between Rogers Avenue and Bedford Avenue, the interior lot is two blocks from the Church Avenue subway station, serviced by the 2 and 5 trains. Solomon Simkowitz is listed as the owner behind the applications.

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125 Greenwich Street Lands $313 Million to Finish Construction in Manhattan’s Financial District

Fortress Investment Group, Bizzi & Partners, and U.S. Immigration Fund have closed on $313 million in construction financing to complete 125 Greenwich Street, a stalled 88-story residential skyscraper in Manhattan’s Financial District. Designed by Rafael Viñoly Architects, the 912-foot-tall structure is planned to yield 273 condominium units with interiors by March & White and marketing by Douglas Elliman Marketing Development, which is aiming to launch sales this fall. The loan was provided by Northwind Group, a debt fund manager headquartered in New York City. Work will resume with Time Square Construction and Plaza Construction jointly managing contracting duties for the property located at the corner of Greenwich and Thames Streets, just south of the World Trade Center complex and Liberty Park.

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Evening rendering of 1188 President Street

Renderings Reveal Mixed-Use Expansion at 1188 President Street in Crown Heights, Brooklyn

Renderings from BILD NY Architecture are the first to reveal a new residential expansion project at 1188 President Street in Crown Heights, Brooklyn. The existing property, constructed around 1920, stands two stories tall and houses a small ground-floor deli and five rental apartments. The expansion will add a three-story volume above, and several neighboring properties along President Street and Nostrand Avenue.

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Façade Work Continues on BIG’s One High Line at 500 West 18th Street in Chelsea, Manhattan

Façade installation continues on One High Line, a two-tower mixed-use complex at 500 West 18th Street in Chelsea, Manhattan. Designed by Bjarke Ingels Group and developed by Witkoff Group and Access Industries, the 900,000-square-foot project consists of 36- and 26-story towers rising from a shared podium and will yield 236 condominium units, a hotel component, ground-floor retail space, and a public plaza. Witkoff purchased the property, formerly known as The XI, in a foreclosure sale for $900 million and partnered with Access Industries and Monroe Capital to complete the once-stalled development. Suffolk Construction is the new general contractor, Enzo Enea is the landscape architect, and Corcoran Sunshine Marketing Group is handling sales and marketing for the project, which is alternately addressed as 76 Eleventh Avenue and stands adjacent to the High Line on a plot bound by West 18th Street to the north, West 17th Street to the south, Tenth Avenue to the east, and West Street to the west.

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