This week, development partners Kushner Real Estate Group and National Real Estate Advisors celebrated the opening of the second rental skyscraper at Journal Squared. Located at 537 Summit Avenue in Jersey City, the new 68-story tower stands 754 feet tall and comprises 704 residences.
Exterior work is progressing on 212 West 93rd Street, a 14-story condominium building on Manhattan’s Upper West Side. Located between Broadway and Amsterdam Avenues, the 65,000-square-foot project is designed by Eran Chen, head of ODA, and developed by Landsea Homes and Leyton Properties, which acquired the 9,000-square-foot plot from the Shaare Zedek Congregation for $34.3 million. It was last reported that the property will yield 20 units designed by GRADE New York and marketed by The Lindsey Stokes Team, a division of real estate brokerage Compass.
Construction is now topped out at The Henry, a new rental property at 2395 Palisade Avenue in the Spuyten Duyvil neighborhood of The Bronx. The building will eventually comprise 55 apartments, a sub-grade parking lot, a communal lounge, a fitness center, and a shared roof deck with outdoor cooking areas and a landscaped garden.
Construction is nearing completion on 101 West 14th Street, a 13-story residential building on the border of Chelsea and Greenwich Village. Designed by ODA New York and developed by Gemini Rosemont, the property sits at the corner of West 14th Street and Sixth Avenue and will yield 44 condominium units as well as 5,830 square feet of ground-floor retail space for two tenants. Sales have launched for the homes, which are being marketed by Nestseekers International’s Serhant Team and are expected to start at $1.35 million for one-bedroom units.
AvalonBay Communities has partnered with Atria Senior Living and Welltower to complete a $300 million mixed-use community in New Jersey’s West Windsor Township. The community is taking shape near the Princeton Junction Amtrak train station and will comprise mixed-income, age-restricted, and market-rate housing in addition to retail, a public promenade, and a mix of enclosed and surface-level parking.