278 Eighth Avenue Finishes Up Construction in Chelsea, Manhattan

Construction is finishing up on 278 Eighth Avenue, a 14-story mixed-use residential building in ChelseaManhattan. Designed by FXCollaborative and developed by Alchemy-ABR Investment Partners and Chelsea 23rd Realty Corporation, an LLC affiliated with JJ Operating, the 175-foot-tall structure will yield 132,700 square feet with 190 rental apartments and multiple levels of retail space. Square Mile Capital and Pacific Western Bank provided $183 million in construction financing for the project, which is being constructed by Leeding Builders Group between West 23rd and West 24th Streets.

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Superstructure Rising At 71 Prince Street in Downtown Brooklyn

YIMBY spotted construction at 71 Prince Street, a 31-story residential complex in Downtown Brooklyn. Designed by Aufgang Architects and developed by Maddd Equities, the project is expected to yield 436,600 square feet with 465 rental units, 4,000 square feet of retail space, and 40 to 50 enclosed parking spots. Brooklyn Red Sauce LLC is listed as the owner and Joy Construction Corp. is the general contractor for the property, which is alternatively addressed as 202 Tillary Street and is located on 19,500-square-foot L-shaped parcel with two frontages lining Prince and Hillary Streets that once held a 115,000-square-foot American Self Storage facility. Construction is expected to cost $132 million.

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Demolition Imminent At 33 4th Street in Carroll Gardens, Brooklyn 

Demolition is about to get underway at 33 4th Street, which will be home to a new seven-story residential building in Carroll Gardens, Brooklyn. Designed by IMC Architecture and developed by Shimon Hoffman under the GH Management LLC, the upcoming structure will stand 72 feet tall, yield 55,694 square feet designated for residential space with 82 rental units averaging 679 square feet apiece, and a 32-foot-long rear yard. Alba Services Inc. is the general contractor for the property, which is located on an interior rectangular plot between Smith and Hoyt Streets.

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