Namdar Group, a family-owned developer based in New York City, has closed on a $96 million financing package to complete a new high-rise residential building in Jersey City. The property is located at 26 Van Reipen Avenue and will eventually support a 27-story building with 235 rental apartments and ground-floor retail.
Permits have been filed for a 17-story mixed-use building at 638 West 158th Street in Washington Heights, Manhattan. Located between Riverside Drive East and Riverside Drive West, the lot is two blocks from the 157th Street subway station, serviced by the 1 train. Javier Martinez of Artifact Real Estate Development Company is listed as the owner behind the applications.
Construction is now complete at Park Avenue Apartments, a mixed-income affordable housing property in Claremont, The Bronx. Located at 3500 Park Avenue, the seven-story building comprises 115 units of affordable housing, including 69 units with supportive services funded through the Empire State Supportive Housing Initiative.
Permits have been filed for a 17-story mixed-use building with affordable housing at 320 West Fordham Road in University Heights, The Bronx. Located on the Harlem River waterfront near the Major Deegan Expressway, the lot is within walking distance of the 207th Street subway station, serviced by the 1 train and the University Heights Metro-North station on the Hudson Line. Brad Zackson of Dynamic Star LLC is listed as the owner behind the applications for one phase of the Fordham Landing mega-development.
Construction is close to completion on No. 33 Park Row, aka Pearl on the Park, a 23-story residential building in the Civic Center section of the Financial District. Designed by Pritzker Prize-winning architect Sir Richard Rogers and Graham Stirk of Rogers Stirk Harbour + Partners and developed by Centurion Real Estate Partners and Urban Muse, the 331-foot-tall reinforced concrete structure spans 95,000 square feet with 30 units. These homes range from one- to five-bedroom condominiums and penthouses with many featuring private outdoor space. No. 33 Park Row stands on a corner plot along Park Row, which served as a historic location for some of New York City’s first skyscrapers such as the New York Tribune Building and the World Building. Consigli Construction Co., Inc. is the general contractor and Compass Development Marketing Group is the exclusive marketing and sales agent for the property, with sales underway.
