Camber Property Group has completed a $105 million acquisition of three Project Based Section 8 affordable housing complexes formerly owned by Omni New York. The three properties include Grace Towers, a 168-unit building in East New York, Brooklyn; Target V Apartments in the Morris Heights section of The Bronx; and Madson Apartments in East Harlem.
Permits have been filed for a 12-story mixed-use residential building at 130 East 177th Street in Mount Hope, The Bronx. Located between Morris Avenue and Grand Concourse, the interior lot is two blocks south from the Tremont Avenue subway station, serviced by the B and D trains. FHMC Inc, a third party real estate and financial arm of The Postgraduate Center for Mental Health, is listed as the owner behind the applications.
Construction is rising on the Warren Street Hotel, an 11-story hotel building at 86 Warren Street in Tribeca. Designed by Stonehill & Taylor Architects and developed by Solil Management, the 135-foot-tall structure will yield 44,000 square feet with 70 guest rooms operated by Firmdale Hotels, a restaurant, a drawing room, an orangery, a bar, and a private event space. Pavarini McGovern, LLC is the general contractor, Kit Kemp is the interior designer, and Paul Taylor under the Warren Street Hotel LLC is the owner behind the previously filed permit applications for the project, which is located between Greenwich Street and West Broadway.
Orlando Development this week revealed 62 Mason Street, a new boutique condominium property in Greenwich, Connecticut. Following meticulous restoration and remodeling, the property now comprises seven residences, each with private outdoor space, 11-foot ceiling spans, and oversized windows to maximize the flow of natural light. With each purchase, owners will also receive two dedicated parking spaces and private storage.
SCALE Lending has provided K2 Real Estate Partners with a $68.5 million construction loan to complete a mixed-use residential building in Prospect Lefferts Gardens, Brooklyn. The project site is located at 210 Clarkson Avenue and will eventually support an eight-story property designed by Hill West Architects with 165 rental apartments and a ground-floor grocery store.
