Last week, private equity real estate fund manager Red Stone Equity Partners celebrated the closing of financing for Balton Commons, a $19-million mixed-use development currently under construction at 267 West 126th Street in Harlem, Manhattan. Developed in partnership with Lemor Development Group and Apex Building Group, the seven-story building will have 4,500 square feet of tech incubator space managed by non-profit Silicon Harlem, 1,200 square feet of ground-floor commercial space, 1,350 square feet of community facility space, and 37 residential units dedicated to mixed-income affordable housing for residents between 30 and 90 percent of the area median income.
Exterior work is complete and closings are underway for Jersey City‘s 99 Hudson Street, the tallest skyscraper in the state of New Jersey and number 11 on our annual construction countdown. Designed by Perkins Eastman and developed by COA 99 Hudson, LLC, the 79-story, 900-foot-tall residential tower contains 781 condominium units. The site is bound by Hudson Street to the east, Grand Street to the south, Greene Street to the west, and York Street to the north.
DCP Architecture has won preliminary approvals from the Landmarks Preservation Commission (LPC) to construct a new rooftop volume atop a historic three-story townhouse in Greenwich Village. Located at 224 West 10th Street, the project will not move forward until the design team modifies the proposed volume to further reduce visibility of the rooftop volume from West 10th Street and Christopher Street.
The final exterior touches are underway on The Prime, a 120,000-square-foot mixed-use project at 22-43 Jackson Avenue in Long Island City, Queens. Designed by SRA Architecture + Engineering and developed by Circle F, the 11-story building will yield 71 residences with interior design by Andres Escobar of Lemay + Escobar Architecture. Sales and marketing for the units is being handled by Ryan Serhant of The Serhant Team and Bravo’s Million Dollar Listing: New York. The complex is located at the confluence of 46th Avenue, Jackson Avenue, and 23rd Street.
The Landmarks Preservation Commission has issued a certificate of appropriateness for a rooftop addition, façade renovation, and cellar excavation at 238 East 15th Street in Gramercy, Manhattan. As part of the excavation, the building will include a 39-foot swimming pool and lounge areas that open out into a manicured rear yard.