Residential

Demolition for 27-Story Pace University Tower Complete at 15 Beekman Street in Financial District

Demolition is now complete at 15 Beekman Street, the site of a 27-story academic center and dormitory for Pace University in the Financial District. Designed by Manish Chadha of Ismael Leyva Architects and developed by SL Green Realty, the 338-foot-tall structure will be addressed as 126-132 Nassau Street and yield 213,084 square feet of classrooms, dorms, a dining facility, a library, and a learning center. The building will also have a cellar, sub-cellar, and a 20-foot-long rear yard.

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Rendering of 1325 Jerome Avenue (formerly 1331 Jerome Avenue) - GF55 Partners; The Doe Fund

New York State Announces $35 Million in Construction Financing to Facilitate Supportive Housing Developments

The State of New York has announced a sixth round of funding for the Empire State Supportive Housing Initiative, an ambitious plan to create or preserve over 100,000 affordable and at least 6,000 supportive housing units. For this round, the state will release $35 million in financing aimed at creating at least 1,400 supportive housing units.

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No. 33 Park Row Wraps Up Construction in Financial District, Manhattan

Exterior work is coming to a close 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 structure spans 95,000 square feet with 30 units, which range from one- to five-bedroom units and penthouses. The building stands on a corner plot on Park Row, the historic locale of New York City’s first skyscrapers such as the New York Tribune Building and the World Building. Compass Development Marketing Group is the exclusive marketing and sales agent for the property, with sales already underway.

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Construction Imminent on 33 Franklin Street in Greenpoint, Brooklyn

Construction is expected to begin soon on a seven-story mixed-use residential and commercial development at 33 Franklin Street in Greenpoint, Brooklyn. The 21,000-square-foot-lot has street frontage along Calyer Street, Quay Street, and Franklin Street and is also addressed as 82 Calyer Street. Yidel Hirsch is listed as the owner under the Franklin 33 LLC, and StudiosC is the filing architect as well as responsible for all exterior and interior design.

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