Residential

1026 Third Avenue Nears Topping Out on Manhattan’s Upper East Side

8:00 am on July 20, 2024 By Michael Young and Matt Pruznick

Construction is nearing topping out on 1026 Third Avenue, a 24-story residential building in the Lenox Hill section of Manhattan’s Upper East Side. Designed by Ismael Leyva Architects and developed by Kahen Properties, which purchased the assemblage of three adjacent properties for $34 million in July 2022, the 273-foot-tall structure will span 100,000 square feet and yield 81 rental units with an average scope of 1,200 square feet, as well as ground-floor retail space, a fitness center, and a top-floor banquet space. Third North Holdings LLC is listed the owner of the property, which is located between East 60th and East 61st Streets.

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Rendering of 959 Sterling Place. Designed by Morris Adjmi Architects

Developers Secure $69 Million Bridge Loan for Mason Gray At 959 Sterling Place In Crown Heights, Brooklyn

7:30 am on July 20, 2024 By Max Gillespie

Invictus Real Estate Partners, a New York-based vertically integrated real estate private equity company, has announced the closing of a $69 million pre-TCO bridge loan for the Mason Gray, a residential property at 959 Sterling Place in Crown Heights, Brooklyn. The loan will support the completion of minor construction work on the seven-story building, allowing leasing to begin. Walker & Dunlop’s Mike Diaz and Aaron Appel arranged the financing for the project, which was developed by Hope Street Capital.

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262 Fifth Avenue’s Façade Continues to Ascend in NoMad, Manhattan

8:00 am on July 19, 2024 By Michael Young and Matt Pruznick

Façade installation by PG New York incorporating windows, aluminum panels, and solar photovoltaic panels, is picking up on 262 Fifth Avenue, a 56-story residential skyscraper in the heart of NoMad, Manhattan. Designed by Meganom with SLCE Architects as the executive architect and developed by Boris Kuzinez of Five Points Development under the Five Points 262 Project LLC, the 860-foot-tall structure will yield 26 condominium units with an average scope of 3,200 square feet, including at least one quadruplex unit. The project stands on a 5,000-square-foot plot at the southwest corner of Fifth Avenue and West 29th Street.

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Vertical Progress Imminent For Two-Tower Complex At 80 Clarkson Street in West Village, Manhattan

8:00 am on July 18, 2024 By Michael Young and Matt Pruznick

Construction is about to go vertical at 80 Clarkson Street, an upcoming 29- and 36-story residential complex along the Hudson River waterfront in Manhattan’s West Village. Designed by COOKFOX Architects with SLCE Architects as the architect of record and developed by Zeckendorf Development, Atlas Capital Group, and The Baupost Group, the 400- and 450-foot tall buildings will yield around 650,000 square feet of space with 100 condominium units, nearly 37,000 square feet of ground-floor retail space, and enclosed parking for 69 vehicles. ACI VI Clarkson LLC is the owner and Suffolk Construction is the general contractor of the 1.3-acre, $1.25 billion development, which is bound by Clarkson Street to the north, West Houston Street to the south, West Street to the west, and a shorter and separate 19-story structure at 570 Washington Street rising on the same city block along Washington Street to the east. The sales team for 80 Clarkson Street will be led by Dan Tubb and Amy Williamson.

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