Debevoise Senior Housing, a 100 percent affordable housing property for senior residents, opened this week in Williamsburg, Brooklyn. The new property is located at 40 Debevoise Street and was developed in partnership by The Arker Companies, New York City’s Department of Housing Preservation and Development (HPD), and the Jewish Association Serving the Aging (JASA).
Construction is continuing to rise on Disney’s 1.2 million-square-foot headquarters at 137 Varick Street in Hudson Square. Alternately addressed as Four Hudson Square, the 22-story, 338-foot-tall steel-framed structure is designed by Skidmore, Owings & Merrill and is being developed by Silverstein Properties. The media giant purchased the full-block parcel from Trinity Church Real Estate for a total of $650 million and Skanska demolished four old structures that occupied the site last summer. Lendlease is constructing the new headquarters, which is bound by Varick Street to the east, Spring Street to the south, Hudson Street to the west, and Vandam Street to the north.
A new 24-story commercial tower at 141 Willoughby Street in Downtown Brooklyn has officially topped out. From developer Savanna Real Estate, the new property comprises 400,000 square feet with a mix of Class A office space and retail on the lower floors.
Work is wrapping up on One Wall Street, the largest office-to-residential conversion project in New York City’s history. Developed by Macklowe Properties, the 90-year-old, 564-foot-tall Art Deco building is undergoing a 21st century restoration and overhaul that will yield 566 new residential units, a 44,000-square-foot Whole Foods Market, and a four-floor 75,000-square-foot Life Time fitness center on the lower levels of the Financial District property. At the top of the mid-century annex is a multi-story addition that was designed by SLCE Architects. Compass Development Marketing Group is handling sales and marketing for the homes with the help of a sales gallery located within the Red Room on the ground floor. One Wall Street is bound by Broadway and Trinity Church to the west, Wall Street to the north, Exchange Place to the south, and New Street to the east. JT Magen is the general contractor for the complex project.
Construction is nearing completion on 7 Dey Street, a 34-story mixed-use tower in the Financial District. Formerly known as 185 Broadway, the 404-foot-tall structure is designed by FXCollaborative and developed by SL Green Realty and will yield 260,000 square feet and 209 rental units ranging from studios to three-bedroom layouts. Douglas Elliman Development Marketing is handling marketing and sales, and INC Architecture & Design is in charge of the interiors, which will come with three floors of amenities. Pavarini McGovern is the general contractor for the project, located at the corner of Broadway and Dey Street. The development was made possible thanks to un-utilized air rights SL Green purchased from the Metropolitan Transportation Authority (MTA).
