Retail

Renderings Reveal Four-Tower ‘Iberia’ Master Plan in Newark, New Jersey

8:00 am on March 16, 2025 By Michael Young

New renderings have been revealed for Iberia, a four-tower residential complex that was recently approved for 450-466 Market Street and 31-39 Jefferson Street in the Ironbound neighborhood of Newark, New Jersey. Designed by MHS Architecture, the $803 million development will rise between 26 and 30 stories tall and yield 1,402 rental units, with 283 designated for low-income housing. The complex will also contain more than 100,000 square feet of residential amenities. The property is bound by Market Street and Raymond Boulevard to the northeast, Congress Street to the northwest, Jefferson Street to the southeast, and Ferry Street to the southwest.

171 Montrose Avenue Rises Above Street Level in Williamsburg, Brooklyn

7:30 am on March 16, 2025 By Michael Young

Construction is rising on 171 Montrose Avenue, a four-story residential building in Williamsburg, Brooklyn. Younes Abouyaala of AA Building & Inspection Services is listed as the engineer of record for the mixed-use project, which will stand 69 feet tall and yield nine rental units with an average scope of 833 square feet. The project will also include a 35-foot-long rear yard, a community facility in the cellar level, and ground-floor retail space. One of the units will be a penthouse. The property is located on an interior lot between Humboldt Street to the east and Avenue of Puerto Rico to the west.

The Slope on Fifth Tops Out At 445 5th Avenue in Park Slope, Brooklyn

8:00 am on March 14, 2025 By Michael Young and Matt Pruznick

Construction has topped out on The Slope on Fifth, a six-story mixed-use building at 445 5th Avenue in Park Slope, Brooklyn. Designed by Tahir Demircioglu Architect and developed by RJ Capital Holdings, the 74-foot-tall structure will span 53,099 square feet and yield 30 condominium units with an average scope of 991 square feet. The building will also contain 23,359 square feet of commercial space, 24 enclosed parking spaces, and storage for 25 bicycles. The property is located at the corner of 5th Avenue and 9th Street.

Rendering of 1498-1538 Coney Island Avenue

1508 Coney Island Avenue Wraps Up Construction in Midwood, Brooklyn

8:00 am on March 12, 2025 By Michael Young and Matt Pruznick

Exterior work is finishing up on 1508 Coney Island Avenue, a ten-story commercial building in Midwood, Brooklyn. Designed by SHoP Architects and developed by Baruch Singer, the 215,379-square-foot structure will yield approximately 112,000 square feet of Class A office space on floors two through ten and 51,000 square feet of retail space on the first three stories. The building will also feature an enclosed garage with a Unitronics Automated Parking System. The property is located on a 33,976-square-foot parcel at the corner of Coney Island Avenue and Avenue L.

989 Sixth Avenue Skyscraper Reaches Halfway Mark in Midtown, Manhattan

8:00 am on March 11, 2025 By Michael Young and Matt Pruznick

Construction has quickly reached the halfway mark on 989 Sixth Avenue, a 68-story mixed-use skyscraper in the Garment District of Midtown, Manhattan. Designed by C3D Architecture and developed by Sioni Group, the 785-foot-tall structure will span 384,118 square feet and yield 300 condominium units with an average scope of 991 square feet. The building will also contain 86,817 square feet of commercial space and two cellar levels. The property is alternately addressed as 100 West 37th Street and located at the intersection of Sixth Avenue and West 37th Street.

Loden Wraps Up Construction at 54 Crown Street, 131 Montgomery Street in Crown Heights, Brooklyn

8:00 am on March 10, 2025 By Michael Young and Matt Pruznick

Construction is wrapping up on Loden, a 17-story two-tower residential complex at 54 Crown Street and 131 Montgomery Street in Crown Heights, Brooklyn. Designed by Hill West Architects and developed by Carmel Partners, the project yields 569 rental units in studio- to two-bedroom layouts with 143 reserved for affordable housing. The property also contains 7,500 square feet of ground-floor retail space, a 1,500-square-foot community facility, and 182 enclosed parking spaces. The development is bound by Crown Street to the north, Montgomery Street to the south, and Franklin Avenue to the east.

Hermès Flagship Store Nears Completion at 111 North 6th Street in Williamsburg, Brooklyn

8:00 am on March 9, 2025 By Michael Young

Construction is nearing completion on 111 North 6th Street, a two-story retail building in Williamsburg, Brooklyn. Designed by Building Studio Architects and developed by investment firm L3 Capital, the 8,500-square-foot structure will house the first Brooklyn location for French brand Hermès. The property is located at the corner of North 6th Street and Berry Street.

1730 Bedford Avenue Nears Completion in Crown Heights, Brooklyn

8:00 am on March 7, 2025 By Michael Young and Matt Pruznick

Construction is nearing completion on 1730 Bedford Avenue, a seven-story mixed-use complex in Crown Heights, Brooklyn. Designed by Rise Architecture for the 1730 Bedford Realty LLC, the structure will yield 57 rental units with an average scope of 684 square feet, including 18 apartments reserved for affordable housing. The building will also contain a 33,000-square-foot Lidl grocery store, 12,000 square feet of office space, a 13,501-square-foot community facility, parking for 169 vehicles, and a loading berth. The property is bound by Sullivan Place to the north, Empire Boulevard to the south, and Bedford Avenue to the east.

444 Graham Avenue Wraps Up Construction in Williamsburg, Brooklyn

7:30 am on March 2, 2025 By Michael Young

Construction is finishing up on 444 Graham Avenue, a seven-story residential building in Williamsburg, Brooklyn. Developed by Marino Marble & Tiles, the 41,711-square-foot structure yields 57 rental units and 4,560 square feet of ground-floor retail space. The property is located on a 4,570-square-foot interior lot between Richardson Street to the north and Frost Street to the south, and was formerly occupied by a two-story warehouse operated by the developer.

Renovation Work Continues on Morgan Stanley HQ at 1585 Broadway in Times Square, Manhattan

8:00 am on February 26, 2025 By Michael Young and Matt Pruznick

Renovation work is progressing on 1585 Broadway, a 42-story office skyscraper in Times Square, Manhattan. Designed by Gensler, the project involves the re-cladding of the 685-foot-tall structure’s podium and refurbishments to the tower’s 1.3 million square feet of office space. The building was completed in 1990 and serves as Morgan Stanley’s global headquarters. The property is located between West 47th and 48th Streets.

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