Proposals to redevelop and expand the historic Neumann Lathers Industrial Warehouse at 300 Observer Highway in Hoboken, New Jersey, are again under review by local officials. Initial plans to redevelop the property into a mixed-use commercial hub date back to 2015, but have failed to gain approval from the city and support from community leaders.
L+M Development Partners, Bluestone Organization, and Triangle Equities have closed on $44.66 million in financing to complete a major infrastructure improvement project in Arverne, Queens, a small coastal neighborhood on the Rockaway Peninsula. The financing will cover the reconstruction of Edgemere Avenue between Beach 32nd and Beach 38th Streets, critical infrastructure improvements to the surrounding neighborhood, and the completion of Arverne East, a 1,650-unit master-planned community.
The Fountains, a 1,163-units affordable housing complex in East New York, Brooklyn is now 100 percent leased. Developed by The Arker Companies, the complex spans 35 acres and includes six buildings located at 11629 Seaview Avenue, 911 Erskine Street, 10 Schroeder’s Walk, 702 Vandalia Avenue, 881 Erskine Street, and 894 Fountain Avenue.
New renderings from smart-building technology development company View, Inc. are the first to reveal an updated design for Sherman Plaza, a mixed-use tower at 4560 Broadway in Inwood, Manhattan. Designed by Handel Architects for developer Arden Group, the 20-story building will comprise 222 rental apartments set atop a four-story podium with retail space and a community facility.
Demolition is progressing at 201-207 Seventh Avenue, the site of a nine-story residential building in Chelsea, Manhattan. Designed by Amie Gross Architects and developed by New York City’s Department of Housing Preservation and Development, the 85-foot-tall structure will span 30,859 square feet and yield 26 affordable co-op units in studio to three-bedroom layouts, as well as 1,828 square feet of retail space divided among three tenants. Star Companies is the general contractor for the property, which is alternately addressed as 170 West 22nd Street and located at the southeast corner of Seventh Avenue and West 22nd Street.
