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Rendering of Monmouth Square, courtesy of Kushner

Kushner Secures $415 Million In Financing For Monmouth Square Redevelopment In Eatontown, New Jersey

7:30 am on September 4, 2024 By Max Gillespie

Kushner has secured $415 million in construction financing for Monmouth Square, a mixed-use redevelopment of Monmouth Mall in Eatontown, New Jersey. The financing package includes a $303 million residential loan from Fortress Investment Group and a $112.5 million retail loan from Rithm Capital Corp, managed by GreenBarn Investment Group.

Rendering of 255 East 39th Street, via Brause Realty

255 East 39th Street Tops Out In Murray Hill, Manhattan

7:00 am on September 1, 2024 By Max Gillespie

Construction has topped out on 255 East 39th Street, a 20-story residential building in Murray Hill, Manhattan. Designed by CetraRuddy and developed by Brause Realty in collaboration with Lonicera Partners and AECOM Tishman, the structure will yield 157 units with 48 designated for affordable housing. The property is located at the northwest corner of East 39th Street and Second Avenue.

Affordable Housing Lottery Launches For 420 Carroll In Gowanus, Brooklyn

7:30 am on August 30, 2024 By Max Gillespie

The Domain Companies, in partnership with VOREA Group, Silverstein Properties, and Cantor Fitzgerald, L.P., has launched an affordable housing lottery for 90 homes at 420 Carroll in Gowanus, Brooklyn. The affordable homes, which are reserved for families earning between 40 and 100 percent of the area median income, represent 25 percent of the total 360 apartments in the development. The project was designed by FXCollaborative.

Merrick Academy Breaks Ground on New School Building at 134-11 221st Street in Laurelton, Queens

7:30 am on August 29, 2024 By Max Gillespie

Construction has begun on a new four-story school building at 134-11 221st Street in Laurelton, Queens. The 60,000-square-foot structure will support the Merrick Academy Charter School’s growing K-8 program and is planned to accommodate 1,000 students.

Vuori Opens New Storefront At 120 Fifth Avenue In Union Square, Manhattan

7:30 am on August 28, 2024 By Max Gillespie

Global performance apparel retailer Vuori has opened its third Manhattan store at 120 Fifth Avenue in Union Square on Friday. The brand is occupying a retail space that spans 4,500 square feet on the ground floor of the building.

Rendering of AVE Hamilton Green, via Thompson & Bender

Developers Celebrate Topping Out of AVE Hamilton Green at 200 Hamilton Avenue In White Plains

7:00 am on August 27, 2024 By Max Gillespie

Local officials joined senior executives from the Cappelli Organization, RXR, and Korman Communities to celebrate the topping out of AVE Hamilton Green at 200 Hamilton Avenue in White Plains. The $650 million project involves the repurposing of the former White Plains Mall into a mixed-use residential development. The topping out ceremony was highlighted by the unfurling of a large American flag from the two-tower project.

Photograph from 'City of Yes' affordable housing announcement, via nyc.gov

Mayor Adams Issues Executive Order To Review City-Owned Land For Potential Housing Development

7:00 am on August 26, 2024 By Max Gillespie

New York City Mayor Eric Adams has announced the issuance of executive order 43, which requires city agencies to review their city-owned and controlled land for potential housing development sites. The executive order, which builds off the goals of the “City of Yes for Housing Opportunity” proposal, aims to support the Adams administration’s goal of building 500,000 new homes by 2032 to address the city’s affordable housing shortage.

Rendering of Birch House, courtesy of Halpern Real Estate Ventures

New Renderings Revealed For The Birch House At 49 Fisk Street In Jersey City, New Jersey

7:30 am on August 24, 2024 By Max Gillespie

New renderings have been revealed for Birch House, a new rental development located at 49 Fisk Street in Jersey City, New Jersey. The new renderings are being released in tandem with the completion of the project’s amenities, and comes amid a surge in summer lease activity at the property. The property is being developed by Halpern Real Estate Ventures.

Rendering of the Daymark Condominiums, courtesy of Cahn PR

The Daymark Condominiums Progresses at 1 Palisades Boulevard In Sleepy Hollow

7:30 am on August 23, 2024 By Max Gillespie

The Daymark, a new waterfront condominium project at 1 Palisades Boulevard in Sleepy Hollow, has made progress toward construction completion. The property is being developed by Biddle Real Estate Ventures and PCD Development and has secured ten new contracts over the summer.

Rendering of proposed + POOL in the East River, via pluspool.com

Plans Revealed To Open Floating + Pool At Pier 35 on the Lower East Side of Manhattan

7:30 am on August 14, 2024 By Max Gillespie

New York City Mayor Eric Adams and New York Governor Kathy Hochul recently announced plans to bring a + POOL, a filtered floating pool, to a section of the East River near Manhattan’s Lower East Side. The pool, which will be located off of Pier 35’s dock, is part of a broader effort to expand swimming access across the city.

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