Construction has broken ground on Livana Colts Neck, a new residential community at 7 Route 537 in Colts Neck, New Jersey. Designed by Minno & Wasko Architects and Planners and developed by Kushner, the property will yield 360 rental units across 15 buildings, along with a resident clubhouse.
Lionheart Strategic Management LLC, an affiliate of Fisher Brothers, has provided a $27.6 million loan for the construction of 644 East 14th Street, a 24-story residential building in the Alphabet City section of the East Village of Manhattan. The loan comes in addition to a $102 million senior loan that was provided by Apollo Global Management.
The New York City Housing Development Corporation, The New York City Department of Housing Preservation and Development, and Douglaston Development have announced the closing of construction financing for 2868 Webster Avenue, a 12-story, 277-unit affordable housing building in Bedford Park, The Bronx. The 250,000-square-foot project is the second phase of a two-phase affordable development following 2850 Webster Avenue, a 188-unit senior housing structure that opened in fall 2023.
