Construction

  • Forest City partners with JEMB on Brooklyn office tower

    Forest City Ratner is joining forces with Manhattan-based developer JEMB Realty Corp. to build a 500,000-square-foot office tower at 420 Albee Square. It could be the first ground-up office development in Brooklyn since MetroTech opened in the 1980s. JEMB, led by Morris Bailey, bought the development site on Willoughby Street in 2014

  • Big developer looks to enhance housing project in Queens by building on park’s edge

    A now-defunct bill sought to give Vornado Realty Trust control of city parkland in Rego Park, Queens, and allow the firm to build an apartment building closer to an adjacent green space than would otherwise be allowed. The legislation, introduced by Queens Democrats Toby Ann Stavisky in the state Senate

  • Museum of Natural History expands plans for $325M makeover

    The American Museum of Natural History upped its $325 million expansion plans, and now wants to grow 8 percent bigger than initially proposed. On Thursday, the museum filed plans to build the so-called Richard Gilder Center for Science, Education and Innovation with the Landmarks Preservation Commission. Plans for the expansion

  • Manhattan DA doubles down on construction safety

    As violent crime retreats from Manhattan, District Attorney Cyrus Vance Jr. is shifting his focus towards construction safety. “My goal is to play whatever part we can in having a vibrant, safe construction industry, because that’s good for New York,” he told the Commercial Observer. Earlier this year, Vance’s office

  • City council subcommittee greenlights MIH project in the Bronx

    A month after local officials defeated what was designed to be a trailblazing private development in Inwood, Mayor Bill de Blasio’s administration can claim a major affordable housing victory in the Bronx. The city council’s planning subcommittee on Wednesday approved the Mandatory Inclusionary Housing program at La Central, a 992-unit

  • Developer pitches alternative so it does not have to include affordable-housing units at Chelsea project

    The developer of a project in Chelsea floated a compromise at a City Council hearing Wednesday that would exclude its mixed-use development from complying with a de Blasio administration policy passed last year. Instead, Acuity Capital Partners has offered to provide money to build affordable housing in other parts of

  • Hogan Lovells shuns Hudson Yards, nears deal at transformed 390 Madison: report

    After scoping out space in Hudson Yards last year, Hogan Lovells appears to be ready to pull the trigger on a new office on the other side of town. The Washington, D.C.-based law firm is considering a lease for more than 200,000 square feet at 390 Madison Avenue, according to

  • Neighbors are sick of construction into the (Wee)Work hours

    WeWork made a name for itself selling the idea of happy communal workspaces, but it doesn’t sound like the startup has made friends with many of its neighbors in Gramercy. The co-working company, which has had a challenging summer on a few fronts, is building out eight floors at 33 Irving

  • 60 Guilders, Carlyle nab AG approval for Garment District office condo conversion

    Kevin Chisholm’s 60 Guilders and the Carlyle Group can now start selling office condominium units at their $207 million conversion of a Garment District building they bought a year ago. The state Attorney General’s office has approved the firms’ offering plan to sell 21 units at the 11-story building at

  • New warehouses for Hunts Point food market

    The city and the privately operated Hunts Point produce market have resumed talks over new warehouses. The city Economic Development Corp. is negotiating with the wholesale fruit and vegetable market about constructing new buildings that would be completed in phases to accommodate the growing market, according to the New York

  • Trinity Place Holdings plans 90 condo units for FiDi tower

    Former Forest City Ratner executive Matthew Messinger’s Trinity Place Holdings plans to bring 90 apartments to its Financial District condominium tower at 77 Greenwich Street, where prices will reportedly be in the range of $2,000 to $3,000 per square foot. Messinger’s firm filed a permit application for the long-planned tower,

  • Real estate tycoons’ Top 7 fall projects

    With Labor Day behind us, school’s in for the city’s real estate power players. Here’s our selective guide to the Lucky-7 big deals on their agendas. 1) EAST MIDTOWN REZONING. A comprehensive, complex proposal to allow larger and taller towers in Manhattan’s historic commercial heart was finally set in motion

  • Arker plans two more apartment buildings in East New York

    The developer behind the Nehemian Spring Creek complex in deep Brooklyn filed plans to build another two apartment buildings in East New York. Arker Companies plans to build a nine-story, mixed-use building at 911 Erskine Street and a six-story apartment building at 11629 Seaview Avenue across the street from the

  • In Chelsea: Gas Station to Boutique Condo

    As the area around the High Line park continues its transformation from industrial hub to upscale housing district, a gas station is giving way to a boutique condominium. The six-unit, 11-story Getty, at West 24th Street and 10th Avenue, is rising on a site that for years contained, naturally, a

  • 1M-SF Mixed-Use Project With African Burial Ground Memorial, Envisioned for Harlem

    The New York City Economic Development Corporation hopes for a 1.1-million-square-foot mixed-use project to replace a full-block East Harlem site that was home to a bus depot, the city agency announced in The City Record last week. Plans for the city-owned site at 2460 Second Avenue, which have been bandied

  • Rabsky expands plans at former Pfizer site

    Rabsky Group is moving forward his plan to develop two full blocks in Williamsburg into more than 1,000 apartments. The Williamsburg-based development firm led by Simon Dushinsky and Isaac Rabinowitz filed paperwork indicating it plans to build more than 1 million square feet of apartments at the Broadway Triangle site

  • Hudson Companies, ABS plan Bushwick office conversion

    The Hudson Companies, in partnership with ABS Partners Real Estate, filed plans to convert a Bushwick warehouse into office and retail, according to a permit application filed with the city’s Department of Buildings. The firms are expected to close this week on the acquisition of the three-story, roughly 80,000-square-foot property

  • How ODA builds outside the box

    When Eliot Spitzer presented his Williamsburg waterfront project to fast-rising architect Eran Chen in September 2014, the timeline and budget allowed for little more than two boxy rental towers. Spitzer wanted to meet the deadline to qualify for 421a — the now-expired tax abatement program for new apartment building construction.

  • L&L Holding isn’t taking a chance on Midtown East rezoning

    While the long-awaited Midtown East rezoning plan would allow buildings up to 30 percent taller, one developer ain’t waiting. L&L Holding Co. found workarounds to the city’s 1961 zoning allows, allowing them to redevelop 390 Madison and 425 Park avenues with or without the rezoning. Instead, David Levinson and Robert Lapidus’ firm

  • Moskovits, Rubenstein land $197M construction loan

    Toby Moskovits’ Heritage Equity Partners and Philadelphia-based Rubenstein Partners have secured enough financing to start building their massive office project in North Williamsburg. Wells Fargo Bank and Natixis Real Estate Capital LLC have provided a $197 million construction loan to begin work on 25 Kent Avenue, the Wall Street Journal

  • LeFrak plans 260-unit mixed-use development in LA

    LeFrak CEO Richard LeFrak and the site at 6436 West Hollywood Boulevard New York developer Richard LeFrak is expanding his footprint in Los Angeles with a new mixed-use project in Hollywood. LeFrak has submitted plans for a 278,892-square-foot mixed-use complex with 260 residential units and 17,800 square feet of commercial space, according to

  • From Hudson Yards to Governors Island: Mayor taps Related exec to head island overhaul

    Related Companies’ Michael Samuelian may soon tack another major mixed-use development onto his résumé. Mayor Bill de Blasio has tapped Samuelian as CEO and president of the Trust for Governors Island, the organization that is guiding the island’s planned overhaul. In the role, Samuelian, who has spearheaded Related’s massive Hudson Yards

  • Ray Yadidi’s Sioni plans 15-story Garment District office building

    From left: Rendering of 44 West 37th Street (credit: Newman Design), Ray Yadidi and the former building on the site Ray Yadidi, a frequent partner of Isaac Chetrit, is planning a 15-story office building on a vacant Garment District site, sources told The Real Deal. Yadidi’s Garment District-based investment firm

  • Dark times for SolarCity could leave New York out in the cold

    New York government officials are gambling Buffalo’s long-hoped-for economic recovery on SolarCity, the nation’s largest rooftop solar panel installation company whose chairman is tech guru and Tesla Motors co-founder Elon Musk. The state of New York has provided $750 million in cash and tax breaks to build a solar panel

  • City Planning moves forward with application for 1,000-foot-tall residential tower

    The Department of City Planning is moving forward with an application to build a new 1,000-foot tall residential tower in the fast-growing neighborhood between the Brooklyn and Manhattan bridges. JDS Development Group is arranging a deal to build the spire, which will rise on top of a pair of stilts