Category : Construction & Design

Construction & DesignDeals & Dealmakers

SCA leases space for new Pre-K school

REW
by REW810
Kalmon Dolgin Affiliates, Inc. (KDA) has arranged a 12,400 s/f, long-term lease for the School Construction Authority (SCA), a builder and modernizer of public schools throughout New York, at 132-10 Jamaica Avenue in the Richmond Hill section of Queens, NY. KDA was named the exclusive leasing agent for the property...
Construction & DesignResidential

Cantilevering condo building coming to Chelsea

REW
by REW798
Chelsea is about to welcome one more architectural oddity, as B+B Capital announced plans for a cantilevering condo tower at 251 West 14th Street. The top three floors of the 11-story tower will lean over a neighboring townhouse, enabling the developers to squeeze more square-footage out of the narrow site. Designed...
Construction & Design

With clock ticking, Breitling builders get store open in time for Christmas

REW
by REW1078
Some of the city’s top brokers, developers and bankers got an inside look at how some of the New York’s largest retail deals get done when it comes to building-out space for top-tier clients. Argento Construction executives told guests what went into the gut demolition and build-out of the 4,800...
Construction & DesignDeals & DealmakersRetail

Stirring up interest in coffee conversion

REW
by REW854
The developers behind the Empire Stores redevelopment in DUMBO released new renderings of the 450,000 s/f project. The waterfront complex is being adaptively restored by development firm Midtown Equities, in partnership with Rockwood Capital and HK Organization. Along with new renderings of the building’s interiors, exteriors, rooftop and public spaces,...
$48M deal to build animal ARK at JFK Airport
Construction & DesignPhoto Gallery

$48M deal to build animal ARK at JFK Airport

REW
by REW1417
ARK Development, LLC, an affiliate of leading real estate company Racebrook Capital, announced today it has signed a 30-year lease with the Port Authority of New York and New Jersey to develop, finance, construct, operate and manage The ARK at JFK, a $48-million, 178,000 s/f  state-of-the-art animal handling and intelligent...
Melissa Burch exits FCR for Lend Lease
Construction & Design

Melissa Burch exits FCR for Lend Lease

REW
by REW1142
Lend Lease, one of the world’s largest property and infrastructure providers, announced the appointment of Melissa Burch as executive general manager, New York, for the Americas Development business. Burch will lead and grow the firm’s development business in the New York market, pursue and identify development opportunities and large-scale urban...
Mitchell Lama building saved in gentrifying Harlem neighborhood
Construction & DesignDebt & Equity

Mitchell Lama building saved in gentrifying Harlem neighborhood

REW
by REW1258
A non-profit owner and its development consultant have secured financing to keep a Harlem Mitchell Lama building affordable for the next 30 years. HOPE Community, with assistance from Carthage Real Estate Advisors, recently closed on the recapitalization of Canaan House, a 147-unit Mitchell Lama property. The $40 million transaction could...
Construction & DesignDebt & EquityFeatured

Brausers land $62M to build new Fulton Street apartment tower

REW Staff
by REW Staff1445
HFF has arranged $61.75 million in financing for the development of Exhibit, a luxury residential tower comprised of 120 residential rental units and 6,800 s/f of retail space located at 60 Fulton Street in Lower Manhattan. HFF worked on behalf of Gerald Brauser and Steven Brauser of The Parkland Group, LLC to secure a 33-year construction-perm loan through Pacific Life Insurance Company.
Construction & Design

McGowan lands $25M school renovation project

REW
by REW670
McGowan was awarded a $25 million construction project to renovate the existing 90,000 s/f school and add 20,000 s/f of expansion space for the Nightingale-Bamford School, a K-12 preparatory school. McGowan is serving as the general contractor for the project to modernize the existing building and add the additional square...
Construction & Design

Developers upbeat on outer borough prospects

REW
by REW655
Leading New York builders discussed development in the outer boroughs during Margolin, Winer & Evens’ Let’s Talk Brooklyn, Long Island, and Queens Real Estate event. The panel featured Jeffrey E. Levine, chairman of Douglaston Development; Doug Partrick, owner of Heatherwood Communities; Gregg Rechler, managing partner of Rechler Equity Partners as...