Category : Construction & Design

Construction & Design

$100M High Line apartment property on drawing board

REW Staff
by REW Staff747
The Bauhouse Group, a New York City-based real estate development and investment firm, today announced a completed Manhattan assemblage at 515 West 29th Street, the only property in Manhattan framed on two sides by the High Line park. “The special location of 515 West 29th is a great Manhattan trophy...
Construction & DesignDeals & Dealmakers

TF Cornerstone executive to chair Hudson Yards BID

REW Staff
by REW Staff1865
The Hudson Yards / Hell’s Kitchen Business Improvement District (HYHK BID) announced that it has taken a significant step toward becoming fully operational by establishing an Interim Board of Directors. The 29-member Interim Board has elected Kevin P. Singleton, Executive Vice President of TF Cornerstone as Chairman, and both Oskar...
HAP gets in on Jersey City redevelopment action
Construction & DesignDeals & DealmakersFeaturedResidential

HAP gets in on Jersey City redevelopment action

REW Staff
by REW Staff1350
The transformation of Jersey City's Journal Square took another step forward today (Wednesday) when HAP Investments LLC announced it is in contract to buy a nearly one-acre site at 500 Summit Avenue where it will build a high rise apartment building, offices and retail. “We are excited to have purchased this strategic site in Jersey City and look forward to building a future development that will provide new rental housing for local residents as well as others in the Metropolitan area, in addition to adding needed office and community facilities to this thriving urban location,” said Eran Polack, CEO, HAP Investments
Construction & DesignDebt & EquityResidential

$42M loan for new Flatiron condo

REW Staff
by REW Staff906
Carlton Group chairman Howard L. Michaels announced the closing of a $42 million construction loan and joint venture equity investment for a new condominium project in the Flatiron District. The financing of the property, located at 21 West 20th Street, will enable developer, Gale International, to build a 37,000 s/f...
Construction & DesignDebt & Equity

HKS borrower sees growth opportunity

REW Staff
by REW Staff1135
HKS Capital Partners has negotiated a $24.6 million dollar ground-up construction loan for a three story multi-residential complex featuring 165 units. The proposed 132,348 s/f development site — to be called Barnbeck Place Apartments — is located in Brookfield, Connecticut, next to a health facility, medical offices and other amenities....
Construction & Design

City planning okays Cornerstone’s jumbo apartment plan

REW Staff
by REW Staff808
The city Planning Commissions has okayed TF Cornerstone’s plan to build the biggest apartment building in Manhattan. The developer wants to build 950,000 s/f of residential space with 1,189 units of housing, 20 percent of which will be permanently affordable to low-income New Yorkers when tho project is built. Several...
Construction & Design

City planning okays Cornerstone’s jumbo apartment plan

REW Staff
by REW Staff808
The city Planning Commissions has okayed TF Cornerstone’s plan to build the biggest apartment building in Manhattan. The developer wants to build 950,000 s/f of residential space with 1,189 units of housing, 20 percent of which will be permanently affordable to low-income New Yorkers when tho project is built. Several...
Construction & DesignPhoto Gallery

Contractors, celebrities raise cash for kids

REW Staff
by REW Staff869
[imagebrowser id=263] Hollywood, television, sports, news, and fashion celebrities joined over 1,000 Long Island and Greater New York area real estate, finance, construction, and architecture professionals to raise funds for Contractors For Kids (CFK), the largest building industry-supported, children-focused charity in the Northeast. CFK Co-founder Kevin G. Harney of Stalco...
Construction & DesignDebt & EquityResidential

Savanna secures $22M for 141 Willoughby buy

REW Staff
by REW Staff1034
Pembrook Capital Management LLC just closed a $21.8 million bridge loan to fund the acquisition by Savanna Partners of a Downtown Brooklyn development site near the Barclays Center. Savanna purchased the site at 141 Willoughby Street immediately adjacent to the two million-square-foot, $1 billion multi-phased mixed-use development known as City...