Category : Construction & Design

CONSTRUCTION BRIEFS:Harry Gross wins Development of Year; PB lands airport contract

REW Staff February 13, 2014 February 13, 2014

by REW StaffFebruary 13, 2014February 13, 20143028

● G. HOLDINGS Gross collects ‘double decker’ award Veteran real estate developer Harry Gross, president and chief executive of G. Holdings, a Manhattan-based real estate development firm, has received the 2013 “Development of the Year” award from the Americas Lodging Investment Summit (ALIS) for the tallest hotel-only building in the...

Construction & Design

Francis Cauffman tapped to design new BAM health center

REW Staff February 13, 2014 February 13, 2014

by REW StaffFebruary 13, 2014February 13, 2014675

The New York Hotel Trades Council & Hotel Association of New York City, Health Center, Inc. (HCI) has chosen architecture firm Francis Cauffman to design a 180,000- s/f, 12-story mixed-use building that will house its new Brooklyn Health Center in the Cultural District. The facility will be the latest in...

Construction & Design

GNYCUC recognizes International Gem Tower

REW Staff February 13, 2014 February 13, 2014

by REW StaffFebruary 13, 2014February 13, 20141007

The Greater New York Construction User Council (GNYCUC) hosted its annual New Year’s party at Extell Development Company’s International Gem Tower (IGT). During the event, the GNYCUC, which supports the practical needs of real estate owners and users of construction services, honored IGT and the development team behind the state-of-the-art...

Construction & Design Deals & Dealmakers Featured

Developers play cards right on casino deal

REW Staff February 13, 2014 February 13, 2014

by REW StaffFebruary 13, 2014February 13, 2014984

Muss Development has struck a deal that paves the way for the company to develop a new Catskills resort casino in partnership with Foxwoods. Muss and partner Foxwoods Resort Casino together with developer Louis R. Cappelli announced that they have come to a share and lease agreement on a portion of the former Grossinger’s hotel property in Liberty, New York. The agreement will allow Foxwoods and Muss to develop and build a their “destination resort casino” that would share an entrance with Sullivan Resorts’ development of homes, entertainment and hotel rooms on the original Grossinger’s property.

Construction & Design

PHOTOS: Construction council hosts New Year’s party

REW Staff February 13, 2014 February 13, 2014

by REW StaffFebruary 13, 2014February 13, 2014

Greater New York Construction User Council’s New Year’s Party Greater New York Construction User Council’s New Year’s Party The Greater New York Construction User Council … Continued

Construction & Design Featured

Billionaire investor planning Wall Street office tower spa

REW Staff February 11, 2014 February 11, 2014

by REW StaffFebruary 11, 2014February 11, 20141028

Wall Street isn’t exactly known as a relaxing environment, but that may change soon. Billionaire investor Alex Rovt said he plans to open a spa in his office tower 14 Wall Street. Designed by architect Kenneth Kim, of Concept Design Group, it will span two floors and 14,000 s/f in the building’s basement. Rovt said he expects the spa to open in a year.

Construction & Design Featured Residential

Apartment builders in $2B Brooklyn land rush

REW Staff February 11, 2014 February 11, 2014

by REW StaffFebruary 11, 2014February 11, 20141052

Apartment builders bought nearly $2 billion worth of Brooklyn land last year in a rush to meet demand for apartments in the borough. According to the commercial brokerage Ariel Property Advisors, development site sales in Brooklyn increased 21 percent year-over-year to 301; the number of properties traded rose 35 percent to 520, and the dollar volume of those trades jumped 45 percent to $1.8 billion. The firm’s Daniel Tropp, “Bushwick and Bedford-Stuyvesant, for example, saw prices for some development sites more than double the 2012 average price per buildable square foot.”

Construction & Design Debt & Equity Residential

Harlem rental from HAP

REW Staff February 11, 2014 February 11, 2014

by REW StaffFebruary 11, 2014February 11, 2014672

HAP Investments LLC, a New York based international real estate investment and development company, is in contract to buy 247-249 East 117th Street. The seller is PGC New York 1 LLC. 247-249 East 117th Street is located on the north side of East 117th Street, between 2nd and 3rd Avenues...

Construction & Design Residential

Gale blows into Flatiron with luxurious new tower

REW Staff February 11, 2014 February 11, 2014

by REW StaffFebruary 11, 2014February 11, 2014996

Development firm Gale International is diving into the New York City luxury condo market with 21W20, a boutique condo building in Flatiron that, among other features, will boast 100-foot wide homes. The ground-up development on West 20th Street between 5th and 6th Avenues will have just 12 units, including three penthouses and nine “tower” units. “We’ve had quite a bit of interest,” said Stan Gale, Jr. of the project. “Almost to the point we were turning people away.”

Construction & Design

WHO’S NEWS: CetraRuddy names new partner; Steve Chen’s role changes

REW Staff February 6, 2014 February 6, 2014

by REW StaffFebruary 6, 2014February 6, 20141230

Woods Bagot Architects announced that Eric Spencerhas joined the New York office as development director. Spencer has experience developing commercial, mixed-use, higher education and cultural projects in the United States and China, most recently serving as a development lead at Ennead Architects and director of business development for RMJM. Prior...