Category : Construction & Design

Construction & DesignDebt & EquityProperty Managers

Green money growing one dollar at a time

REW
by REW1121
Two Columbia University doctoral students are venturing into the green start-up world with an idea that first took shape over a couple of beers. Earth and environmental engineering post-graduate students Kyle Fricker and Rob van Haaren recently founded Divvy, a crowd-sourcing website that funds solar and clean energy projects. “It's like the Kickstarter platform, but instead of creative projects it’s focused on clean energy projects,ˮ said Fricker. “People can bring ideas to the website to get them funded.ˮ
Construction & DesignRetail

Williams Club set to re-open as hotel

REW Staff
by REW Staff786
The former Williams Club is set to open as a new extended stay hotel. The building at 24 East 39th St between Park and Madison Avenues once  housed the Williams Club, a university club for alumni of Williams College. Bought by Shlomo Bakhash of the Kash Group for $9.02 million...
Construction & Design

Loci makes move into multi-family market

REW Staff
by REW Staff611
Loci Architecture has expanded into the housing market by hiring the former staff of Meltzer Mandl Architects (MMA), including senior project architect David Stuart, announced Loci principal David Briggs. Stuart and the new Loci team are completing several current MMA projects and are supporting Loci’s long-term strategic plan to expand...
Construction & Design

Community board okays Bronx ice center plan

REW Staff
by REW Staff605
The Kingsbridge National Ice Center (KNIC), which will be the world’s largest ice center when complete, last night won approval from the Bronx’s Community Board 7, creating a pathway to full project approval. Board members voted 20-5 in favor of the project and the $1.7 billion it will create for...
Construction & DesignFeaturedGreen Building

Water fence installed to protect beloved carousel from storms

REW Staff
by REW Staff746
One of the lasting images of Sandy’s destruction was of Jane’s Carousel in Brooklyn Bridge Park submerged in floodwater. Last week, David and Jane Walentas were joined by Brooklyn Bridge Park president Regina Myer in installing a state-of-the-art flood protection system, AquaFence, to ensure that the beloved neighborhood gem is safe from future storms. The system consists of 44 marine-grade panels that can be quickly deployed when a storm is approaching.
Construction & DesignDebt & EquityFeaturedResidential

Canyon funds $31M loan for luxury Chetrit project

REW Staff
by REW Staff680
Canyon Capital Realty Advisors LLC (Canyon) has provided a $31.1 million senior loan for the construction of a new mixed-use project at 10 Bond Street in NoHo. The development team, comprised of a joint venture between SK Development, Ironstate Development, and the Chetrit Organization, plans to begin construction on the site immediately, with project completion anticipated by the first quarter of 2015. Designed by Selldorf Architects, the project will consist of 11 luxury residential cooperative units and a retail condominium.
Construction & Design

$20M Bed-Stuy revitalization project officially opens

REW Staff
by REW Staff722
Bedford-Stuyvesant Restoration Corporation (Restoration) last week celebrated the ribbon cutting of a $20 million neighborhood revitalization project along Fulton Street. The improvements, championed by Restoration and financed by a $20 million investment from the City of New York, include the renovation and redesign of Restoration Plaza, mile-long streetscape improvements, and...
Construction & DesignDeals & DealmakersResidential

FiDi to get another world class apartment building

REW Staff
by REW Staff928
Verizon announced that it has reached a $274 million agreement to sell a condominium interest to an affiliate of Magnum Real Estate Group, encompassing 22 floors and one of the five sub-basement levels of its 140 West St. building. Verizon will retain approximately 60 percent of the building — floors...
Construction & Design

Related taps WTC development boss for Hudson Yards position

REW Staff
by REW Staff730
Related Companies announced that Philippe Visser will join Related and the Hudson Yards development team as senior vice resident of development. Philippe will be a part of the executive team on the nearly 28- acre project and be primarily responsible for leading the development of the 80 story, 2.5 million...