A rendering of 250 North 10th Street
LCOR has secured a $50 million construction loan from German bank Helaba to develop a 234-unit rental building in Williamsburg, according to Crain’s. As previously reported, LCOR purchased the vacant site, located at 250 North 10th Street between Roebling and Union avenues in Williamsburg, last year. Construction is slated to begin immediately, with leases anticipated to begin in the fall of 2013. [more]
From left: Ziel Feldman, managing principal of HFZ Capital, and 303 East 51st Street
Los Angeles-based CIM Group closed its majority stake in a high-rise residential tower and retail development site in Midtown, according to a statement from the developer yesterday.
The site, at 303 East 51st Street, will be co-developed by CIM Group and Ziel Feldman’s HFZ Capital and construction will begin later this year, the statement said. [more]
For three and a half years, the structure at 303 East 51st Street has remained a stunted
skeleton, halted at 18 stories after the infamous March 2008 crane collapse that killed
seven people and crushed an adjacent building.
But that may change soon.
Ziel Feldman, founder of HFZ Capital Group, which closed on the purchase of the site
early this year, said through a spokesperson that he would have “significant progress to
announce” later this week, and the firm plans to restart construction at the site, on 51st
Street between First and Second avenues, this spring.
The expeditor on the project, Laurence Gillman, an associate at Jerome S. Gillman
Consulting Architect, said that the Department of Buildings had completed its zoning
examination of the plan and was reviewing architectural and other drawings as part of a
building code review. [more]
Reade57From the April issue: In a city defined by soaring skyscrapers, a 20-story condominium is hardly considered a towering giant. But in Tribeca, a neighborhood marked by low-rise buildings and sprawling lofts, the New Modernist, glass-construction Reade57, a high-rise with smaller-scale apartments, will stand apart as a residential alternative in the area. At least that’s what its developers, the John Buck Company, are hoping. The Chicago-based firm, the builders behind the swanky Standard Hotel in the Meatpacking District, plans to launch sales at the 84-unit condo in the middle of next month, with Brown Harris Stevens Select serving as the exclusive marketing agent. [more]
The Laureate, at 2150 Broadway, opened for sales this week, according to its developer, the Stahl Organization, and Brown Harris Stevens Select, the exclusive marketing team headed by executive vice president Shlomi Reuveni. The 20-story, 70-unit condominium is already 23 percent sold, with 16 residences purchased and several more units in contract. The building — on the corner of 76th Street and Broadway — was designed by SLCE Architects and Deborah Berke & Partners Architects. The Laureate consists mainly of three- to seven-bedroom units, ranging from 1,700 square feet to over 4,000 square feet. TRD [more]
The leasing office at Monaco — Jersey City’s latest new residential tower and the tallest rental building in New Jersey — is slated to open in February, development team Roseland Property, Garden State Development and Hartz Mountain Industries has announced. The 523-unit, 50-story project consists of two towers designed by SLCE Architects, which are scheduled for completion in early spring, when they’ll eclipse the LeFrak Organization’s nearby Towers of America complex as the tallest rentals in the state. TRD [more]
Since 9/11, I have been mistaken rather regularly for a terrorist. These misunderstandings — and I assure you they are misunderstandings — occur not in airports, but on the streets of Manhattan. There I am, standing in front of some dull and innocuous building, taking video footage of it in order to aid my memory so that I can write articles like this one. More often than not, some concerned citizen starts observing my actions with a greater than ordinary interest. People are still uneasy seeing someone videotape, or even look, at any building above street level, because maybe the person — in this case, me — is casing the joint in order to bomb it at some later date. Who could blame them, when the building in question could have no other possible attraction to anyone with a recording device? And it is true enough that all too many new developments in Manhattan live up — really down — to that cynical appraisal. more
255 East 74th Street
