NYC real estate in brief

Aug.August 05, 2009 01:55 PM

100 Park received LEED Silver certification

SL Green Realty has announced that 100 Park Avenue received silver LEED certification following a $72 million capital program which included a new cooling plant, increased electric capacity, and a state-of-the-art security system. The building, which was built in 1950, is one of a few existing buildings to receive LEED silver certification. It is also the first of its kind to install 14 green roofs, which employ a low-maintenance/water consumption mat system.

Staten Island to get new affordable senior development

Staten Island is going to get a new affordable senior citizen development, officials announced. Sea View North Senior Living Campus community is being co-developed by Leewood-Sea View and the Met Council in the Willowbrook section of Staten Island, elected city officials and the developers announced today. It will consist of 345 affordable units for moderate- and middle-income senior citizens. Phase one of construction will include a 170-unit building, a community building for social activities, and a rehabilitation of the landmarked directors residence building. The cost of phase one is $65 million with the city providing $45 million in financing.

Quantum Properties loses reinstatement as developer at Kips Bay Tempo condo

Midtown-based developer Quantum Properties lost its attempt to be
reinstated as developer of the luxury Kips Bay condominium Tempo,
according to a court ruling issued yesterday. Quantum Partners was
from the project at 300 East 23rd Street by co-developer Menolly Group, an Irish home
builder, July 15. Quantum Partners sued July 24 for a
preliminary injunction barring its dismissal, but that request was
rejected by New York State Supreme Court Justice Bernard Fried, the
ruling said.

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