The Real Deal New York

Posts Tagged ‘blumenfeld development group’

  • A Delta airplane and the Bulova Corporate Center at 75-20 Astoria Boulevard

    A Delta airplane and the Bulova Corporate Center at 75-20 Astoria Boulevard

    Delta Airlines signed a sublease for 30,000 square feet at the Bulova Corporate Center in Queens’ East Elmhurst neighborhood. [more]

  • 145 East 125th Street (credit: Blumenfeld Development Group)

    145 East 125th Street (credit: Blumenfeld Development Group)

    Blumenfeld Development Group unveiled new renderings for its Bjarke Ingels-designed East Harlem rental project. [more]

  • 146 East 126th Street and David Blumenfeld

    146 East 126th Street and David Blumenfeld

    Blumenfeld Development Group secured $77 million in financing from the State Housing Financing Agency and AIG for its 232,000-square-foot mixed-use East Harlem project at 146 East 125th Street.

    The 233-unit building will have 34,444 square feet devoted to commercial use on the first two floors. It’s unclear how many of the rental apartment units will be affordable.  [more]

  • (inset: Edward Blumenfeld)

    The Hunt Point Mall at 925 Hunts Point Avenue (inset: Edward Blumenfeld)

    The Blumenfeld Development Group is now the sole owner of the Hunts Point Mall after buying Prusik Group’s stake in the property for $35.6 million. [more]

  • Queens and Edward Blumenfeld

    99-01 Queens Boulevard in Rego Park and Edward Blumenfeld

    Blumenfeld Development Group picked up an office-and-retail building in Rego Park for $31.2 million.

    Vornado Realty Trust sold 99-01 Queens Boulevard to Blumenfeld for $31.2 million, documents filed with the city’s Department of Finance on Monday show. The two-story building, which spans 57,000 square feet and has 22 commercial units, is currently home to Bank of America, DeVry College and New York Sports Club. [more]

  • jamaica

    A rendering of the proposed store in Jamaica (Credit: George Arzt Communications)

    Blumenfeld Development Group bowed out of the contract to bring a 160,000-square-foot retail store to Jamaica, Queens — which would have been the neighborhood’s first major department store in decades.

    A little less than three years ago, Blumenfeld and the Greater Jamaica Development Corporation announced that they had signed an agreement to turn two parking lots at 168th Street, near 90th Avenue, into a store and a parking garage with 550 spaces. [more]

  • 41 Great Jones Street (Credit: Cushman & Wakefield)

    Renderings of 41 Great Jones Street in Noho (Credit: Cushman & Wakefield)

    The Morris Adjmi design is done. The plans are approved. The next missing piece in the planned condominium conversion of a five-story Noho building? The developer.  [more]

  • Rendering of the East River Plaza in Harlem (credit: TEN Arquitectos) (inset: Bruce Ratner and Edward Blumenfeld)

    Forest City Ratner and Blumenfeld Development Group have already agreed to include 25 percent affordable units in their massive East River Plaza project in Harlem, but whether or not they will opt to use union labor is still in question. [more]

  • From left: East River Plaza residence rendering, Edward Blumenfeld and Bruce Ratner

    From left: East River Plaza residence rendering, Edward Blumenfeld and Bruce Ratner

    East Harlem residents are sounding off in meetings with Blumenfeld Development Group and Forest City Ratner Companies over plans to build residential towers above the East River Plaza mall. [more]

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  • East River Plaza mall

    East River Plaza mall

    Blumenfeld Development Group is planning to add a 1,000-unit residential tower atop the existing East River Plaza mall, a complex that currently houses a Costco, Target, Burlington Coat Factory and discount grocer Aldi. [more]

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  • East River Plaza in East Harlem

    East River Plaza in East Harlem

    A developer based in upstate New York leased 14,500 square feet of retail space at the East River Plaza in East Harlem to Mount Sinai Hospital. [more]

  • Brooklyn-Navy-Yard

    Rendering of Admiral’s Row (Inset: Ed Blumenfeld, CEO of Blumenfeld Development Group)

    About a year after signing a deal to develop Admiral’s Row in the Brooklyn Navy Yard, Long Island real estate firm Blumenfeld Development Group has been removed from the project. [more]

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  • From left: Bjarke Ingels and West57

    From left: Bjarke Ingels and West57

    Blumenfeld Development Group, the firm behind the East River Plaza shopping mall in East Harlem, has tapped Bjarke Ingels’ Copenhagen-based BIG to design a new 200,000-square-foot apartment complex, also in Harlem.

    The building would rise on the parking lot next door to the 120,000-square-foot Gotham Plaza at 125th Street, between Lexington and Third avenues, which is currently an office of the Department of Motor Vehicles. [more]

  • From left: Yvonne Reddick and

    CB12’s Yvonne Reddick and Edward Blumenfeld

    Community leaders in Jamaica are hoping new developments will draw more tourism and restaurant dollars to the area.

    The Blumenfeld Development Group, which built the East River Plaza shopping mall in East Harlem, is planning to build a $50 million, two-story retail project at 90th Avenue and 168th Street, Crain’s reported. [more]

  • From left: Edward Blumenfeld and Admirals Row

    The Syosset, L.I.-based real estate firm Blumenfeld Development Group has signed a memorandum of understanding with the Navy Yard Development Corporation to develop a high-profile, six-acre project north of Downtown Brooklyn, sources familiar with the negotiations said.

    The long-awaited project will include a 74,000-square-foot grocery store, an additional 79,000 square feet of retail, about 127,000 square feet of industrial space and the rehabilitation of two long-neglected historic buildings along Admirals Row. [more]

  • Robin Abrams, executive vice president of Lansco, and East River Plaza

    The 50,000-square-foot space in East River Plaza that Best Buy is vacating would be perfect for first time entrants into Manhattan’s retail sector, according to brokers who spoke with Real Estate Weekly. Best Buy announced this week the Harlem store would be one of 50 nationwide closings, and the only one in New York City. [more]

  • The Real Deal attended the opening ceremony of East River Plaza today on 116th Street (see video
    above), East Harlem’s new big box retail center developed by Forest
    City Ratner Companies and Blumenfeld Development Group. The more than
    500,000-square-foot shopping center, where rents range from around $40
    to $150 per square foot, is home to a Target, Costco, Best Buy, Old
    Navy and other large retailers. The project cost approximately $400
    million, according to a spokesperson for the developers. Bruce Ratner,
    chairman and CEO of Forest City Ratner, said that while he’s excited
    about the plaza opening, he’s still cautious about development in
    general. “We’re finishing all our projects, that’s what’s most
    important now,” Ratner told The Real Deal following the ribbon
    cutting this morning. “In the development business… there’s really
    not [much of a] difference between now and six months ago.”


  • East Harlem’s new big-box retail shopping center, East River Plaza, officially opened today on FDR Drive, according to a press release, with Costco welcoming customers. The 500,000-square-foot center, developed through a partnership between Forest City Ratner Companies and the Blumenfeld Development group, will include a Target, Best Buy, Marshalls, PetSmart and Old Navy. Costco, which occupies a little over a fifth of the plaza’s total space, is the first tenant to open, bringing 400 new jobs to the area. Leasing at the center largely has been considered a success; according to developer Bruce Ratner, 90 percent of the retail space has been leased out. All told, the East River Plaza will create an estimated 2,000 jobs.TRD

  • First tenant in East Harlem mall to open

    October 21, 2009 01:35PM

    On Nov. 12, East River Plaza, the new big-box shopping center on FDR Drive in East Harlem, will see its first store opening. The 110,000-square-foot Costco wholesale warehouse club will be the first of several big name tenants, including Target, Best Buy and Marshall’s, to welcome customers at the new shopping center. Only 30,000 square feet out of an available 485,000 square feet is left unclaimed. The six-acre shopping site, which stretches from 116th to 119th streets, was developed by David Blumenfeld, a principal with the Blumenfeld Development Group.