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Articles in the Construction & Design Category

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[18 Dec 2014 | No Comment | ]
Brausers land $62M to build new Fulton Street  apartment tower

HFF has arranged $61.75 million in financing for the development of Exhibit, a luxury residential tower comprised of 120 residential rental units and 6,800 s/f of retail space located at 60 Fulton Street in Lower Manhattan.

HFF worked on behalf of Gerald Brauser and Steven Brauser of The Parkland Group, LLC to secure a 33-year construction-perm loan through Pacific Life Insurance Company.

Construction & Design »

[17 Dec 2014 | No Comment | ]

McGowan was awarded a $25 million construction project to renovate the existing 90,000 s/f school and add 20,000 s/f of expansion space for the Nightingale-Bamford School, a K-12 preparatory school.
McGowan is serving as the general contractor for the project to modernize the existing building and add the additional square footage from two four-story townhouses adjacent to the main school building located on Manhattan’s Upper East Side at 20 East 92nd Street.
The project is scheduled to be completed in early 2016. McGowan will renovate 88,600 s/f of space within the main …

Construction & Design »

[17 Dec 2014 | No Comment | ]

Voters approved the Plainview-Old Bethpage Central School District’s $49.8 million construction bond issue for infrastructure improvements and renovations.
The district serves grades K through 12 with an enrollment of 5,200 students. Named “Building Futures Together,” the construction program will encompass seven schools and two other buildings owned by the district.
Construction work will be performed in four phases, which will prevent interruptions to educational activities.
BBS Architects, Landscape Architects and Engineers is serving as architect; interior designer; mechanical, electrical, and plumbing (MEP) engineer; civil engineer; and site and athletic field designer for the …

Construction & Design »

[17 Dec 2014 | No Comment | ]

Leading New York builders discussed development in the outer boroughs during Margolin, Winer & Evens’ Let’s Talk Brooklyn, Long Island, and Queens Real Estate event.
The panel featured Jeffrey E. Levine, chairman of Douglaston Development; Doug Partrick, owner of Heatherwood Communities; Gregg Rechler, managing partner of Rechler Equity Partners as speakers and was moderated by Kim Velsey, of the New York Observer.
According to Rechler, Long Island is seeing many new rental properties being built, which employers on the island are clamoring for.
“The biggest issue for commercial tenants on Long Island is …

Construction & Design »

[17 Dec 2014 | One Comment | ]

Mayor Bill de Blasio joined local officials and community leaders to break ground on a new 298-unit, 100 percent affordable building at Pacific Park Brooklyn.
The building, 535 Carlton Avenue, is being developed by Greenland Forest City Partners and is the second affordable housing project built at Pacific Park Brooklyn, formerly known as Atlantic Yards. A third building, also 100 percent affordable and negotiated by the de Blasio administration will break ground in 2015.
The groundbreaking reflects a commitment Greenland Forest City Partners made with Governor Cuomo, Mayor de Blasio and local …

Construction & Design »

[17 Dec 2014 | No Comment | ]

A new study into the economic impact of transit investment is a “wake-up call” to lawmakers dragging their heels on funding.
James T. Callahan, general president, International Union of Operating Engineers, said the study by IHS Inc. shows that two-thirds of the economic benefits and jobs created by federal highway and transit investment occur in non-construction sectors.
And for every dollar invested through the federal Highway Trust Fund (HTF) in state highway, bridge and public transit infrastructure programs returns 74 cents in tax revenue.
“The evidence is clear; the condition of our roads, …

Construction & Design, Deals & Dealmakers, Green Building, Property Managers »

[10 Dec 2014 | No Comment | ]

East River Fund Co, LLC, a partnership of JEMB Family LP, a privately-held real estate and energy investment firm, and Harbert Power Fund V, have increased their investment in Astoria Project Partners, the legal entity that owns and operates the Astoria I natural gas power plant in Queens, NY.
Together with EIF Astoria, LLC, a subsidiary of MyPower Corp., wholly owned by Mitsui & Co., Ltd., the JEMB/Harbert partnership has acquired the 21 percent minority interest in Astoria Project Partners from SNC-Lavalin, Inc. Additional terms of the deal were not disclosed.
JEMB Family, …

Construction & Design, Featured »

[10 Dec 2014 | No Comment | ]
New chapter in library building could spell success for de Blasio

At a the Conference to Rethink & Re-imagine NYC’s Branch Libraries last week, city officials including HPD commissioner Vicki Been and developers such as David Kramer, principle of Hudson Companies, said the enhancement of public libraries could play a key role in helping Mayor de Blasio reach his aggressive affordable housing goals

Construction & Design »

[10 Dec 2014 | No Comment | ]

RKTB Architects, P.C. announced that East Clarke Place Court, their affordable housing project the South Bronx, is now 100 percent occupied.
The $25 million NYC Housing Preservation and Development sponsored project, developed by YTM Ltd, is an example of public/private sector collaboration to develop one of the last vacant city-owned lots in the Grand Concourse corridor.
The two-tower complex shares a new outdoor courtyard and is one of the earliest projects to meet the criteria of the Enterprise Green Communities program that creates cost-effective, sustainable architecture for low-income families.
The project combines two …

Construction & Design »

[10 Dec 2014 | No Comment | ]

New York City Department of Housing Preservation and Development (HPD) Commissioner Vicki Been announced that HPD is issuing its Minority and Women Owned Business Enterprises (M/WBE) Request for Qualifications (RFQ).
The M/WBE RFQ is part of Building Opportunity, HPD’s multi-pronged initiative aimed at increasing opportunities for M/WBEs to compete to participate in HPD-supported development projects.
Though this RFQ, HPD will evaluate and compile a roster of pre-qualified M/WBE developers with the necessary experience and capacity to develop, maintain, and manage high-quality affordable housing.
“Our goal is to leverage the dollars we spend to …

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