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[22 Aug 2014 | No Comment | ]

“A dozen brokers have told me that this is the most forward-thinking office interior on Long Island,” said Frederic Strauss, Principal at TPG Architecture.
He is referring to a recently completed project in Melville: 44,000 s/f of workspace for the trade association the American Institute of Physics.
As scientists and administrative professionals, AIP at first glance does not seem like a risk-taking, pioneering group.
It is a trade organization whose membership is made up of physicists from all over the world, and in that central role AIP is also the publisher of 24 …

Construction & Design »

[22 Aug 2014 | No Comment | ]

The Beverly Willis Architecture Foundation is looking for amazing women.
The organization received grants from the New York Building Foundation and the New York Council for the Humanities to identify 100 outstanding structures and built environments, either contemporary or historic, designed and/or constructed by women in New York City.
Nominees must have been directly responsible for leading the design (architecture, engineering, or landscape) or construction, of a structure or built environment.
Projects must be completed or have broken ground and located in New York City.
The jurors for BxW NYC include Deborah Berke, FAIA, …

Construction & Design »

[22 Aug 2014 | No Comment | ]

The New York Landmarks Conservancy has announced 22 Sacred Sites Grants totaling over $300,000 awarded to historic religious properties throughout New York State, including three Robert W. Wilson Sacred Sites Challenge Grants in Manhattan.
$25,000 was awarded to Riverside Church for stained glass window restoration; $30,000 to Church of the Incarnation for spire masonry restoration, and $30,000 to Judson Memorial Church for masonry façade, wood window and door restoration.
“Religious institutions anchor their communities,” said Peg Breen, president of The New York Landmarks Conservancy. “They remind us of our history and provide …

Construction & Design »

[22 Aug 2014 | No Comment | ]

Led by a surge in the residential sector, New York City construction spending is poised to increase by 10 percent in 2014, according to a New York Building Congress midyear analysis of current and forecasted construction activity.
After reaching $28.5 billion in total construction spending in 2013, the Building Congress is currently forecasting spending of $31.5 billion for all of 2014.
If realized, it would mark just the fourth time, and the first since 2010, that construction spending in the five boroughs topped the $30 billion mark.
While the $31.5 billion in forecast …

Construction & Design »

[21 Aug 2014 | No Comment | ]

● BLUE SEA DEVELOPMENT LLC
Harlem homes get new lease on life
Governor Andrew M. Cuomo announced the preservation of Philip’s Senior House, a 14-story Mitchell Lama building with 200 units in Central Harlem.
As part of its rehabilitation and modernization, Philip’s Senior House will also remain affordable for low- and moderate-income seniors for forty years.
“Upgrading Mitchell-Lama developments like the Philip’s Senior House is a central part of our strategy to provide better affordable housing options to New Yorkers,” Governor Cuomo said.
“By completely restoring this building, we have provided a more vibrant and …

Construction & Design »

[20 Aug 2014 | No Comment | ]

Governor Andrew M. Cuomo announced $190 million for both building and preserving affordable housing, available by application to groups with shovel-ready projects.
“Everyone deserves a safe, affordable place to live, and this funding will help get more New Yorkers into a place to call home,” Governor Cuomo said. “These funds will not only get housing projects off the ground, but are also an important step to creating stable, healthy communities. We will continue working with local partners and organizations to support affordable housing alternatives.”
The funding, available through Homes and Community Renewal, …

Construction & Design, Featured »

[20 Aug 2014 | No Comment | ]
Meadowlands casino plan aimed at under-served New Jerseyans

The Meadowlands Chamber of Commerce in Jersey has updated its Vision Plan for the redevelopment of the sports complex that’s home to both the Giants and the Jets.

The plan includes a casino, convention center, ‘racino’ that would bring gaming into the racetrack, 14,000 parking space and a ‘people move’ to transport visitors from one attraction to the other.

“Since the Meadowlands Sports Complex was built, the population in the surrounding region has grown but does not have anything compelling enough to keep them here when they are spending their discretionary income,” said Chamber CEO Jim Kirkos.

Brokers Weekly, Construction & Design, Featured, Finance & Accounting »

[14 Aug 2014 | No Comment | ]
NorthMarq arranges loan for new Tamarkin High Line building

NorthMarq Capital has arranged $27 million in loans for two apartment properties, including a tony High Line building by developer Cary Tamarkin.

Tamarkin is gearing up to open 508 West 24th Street, his second apartment building on the High Line, that he told the New York Post this week is already sold out. He opened 456 West 19th Street in 2010.

Construction & Design, Featured »

[13 Aug 2014 | No Comment | ]
Big renovation puts Roc  tower back on the radar

The Rockefeller Group announced a major capital improvement program at 1221 Avenue of the Americas, including enhancements to the building’s lobby, elevators, entrances and plazas.

The Rockefeller Group worked with architect Moed de Armas & Shannon on the plans.
The Rockefeller Group worked with architect Moed de Armas & Shannon on the plans.
The plans call for the first renovation of the class-A tower’s lobby since 1999, and follow a recent leasing campaign that has attracted more than 1.5 million square feet of new leases and renewals.

Construction & Design, Deals & Dealmakers »

[13 Aug 2014 | No Comment | ]
Trump getting in on Indian action

Donald J. Trump yesterday (Tuesday) unveiled Trump Tower Mumbai – the first and only Trump project in the city, in collaboration with the Lodha Group, India’s No. 1 luxury real estate developer.
“It has been my desire for many years to be involved in a great project in Mumbai, and it is my honour to bring the Trump lifestyles to the citizens of this truly global metrolpolis with the launch of Trump Tower Mumbai. We are thrilled to be working with the Lodha Group, a truly fantastic team of Donald J. …

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