Simone Development Companies and RIPCO Real Estate lease 2,957 s/f to Chipotle Mexican Grill at Hutchinson Metro Center Atrium
Bronx, NY According to Simone Development Companies, Chipotle Mexican Grill has signed a long-term, 2,957 s/f lease at the firm’s Metro Center Atrium, located at 1776 Eastchester Rd. within the Hutchinson Metro Center complex.
Queens, NY Bayport Funding provided a $4 million acquisition and construction loan for the development of a four-story mixed-use building in Ozone Park. The property will comprise nearly 10,000 s/f, 8,600 s/f of which will be designated as residential space, with the remaining 1,400 s/f as retail.
CBRE brokers $146 million sale of light industrial portfolio to Onyx Acquisition IV, LLC and Starwood
Queens, NY CBRE completed the $146 million sale of a portfolio of light industrial properties located adjacent to JFK International Airport. A partnership of Onyx Acquisition IV, LLC and Starwood purchased the assets from the respective LLC’s controlled by the Elias family.
Newmark arranges $90 million refinancing for Aurora Capital, Midtown Equities and ACHS Management’s 181,000 s/f joint venture
Brooklyn, NY On behalf of a joint venture led by Aurora Capital Associates, Midtown Equities and ACHS Management, Newmark arranged the $90 million refinancing for 240 Bedford Ave., a 181,000 s/f class-A grocery-anchored mixed-use asset located in the Williamsburg neighborhood.
Bronx, NY Ariel Property Advisors (Ariel) arranged the sale of the Concord Ave. assemblage, a large-scale development site offering 75,750 s/f at 431-439 Concord Ave. in the Mott Haven section of the city. The site sold for $4.9 million.
New York, NY UNDEFEATED, a global sportswear brand, is opening its first East Coast store at 75 Kenmare St. This 5,283 s/f East Coast location is the first for this Los Angeles-based brand and largest store footprint to date in the United States. The addition to the UNDEFEATED family promises to be a hub for sport culture, style and innovation. This new store is especially significant as co-founders James Bond and Eddie Cruz have roots on the East Coast, Bond being from Philadelphia and Cruz from the Bronx.
Manhattan, NY GAMCO Corporation has provided YKK curtain wall, storefront, and entrance doors, key components for a new hospital expansion in Staten Island. GAMCO sourced and fabricated over 12,000 s/f of aluminum fenestration materials for the recently opened 35,000 s/f expansion to Richmond University Medical Center (RUMC), located at 355 Bard Ave.
Queens, NY New Empire Corp., in partnership with Tang Studio Architect serving as the agency of record for façade designs and layouts, held a groundbreaking ceremony to mark the construction of its newest project, located at 58-01 Queens Blvd. The full-service 12-story residential building will be designed by architecture firm Tang Studio Architect. Designed and programmed with modern living in mind, the building will offer a suite of services and amenity spaces.
Haverstraw, NY Situated on the Hudson River in Rockland County, the residents of the new Admirals Cove housing development will benefit from the views and energy efficiency afforded by Crystal Window & Door products. The national manufacturer supplied the project with almost 1,100 double-hung windows, fixed/picture windows, and sliding glass doors.
Livingston Manor, NY The Catskill Project (TCP), an innovative community development project committed to redefining luxury living through sustainable building practices, has received Certificates of Occupancy for its first two homes. The homes are part of TCP’s collection of climate-friendly houses that blend carbon-neutrality and Passive House design with modern day comforts.
Manhattan, NY Rosewood Realty Group negotiated the $36.5 million sale of 159-161 West 54th St., a 15-story, mixed-use building on the corner of West 54th and Seventh Ave. in Hell’s Kitchen.