Mayor Robert Duffy and economic development commissioner Carlos Carballada cut the ribbon, celebrating the grand opening of 250south, a formerly vacant warehouse redeveloped as a mixed-use building. The project, at 250 South Ave., is a collaborative partnership between local entrepreneur Richard VanCuyck and local architects Mark Pandolf and Christopher Lopez, of PLAN Architectural Studio.
"Downtown is an exciting place to live and work," said Duffy. "The occupants of 250south can celebrate the river and view the evolving skyline of our city. Projects like this shape the vision of the center city as a vibrant community with a vital residential core."
The once boarded-up 7,500 s/f three-story warehouse is now a 10,000 s/f four-story signature addition to the city's downtown skyline. The $2.1 million redevelopment includes three high-end loft apartments and two large office spaces. The building now provides center city a new gateway for motorists approaching the Frederick Douglass - Susan B. Anthony Memorial Bridge from the west.
Brooklyn, NY Investment Property Realty Group (IPRG) closed the sale of 247 Leonard St., a multi-family building located in the Williamsburg section of the city, for $2.175
Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their
Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.