Owners Developers & Managers
Cozen O’Connor welcomes Cobb to condominiums and cooperatives practice
Manhattan, NY Cozen O’Connor has added real estate litigator Christopher Cobb to its expanding condominiums and cooperatives practice. Cobb brings to the firm nearly three decades of experience as a residential real estate and construction litigator with substantial cooperative housing and condominium practice. He joins the firm as a member and will work out of Cozen O’Connor’s New York City office.
Hudson Boulevard Collective to create Site K - $1.35b mixed-use project
Manhattan, NY According to governor Kathy Hochul, the Hudson Boulevard Collective — a partnership of BRP Companies, BXP, The Moinian Group and Urbane Development, with minority-owned businesses representing 31% of the development team — as the conditionally designated entity to create a transformative $1.35 billion mixed-use project at 418 Eleventh Ave.
Naftali Credit Partners provides $18.5m pre-dev. loan to Urban Development Partners for 167-174 4th Ave.
Brooklyn, NY Naftali Credit Partners, a subsidiary of Naftali Group, have closed on a pre-development loan marking the sixth deal of its second credit fund. Naftali Credit Partners provided a loan of $18.5 million to Urban Development Partners, a New York City-based real estate firm. The pre-development loan is financing 167-174 4th Ave.
Maddd Equities and Aufgang Architects to develop 73-unit mixed-use condo
Manhattan, NY A 73-unit affordable mixed-use condominium will be constructed at 132 East 125 St. at Lexington Ave., bringing home ownership opportunities to the heart of Harlem. Developed by Maddd Equities and designed by Aufgang Architects, the 13-story building will include 7,000 s/f of ground floor retail space and 45,000 s/f of medical offices on the second through fifth floors.
FullStack Modular opens 130,000 s/f CA facility
Carson, CA FullStack Modular has opened a west coast manufacturing facility. This expansion will create approximately 140 new jobs. FullStack Modular and its complete SMEP integrated system can effectively address California’s unmet housing demand through efficient, sustainable offsite construction. FullStack Modular also operates a factory in Connecticut, supporting its success on the East Coast.
Atlantic Development sells 350 Grand Concourse to Shorewood - $28.5m
Bronx, NY RIPCO Real Estate has arranged the sale of 350 Grand Concourse, a development site located in the Mott Haven neighborhood. The buyer, Shorewood Real Estate Group, acquired the site for $28.5 million from Atlantic Development & Investment. RIPCO represented the seller and buyer in this transaction, which just closed.
LCOR leases 3,500 s/f at 1515 Surf Ave. to Milk & Honey
Brooklyn, NY LCOR has signed a retail lease with Brooklyn-based cafe and restaurant Milk & Honey at its newly completed 1515 Surf Ave. This will open the cafe’s third location. 1515 Surf Ave., which features 463 residences on the Coney Island waterfront, will host Milk & Honey in a 3,500 s/f ground-floor space at the corner of West 15th St. and Surf Ave.
The Hudson Companies closes
$73m in financing for Pelham House
Pelham, NY The Hudson Companies have closed $73 million in financing for the construction of Pelham House, a five-story residential development that will transform a former parking lot and fire house into a transit-oriented development with 127 high-quality, mixed-income homes and 5,300 s/f of ground floor retail space. As part of the project,
Simone Development Companies signs lease with Halo Health Pharmacy - 1,522 s/f
Bronx, NY Simone Development Companies has signed a new long-term lease with Halo Health Pharmacy for 1,522 s/f of retail space at Triangle Plaza Hub located at 459 East 149th St. in the Mott Haven neighborhood.
