Home Builder Developer - Interior Renovation and Design

A project six years in the making to build a hotel in downtown Skokie is moving forward, with the site cleared and preparation for construction starting, according to officials.

Chicago-based E&M Strategic Development plans to build the Homewood Suites by Hilton Hotel and Conference Center on the former Sanford Brown College site at 4930 Oakton Street. Mark Meyer, managing partner and founder of E&M, said Thursday the former building has been demolished and cleared, with the majority of building materials destined for recycling or reuse, and excavation of the site is underway.

As part of the hotel project, the village will build a $9.5 million parking garage at 8031 Niles Ave., on Illinois Science + Technology Park land owned by American Landmark Properties.

To that end, the village board on Aug. 15 approved a $10 yearly lease with American Landmark Properties starting Oct.1; a $178,600 architectural design and engineering services contract with Ware Malcomb; and a $450,329 construction contract with Russell Construction.

The first phase of the parking garage will provide 100 public parking spaces and 200 parking spaces for the hotel. Additional floors for tenants of the Illinois Science + Technology Park might be built in future phases. Also, the alley north of the hotel will become a fully improved street named Oakton Terrace. The parking garage which had been part of the Illinois Science +Technology Park master plan from 2005 will be just north of Oakton Terrace.

The hotel will have 143 rooms; 10,000 square feet of meeting/event space indoors and 5,000 square feet outdoors; a rooftop bar on the eighth floor; and 13,000 square feet of retail space on the ground floor.

The project was initially estimated at $55 million, but it will amount to more than $60 million due to inflation and the overall increase in the cost of goods and materials, Meyer said.

The village will contribute up to $13.5 million in tax-increment financing money for eligible project costs, according to the development agreement. TIF funds will be used to build the parking garage, village officials said.

Meyer said it might be difficult to meet the initial goal of opening the downtown hotel in fall or winter 2023.

Normally, its 14 to 18 months of construction time, he said. Weather, supply chain issues, labor issues all those things have an effect. If everything goes smoothly, yes, we can open at that time.

E&M Strategic Development first approached the village about the downtown hotel project in 2016. The process included the creation of a tax-increment financing district to help fund the project. The village board voted to enter into a development agreement with E&M Strategic Development in January 2021.

Meyer said the company focuses on Hilton, Marriott and IHG hotels. The company built a Holiday Inn Express and Suites in Elkhorn, Wisconsin, for example. Its not uncommon for projects to take several years, he said.

You think you have everything figured out, and then youre hit with the unforeseen, like the rise in interest rates and the cost associated with that, he said. And COVID, obviously.

Meyer, whos in business with his daughter, Emily Meyer, said they are big believers in downtown Skokie. He lives in Evanston and has frequented Skokie often, he added.

As theres been urban flight (in the wake of the pandemic), it seems like Skokie has become a desirable place where people relocate to, he said. The village has been great to work with. They value finding a partnership that works, not just to see the development but to see it done right.

For example, Skokie selected an environmentally-friendly contractor for the demolition, which resulted in less than 5% of debris ending up in landfills, Meyer said.

He explained that concrete was crushed to become road mix, and steel and other metals were melted for reuse, among other things.

The new parking garage also will have electric vehicle charging stations, Village Manager John T. Lockerby said. We are working with every project to make it sustainable, he said. The garage, however, will not have solar panels or a green roof, he said in response to a question asked by a resident at the Aug. 15 meeting.

Trustee James Johnson, who abstained from voting on the parking garage contracts, said the project is not aligned with the villages sustainability goals. I would really love to see the remaining green space in the Illinois Science + Technology Park be more protected in the future, he said.

According to estimates, the hotel is expected to attract 47,000 guests who will spend $12.5 million annually, with a benefit to local restaurants of up to $2.1 million annually, village officials said.

The hotel also will create 65 to 80 jobs, with the potential of becoming careers, in the hospitality industry, Meyer said.

We (my daughter and I) are excited to bring a family business to the area, he said. Not only to have an impact today, but to have an impact far into the future.

Excerpt from:
Skokie hotel expected to boost downtown area; construction starting - Chicago Tribune

The St. Louis regions fourth Costco store will open Oct. 25, a city spokeswoman confirmed.

UNIVERSITY CITY, Mo. The new Costco in University City has an opening date set for this fall.

The St. Louis regions fourth Costco store will open Oct. 25, a city spokeswoman confirmed. The Issaquah, Washington-based retailer operates existing locations in south St. Louis County, Manchester and St. Peters.

The newest Costco anchors the larger $211 million Market at Olive redevelopment at Interstate 170 and Olive Boulevard that willtransform the area on the north and south sides of Olive into a commercial corridor with retail, restaurants, apartments, a hotel and offices. The entire project adds nearly 50 acres of retail space, with 16 acres for Costco.

The Costco will be the first part of the new retail center to open. Construction on the second phase on the south side of Olive is underway, the city said. Over the next couple of months, the remaining buildings there will be demolished, and construction will start on four new buildings.

Two of the buildings will be built this fall, and the other two soon after. Tenants will be announced in the next few months, the city said.

Most buildings in Market at Olive are planned to be under construction by spring 2023, the city said.

Costco owns its property, but the business entity that owns the Market at Olive project, U City LLC, wasacquired last year by developers Larry Chapman, CEO of Seneca Commercial Real Estate, and Bob Clark, CEO of construction firm Clayco and developer CRG. Chapman and Clark are partnering on the project with David Hutkin of real estate firm Hutkin Properties and Caroline Saunders, former general counsel of CRG who is serving as partner and counsel.

The original owner of the project, Novus Development, was approved for $70.5 million in tax-increment financing for the development in 2019 and sold the development last November for an undisclosed amount.

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Here's when the St. Louis area's newest Costco is set to open - KSDK.com

Several new businesses and renovations are underway or coming to the Conroe area. The following projects have been filed through the Texas Department of Licensing and Regulation, and information may be subject to change.

1. Boba Queen Tea & Sweets: 2107 W. Davis St., Ste. C, Conroe

Type of work: renovation

Timeline: Oct. 24, 2022-April 24, 2023

Estimated cost: $55,000

Square footage: 1,494 square feet

Scope: lease space remodeled for a new tea house

2. Living Spaces: 10900 I-45 S., Conroe

Type of work: new construction

Timeline: Nov. 1, 2022-Nov. 1, 2024

Estimated cost: $24.7 million

Square footage: 148,000 square feet

Scope: construction of a retail center for furniture sales

3. Pure Barre: 4507 W. Davis St., Ste. 160, Conroe

Type of work: renovation

Timeline: Oct. 1-Dec. 10

Estimated cost: $200,000

Square footage: 1,698 square feet

Scope: interior build-out of vacant space for a fitness facility

4. New Conroe ISD north transportation center: 823-809 N. Freeway Service Road, Conroe

Type of work: new construction

Timeline: Aug. 16, 2022-Aug. 31, 2024

Estimated cost: $8.5 million

Square footage: 11,071 square feet

Scope: construction of a new transportation administration facility, renovation of an existing shop and site improvements

5. Walk On's Bistreaux & Bar: 2571 I-45 N., Conroe

Type of work: new construction

Timeline: Oct. 3, 2022-July 7, 2023

Estimated cost: $4.04 million

Square footage: 8,545 square feet

Scope: construction of a a sports-themed restaurant serving Louisiana fare

6. Tico's Kitchen: 3778 FM 1488, Ste. D, Conroe

Type of work: renovation

Timeline: Sept. 15-Nov. 30

Estimated cost: $450,000

Square footage: 2,200 square feet

Scope: renovating an existing building for a new cafe

7. Grand Pines Retreat Wedding Venue: 400 Bryant Road, Conroe

Type of work: new construction

Timeline: Oct. 1, 2022-July 1, 2023

Estimated cost: $5.32 million

Square footage: 17,734 square feet

Scope: construction of three buildings with a wedding chapel, a groom's quarters and a reception hall

8. Horseshoe Bend Medical Offices: 14220 Horseshoe Bend Drive, Conroe

Type of work: new construction

Timeline: Sept. 1, 2022-March 31, 2023

Estimated cost: $2 million

Square footage: 20,018 square feet

Scope: construction of a new office building

9. Plush Nails: 3786 FM 1488, Ste. A, Conroe

Type of work: renovation

Timeline: Sept. 15-Nov. 30

Estimated cost: $450,000

Square footage: 3,200 square feet

Scope: renovation of an existing retail building for a new nail salon

10. Cold Stone Creamery: 449 S. Loop 336 W., Ste. 700, Conroe

Type of work: renovation

Timeline: Sept. 1-Dec. 15

Estimated cost: $130,000

Square footage: 1,364 square feet

Scope: build-out for a Cold Stone Creamery store

11. First Watch: 449 S. Loop 336 W., Ste. 1000, Conroe

Type of work: new construction

Timeline: Oct. 18, 2022-Jan. 22, 2023

Estimated cost: $750,000

Square footage: 4,005 square feet

Scope: build-out for an eatery

12. Feng Cha: 449 S. Loop 336 W., Ste. 900, Conroe

Type of work: new construction

Timeline: Sept. 15, 2022-March 30, 2023

Estimated cost: $150,000

Square footage: 1,680 square feet

Scope: build-out for a tea house

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12 latest commercial permits filed in Conroe, including First Watch and Walk On's Bistreaux & Bar - Community Impact Newspaper

Construction is poised to begin on Lendleases flagship commercial building in North Sydney, Victoria Cross Tower.

Rising above North Sydneys new Metro station, the 42-storey office tower will be the lynchpin for a new commercial and retail precinct as the regions resurgence continues. Work will start before the end of the year.

Lendlease said the tower would represent the latest global thinking in place creation and workplace experience, offering a modern and sustainable space that promotes collaboration, flexibility, and innovation.

A part of the Sydney Metro integrated station development, Victoria Cross Tower will be a net zero carbon structure, powered by 100 per cent renewables and is targeting a Platinum WELL and 6-Star Green Star rating.

Designed by Bates Smart, the premium-grade tower features an expansive lobby and multipurpose hub space, and outdoor balconies and green spaces.

On the ground level, the lobby opens to a retail-activated laneway with more than 20 retail and hospitality outlets planned to cater for workers, locals and visitors.

Victoria Cross Station has been tipped to transform North Sydneys CBD into one of the most accessible business districts in the city, cutting transit times to places such as Barangaroo and Martin Place to mere minutes.

Victoria Cross Tower is 25 per cent owned by Lendlease's flagship Australian office fund, APPF Commercial. A spokesperson said the fund would continue its market-leading sustainability focus with the tower the first building in its portfolio to be fully electric.

Constructing the $1.2-billion precinct will see the building rise approximately one floor each week, they said.

The project will support around 5000 jobs with 90 per cent of the workforce local to the Sydney area.

Once completed, Victoria Cross Tower will accommodate up to 7000 workers across about 58,000sq m of office and retail space.

It is due to be completed in 2024. The new train services, Sydney Metro City and Southwest, are due to start the same year.

Lendlease managing director of development Tom MacKellar said North Sydneys CBD was on a path of transformation and that connectivity will be key with the introduction of Sydney Metros new Victoria Cross Station.

Victoria Cross Tower will stand at the centre of this transformation, in what will be a thriving new round-the-clock precinct, breathing new life into North Sydney, he said.

Development in North Sydney has ramped up in recent months including, in June, Sydney-based developer Stockland Corporation winning approval for a $1.4 billion, 51-storey office tower in North Sydney.

North Sydney Council approved the development application for Affinity Place. It will be the tallest building in the lower north shore.

Meanwhile, Deicorp expects to start work within a month on its $445-million mixed-use project to be built above a recently completed Metro station in Sydneys north-west.

The Independent Planning Commission greenlit the four 20-storey residential towersin the Hills Showground Station Precinct, about 35km north-west of the Sydney CBD, earlier this month.

It is part of the Sydney Metro Northwest line, joining the Sydney Metro North line at Chatswood.

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Construction Poised to Begin on $1.2b North Sydney Tower - The Urban Developer

Watertown, MA Ayr Wellness, a growing U.S. multi-state cannabis operator, celebrated the grand opening of its new store located at 48 North Beacon St. on Friday, August 12th. Ayrs prominent brands include Kynd premium whole flower, LIT premium whole flower, Levia cannabis-infused beverages, Wicked Edibles, Entourage and Secret Orchard vapes, Origyn Extracts, and Stix Preroll Co., among others. The new store was built by Connolly Brothers Inc., a construction management firm serving private commercial, industrial, and institutional clients in New England.

Were incredibly excited to welcome our customers and patients into this beautiful space, said Gretchen McCarthy, vice president of retail for the Northeast at Ayr. The design of the store is welcoming and curates a great experience for all guests. Were thrilled to be members of the Watertown community and will maintain our commitment to being a great neighbor and community partner.

The new store, which was previously a floral shop, was designed by Scott/Griffin Architects, and features silver composite panels, energy-efficient windows, and mid-century modern architectural details. The interior of the dispensary building is divided between a commercial retail space on the first floor as well as a mezzanine for office and storage space. The first-floor dispensary is split between medical and retail functions, and interior design touches include a modern metal baffle ceiling, terrazzo floors, high-finish cabinetry and display cases, and contemporary lighting.

The design challenge was to adaptively reuse the original floral shop and related workroom and transform it into a contemporary cannabis dispensary, said Thomas Scott, principal of Scott/Griffin Architects.

The construction and renovation work on the 4,500 s/f structure involved significant site and foundation upgrades, as well as major electrical and HVAC work to bring the 1945 building up to code, enabling it to serve as a contemporary dispensary. The project also included tearing down an adjacent building to allow room for parking atop a new porous pavement driveway to keep water on site. Limited demolition work on the previous structure not only enabled the parking area but also decreased the size and shadow impact on surrounding neighbors while introducing new bicycle parking and landscape buffer features.

A decrease in architectural scale, the addition of open space, and a full integration of the project into the surrounding terrain had an overall beneficial impact on the neighborhood, Scott said.

Connollys work also included the implementation of an intensive security system for the dispensary to ensure adherence with all Massachusetts Cannabis Control Commission requirements.

We appreciated the opportunity to foster Ayr Wellness growth with the construction of this beautiful new facility in Watertown, said Jay Connolly, president of Connolly Brothers.

Ayr Wellness also recently opened a dispensary in Bostons Back Bay at 827 Boylston St., and has received state approval for adult-use sales at Sira Naturals in Somerville, Mass., pending local approval.

Ayr has made serving as a force for good a priority throughout Massachusetts, and our team looks forward to furthering this commitment and continuing to enact positive change throughout Massachusetts and every place where Ayr operates, said Ayr CEO Jonathan Sandelman.

The rapidly expanding companys products are now available in more than 500 dispensaries, with Ayr operating more than 75 dispensaries across eight U.S. states.

Ayr is an expanding vertically integrated, U.S. multi-state cannabis operator, focused on delivering the highest quality cannabis products and customer experience throughout its footprint. Based on the belief that everything starts with the quality of the plant, the company is focused on superior cultivation to grow superior branded cannabis products. Ayr strives to enrich consumers experience every day through the wellness and wonder of cannabis. More at ayrwellness.com.

Connolly Brothers Inc. is a construction management firm serving private commercial, industrial, and institutional clients. A five-generation family business established in 1880, Connolly is based in Beverly, Mass. and operates throughout the New England region. For more than a century, clients have turned to Connolly for all aspects of their construction projects, from planning and design to real estate development. More at connollybrothers.com.

Based in Waltham, Massachusetts, Scott/Griffin Architects is considered among the most energetic and experienced retail architectural firms in the Commonwealth of Massachusetts. Our retail clients extend throughout the northeastern United States. A full-service firm offering architecture and engineering, SGA builds long-lasting relationships with clients based upon careful listening and strong communication. More at sga-architects.com.

The Project Team included:

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Project of the Month: Ayr Wellness opens dispensary in Watertown - built by Connolly Brothers; designed by Scott/Griffin Architects - New England Real...

After years of back-and-forth with neighbors and the city, developers behind the $2 billion Brookridge project in Overland Park say they are expecting to break ground this fall.

Driving the news: Overland Park-based developer Curtin Property presented an update about the 200-acre, mixed-use development near the Brookridge Golf & Fitness club at Antioch Road and 103rd Street to the Overland Park Finance, Administration and Economic Development Committee earlier this month, outlining the projects latest timeline.

The timeline: In order for construction to begin, Messer said a stipulation on the project plan regarding the rights-of-way at 103rd Street must first be discussed and approved by the Overland Park City Council in November.

Background: The project to develop part of the Brookridge golf course property at the southeast corner of Antioch Road and 103rd Street was intensely disliked by residential neighbors. It took about five years from its inception before a development agreement on the financing package was reached in 2019.

The stipulation modification will be discussed by the Overland Park Planning Commission Monday, Oct. 10, before being voted on by the council in November.

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Brookridge project could break ground in Overland Park this fall - Shawnee Mission Post

Labor Day might be a time to remember the achievements of the labor and union movements in this country which brought us little things like the 40-hour workweek and unemployment benefits but many companies are using the holiday as the end of something many workers want to continue: full-time remote work.

Goldman Sachs will lift all COVID-19 protocols in its offices including vaccine mandates and mask-wearing after Labor Day, which many see as a less than gentle nudge for all staff to come in five days a week. Meanwhile, archnemesis JPMorgan Chase has not been so quietly pushing its employees to do the same, and Apple wants its workers to return at least three days a week after Labor Day.

Those might be the largest firms calling workers back in droves, but theyre far from alone as companies large and small have started calling employees back. All of this might feel like we jumped into a DeLorean with Doc Brown and went back in time to 2021, but employers apparently mean business this time.

But a five-day-a-week, full-scale return to the office might be as elusive as the location of Jimmy Hoffas grave as study after study finds people want a hybrid model and many are willing to quit over the loss of their home office.

Apple has faced numerous complaints from workers about its return to office edict, causing the tech giant to pull back on the number of days required, while Google employees have been angry over the companys three-day-a-week policy even after they keep contracting COVID.

Landlords are expecting a much larger return of tenants this week but many have more realistic expectations, with Silverstein Properties CEO Marty Burger telling CNBC he anticipates most companies to return only three to four days a week.

Feel the pain

It might have been a quiet week as many surely holed up in vacationland for one final summer weekend but there were still plenty of reminders of the current state of the U.S. economy.

Female-focused coworking provider The Wing announced that it would shutter its remaining six locations permanently after not enough members visited the spaces. The company debuted in 2016 with much fanfare and came out strong with $100 million in fundraising.

However, the wheels started to fall off and the company faced allegations of mistreatment of staff and people of color, lawsuits over its women-only admittance policy, and nearly went bankrupt in 2020.

On the retail front, Bed Bath & Beyond announced it would close 150 stores nationwide and lay off about 20 percent of its corporate and supply chain workforce after the struggling company secured $500 million in new financing to right its ship. And thats after it shuttered 37 stores in February.

In other retail news, Urban Outfitters subsidiary Free People couldnt break free of its bills as a judge ruled it will have to pay Delshah Capital $13 million in skipped rent for its 58-60 Ninth Avenue storefront.

And in a tale turning into a long and winding saga fit for a Bruce Springsteen song, the long-awaited Gateway tunnel project had its cost increase by $2 billion and the start of construction delayed a year.

The group shepherding the project which calls for renovating an existing underground rail tunnel between New Jersey and New York and building a new one blamed inflation for the bill increasing to $16.1 billion and has been seeking additional federal funding.

Labor Day deals

There was some good news last week as the deals kept flowing.

Luxury retail contractor Michilli and fashion designer PatBO each took 7,000 square feet at 126 Fifth Avenue; custom embroiderer Penn & Fletcher grabbed 3,400 square feet at 309 West 36th Street; and four tenants signed leases for a total of 21,000 square feet at 20 West 55th Street. And, in news sure to please bibliophiles, book seller McNally Jackson secured a 7,000-square-foot space at 1 Rockefeller Plaza for its fifth store, set to open in the winter.

But New York couldnt hold a candle to the Sunshine State lease-wise. Newspaper the Sun Sentinel renewed the lease for its 290,503-square-foot printing plant in Deerfield Beach, Fla.; the State of Florida Department of Revenue inked a deal to relocate to 28,610 square feet within Doral; a Sports & Social bar will open a 20,000-square-foot Miami location; kid clothier Carters and The Great Greek Mediterranean Grill took a combined 7,142 square feet in a Boca Raton shopping plaza; and wine bar The Blind Monk will debut a 2,209-square-foot West Palm Beach outpost.

Meanwhile, in the equally sunny (but with far less alligators) Los Angeles, Hudson Pacific Properties acquired soundstage and production services firm Quixote Studios for $360 million, and BLT Enterprises bought the North American headquarters of South Korean video game developer Nexon for $27.3 million.

Dont get too jealous, New York. The Big Apple had some major financing agreements this past week.

The Vanbarton Group landed $272.5 million in construction financing for its new office-to-residential conversion project at 160 Water Street; RXR secured a $260 million refinancing of 75 Rockefeller Plaza; a joint venture between Dynamic Star, Namdar Realty Group and Gorjian Acquisition sealed $70 million to refinance its planned mixed-use development in the Bronx; and First Elite Management got a $31.5 million construction loan for its condo development in Long Island City, Queens.

Long reads for the long weekend

What better way to drown out your familys infighting during Labor Day barbeques than digging into some of Commercial Observers recent features.

Learn about how, even in the wake of politicians decrying ESG as part of a woke agenda, real estate has stayed the course in its efforts to make its buildings greener and its workforces more diverse. Or how Adam Neumanns new, loosely defined startup could actually solve at least one housing problem, if it manages to live up to its billion-dollar hype. If not, were sure Jared Leto cant wait to bust out his Israeli accent again.

Finally, read about how real estate power lawyer Terri Adler came from out West to launch a career in New York City, starting with what might be a record for the shortest job interview ever.

Until next time, solidarity forever!

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Sunday Summary: Back to the Office Commercial Observer - Commercial Observer

US Route 1 is the primary federal highway south of Miami (where I-95 ends), and consists of a 5-7 lane suburban arterial on the 25 mile stretch to Florida City, Florida. Theres nothing like a human-scale public space on that corridor, but that reality is changing.

Developers A&E Partners are proposing a 10-acre mixed-use development with a public square facing the highway. Designed by Valle & Valle Partners, town planners and architects, the development is going through approvals with the Town of Cutler, enabled by transit corridor district zoning. The town recently updated that zoning category near three bus rapid transit (BRT) stops on the South Dade TransitWay, a $100 million, 20-mile transit line which broke ground in 2021. The BRT extends the existing Metrorail from South Miami, linking to the regional transit system.

US Route 1, the nations longest north-south highway, goes from Key West to the Canadian border in Maine. It was designated in the 1920s from what used to be called the Atlantic Highway. It was the main street of the Eastern Seaboard, replaced in importance by I-95 in the 1960s. Increasingly, it took on the characteristics of a classic stroad. The introduction of placemaking could be called a return to the roots of US 1, as the highway originally had a much stronger sense of place. The width of the thoroughfare, however, requires placemaking techniques on one side of the highwayand thats where the square comes in. It will be a protected public space, bounded on three sides by buildings, and yet visible from Route 1.

The site is bounded on one side by the highway, and the other side by the busway, which will include an iconic station. The site today is another big box with tons of parking, as you can see along the entire stretch of the US 1 corridor; completely unmemorable, notes designer Erick Valle.

The site is large enough to include a diverse development program. A seven-story building will have 274 units of senior housing with about 10,000 square feet of first-floor commercial space. Another two buildings include 338 market-rate living spaces, and 19,000 square feet of commercial space. A courtyard building will have 162 units of workforce housing. The project is very compact, with 774 living spaces in totaleven while providing the new public square.

The proposed design will be introducing the first publicly visible square off US 1 corridor, Valle says. It will be also be creating an urban edge with 30-footwide sidewalks full of shade trees with continuous retail for a two-block stretch. This transit-oriented development will be providing desperately needed housing for the nearby Homestead Airforce Base, seniors, young families, and for people who made the choice not to rely on the car for transportation.

Cutlers transit corridor zoning grew out of a 2008 charrette, but had never been used. With the construction of the transit line, town commissioner Robert B.J. Duncan recognized an opportunity to modify the ordinance to make it more viable for development, Valle says. Modifications include higher densityand reduced parking requirements, leading to this development proposal.

This project is designed to demonstrate suburban retrofit, a future trend that makes sense as cities continue to handle growth, he adds.

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US 1 is getting a public square | CNU - Congress for the New Urbanism

From left: Rockefeller Groups Daniel Moore and Park Tower Groups Marian Klein with 16 Dupont Street (Green Pearl, Rockefeller Group)

Rockefeller Group and Park Tower Group have secured a $200 million construction loan to build a 40-story residential tower at 16 Dupont Street as part of the Greenpoint Landing development.

Japan-based Sumitomo Mitsui Trust Bank took over financing on the project with a $230 million agreement that retires $30 million originated by Signature Bank, records show.

The tower will have 378 residential units, and 2,700-square-feet of retail space. A portion of units will be set aside as affordable per the citys now-expired Affordable New York Housing program, said Park Tower president Marian Klein. GKV Architects is listed as the architect of record for the 470,000-square-foot building, according to the Department of Buildings.

Excavation of the buildings foundation is underway, New York YIMBY reported. Park Tower bought development rights for the site last summer for $23 million, and Rockefeller joined the project in December 2021. Rockefeller Group did not immediately return a request for comment.

The 22-acre Greenpoint Landing development will deliver 5,500 units to the Brooklyn neighborhood, near where the East River meets Newton Creek. ANd 1,400 will be permanently affordable across 11 building sites.

Park Tower is working on four other Greenpoint Landing developments with Brookfield Property Partners, which last year secured $500 million for a pair of residential towers with 745 units at 227 West Street. Brookfield has already completed three buildings at the megaproject: One and Two Blue Slip, and 1 Bell Slip where market-rate one-bedrooms list from $3,100 to $5,400.

L+M Development Partners is spearheading the megaprojects three affordable housing buildings, located at 5 Blue Slip, 21 Commercial Street and 33 Eagle Street.

Contact Orion Jones

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Rockefeller, Park Tower land $200M to build at Greenpoint Landing - The Real Deal

Sep. 2JEFFERSONVILLE Plans are underway to build 264 multi-family apartments connecting with Jeffersonville Town Center near Veterans Parkway.

Denton Floyd Real Estate Group is seeking to develop The Warren Apartments in Jeffersonville in partnership with The Koetter Group. The development would feature market-rate apartments at the 18-acre property located along Town Center Boulevard, Indiana 31 and Hamburg Pike.

The project has received a favorable recommendation from the Jeffersonville Planning Commission, and the Jeffersonville City Council will consider an amendment to the zoning map at Tuesday's meeting. This would change the zoning at 4405 Hamburg Pike, a portion of the land that would be used for the development, from business park/light industrial to planned unit development (PUD).

The planned development includes 11 apartment buildings with 24 units each, and there will be 400 parking spaces for residents. The development will feature amenities such as a clubhouse, pool, dog park, fire pits, a playground and more than six acres of green space, according to Clayton Pace, director of development and construction at Denton Floyd.

The clubhouse would include an exercise room, cybercafe, mail room and leasing office.

Pace said bringing in residential development will create a mixed use space to complement the businesses at Jeffersonville Town Center on Veterans Parkway, which was also developed by The Koetter Group.

"This is a great example of how connectivity and mixed use work together," he said.

Pace said it's a "terrific location" to combine residential and commercial developments.

"Within a walking distance, you have Menards, you have a gas station across the street, you have all the retail, and a bank is right there," he said. "Then there's some more upcoming retail that's just broken ground."

Chad Reischl, director of planning and zoning for the City of Jeffersonville, said he is excited about the opportunity to create a multi-use site featuring offices, restaurants, retail and apartments.

Story continues

The residential development will be beneficial for helping business grow in that area, he said.

"It's a place where people could live, work and go down the street and grab a coffee or a burger at a restaurant without having to go far," he said.

The goal is to break ground on The Warren Apartments at the end of the year, according to Pace.

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Developers seek to build 264 apartments near Jeffersonville Town Center - Yahoo News