Biggest Real Estate Projects NYC

The top 10 biggest real estate projects coming to NYC A 24-story mixed use building in Jamaica topped February’s list

Clockwise from left: A previous rendering of 52-41 Center Boulevard 147-07 94th Avenue and 1441 South Avenue (Credit: ODA and CetraRuddy)

Solomon Feder doubled up on major New York projects last month.

The Velocity Framers developer had two projects on February’s list of the top 10 buildings coming to New York City: a 286-unit residential building he has planned for Downtown Brooklyn and a 158-unit residential building slated for Long Island City.

The largest project plans filed in February were for a 522-unit mixed-use project in Jamaica at 147-07 94th Avenue, while other notable projects included a new Coney Island Hospital building and a new hotel in Chelsea. Overall, the list was split between four projects in Brooklyn, three projects in Queens, two projects in Manhattan and one project on Staten Island.

The full list of February’s top 10 biggest real estate projects is below:

1147-07 94th AvenueJamaica, QueensArtimus Construction, Phoenix Realty522427537GF55 Architects
41441 South AvenueWillowbrook, Staten IslandNicotra Group0222272Desman Design Management
5260 Gold StreetDumbo, BrooklynSolomon Feder286190836J Frankl C Mallea Y Stern Associates Architects Engineers
6113 West 24th StreetChelsea, ManhattanLam Generation360129737Stonehill Taylor Architects
745-57 Davis StreetLong Island City, QueensSolomon Feder158106824J Frankl C Mallea Y Stern Associates Architects Engineers
8314 West 127th StreetWest Harlem, ManhattanColumbia University11796896EQ Architecture Design
9159 BroadwayWilliamsburg, BrooklynCornell Realty Management2195562Stonehill Taylor Architects
Source: TRData analysis of NYC Dept. of Finance records for new building (“NB”) applications for permits pre-filed in February 2018.

1) 147-07 94th Avenue, Queens
Artimus Construction’s 24-story, 522-unit mixed use development coming to Jamaica topped February’s list of largest projects on their way to New York City. The project will span 427,537 square feet, split between 16,133 square feet of commercial space and 411,404 square feet of residential space, and GF55 Architects is designing it. Artimus acquired the ground lease for the property with Phoenix Realty Group in October 2016 in a deal that valued the property at $34 million.

2) 52-41 Center Boulevard, Queens
Queens took the number two spot as well thanks to TF Cornerstone filing permits for the company’s second building at 52-41 Center Boulevard. This part of the Hunters Point South complex will stand 46 stories tall and contain 394 residential units across about 374,000 square feet. The project will include roughly 8,000 square feet of community space and 850 square feet of commercial space as well. The site will also include a 56-story, 800-unit building that TF Cornerstone filed plans for in October.

3) 2619 Ocean Parkway, Brooklyn
Brooklyn’s first spot on the list comes courtesy of a new building on its way to the Con[……]

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Madison International Realty

Madison International takes stake in L+M s East Village rental Building is valued at $50 million

Ronald Dickerman, Ron Moelis and上海千花网交友 上海千花网论坛 342 East 8th Street

Madison International Realty has picked up a stake in an East Village property owned by L+M Development Partners, in a deal that values the rental building at $50 million.

The company replaces another investor in the seven-story building at 342 East 8th Street, the NYAH Preservation Fund, according to documents filed with the city s Department of Finance on Wednesday. The fund was launched in 2010 by L+M and Citi Community Capital and was part of a joint-venture that bought into the 79-unit building with L+M back in 2016.

The details of Madison s investment were not上海龙凤论坛sh1f 上海龙凤论坛 immediately available. Representatives for L M declined to comment. Madison president Ronald Dickerman declined to disclose the value of his上海贵族宝贝论坛 上海贵族宝贝 company s stake but confirmed the deal.

The company purchased a stake in the Paulus Hook Apartments in Jersey City, which are爱上海龙凤419桑拿 上海龙凤论坛sh1f partly owned by L M. He said the company s replacing an institutional investor on that property and will likely have a role in a new tower planned for a garage nearby.

L M co-developed the East Village building with BFC Partners in the early 2000s, completing the project in 2002. L M bought out BFC in 2016, paying $44 million. The building, which sits at Avenue C and East 8th Street, has a mix of market-rate units and affordable housing and retail at its ground floor. The owners do not appear to have plans to make any changes to the building in the immediate future.

Tags: Commercial Real Estate, L + M Development Partners, madison international realty
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Coney Island Development

With a rash of new development and attractions, can the seaside enclave finally overcome its seasonal status?

The famed Luna Park reopened in 2010 after being shuttered for decades.

Coney Island has been transforming itself for more than a century. In 1903, its most famed amusement park opened and ushered in a heyday that would run for decades. But by the turn of the millennium, the seaside enclave was a shell of itself — a run-down backwater with large swaths of vacant land and rickety rides.

Over the last decade, however, the city has invested millions to revitalize it. And developers have followed suit with a spate of residential and commercial projects now rising or on the drawing board.

The team behind Essex Crossing — the Lower East Side megaproject — has a similarly sized development in Coney Island, for example. And billionaire John Catsimatidis is building a mixed-use complex that will include a trolley line to a subway station about a mile away.

Meanwhile, Ruby Schron’s Cammeby’s International is planning a 430-foot-tall rental on Neptune Avenue that will be the tallest tower in southern Brooklyn. The firm is also building a retail and office complex, which is already 50 percent leased up. And the list goes on: PYE Properties revealed renderings in June for the hotel it’s planning (complete with a spa and banquet hall) in Coney Island’s Shore Theater.

While prices are rising, sources say the area is underserved on the retail front. What’s more, there still aren’t “a lot of the mid- to large-sized contemporary condos that we see getting built in nearby Brighton Beach and Sheepshe新爱上海同城对对碰论坛 上海同城对对碰交友社区ad Bay,” said Warburg Realty agent Alex Lavrenov, who grew up in the area and works in the borough.

So the question remains, can Coney Island finally transform itself into a year-round neighborhood rather than just a destination for the Mermaid Parade and July 4 hot-dog-eating contest? Here’s a rundown of some key Coney numbers.

$14B

The amount of economic activity the city predicted its 2009 rezoning would bring to Coney Island over 30 years. Already part of that tally is a $60 million, 5,000-seat amphitheater that opened in 2016, a restored carousel, the re-built aquarium and a 20,000-square-foot oceanfront restaurant.

6.9

The number of acres that the NYC Economic Development Corporation bought from developer Joe Sitt’s Thor Equities in 2009 to use for a revitalized amusement park. The $95.6 million sale came after years of battling between Sitt — then the area’s largest landowner — and former Mayor Michael Bloomberg. Thor still owns five acres within the city’s rezoned entertainment district.

$300M

The cost that John Catsimatidis pegged his 21-story, mixed-use development at. The 432,000-square-foot project, dubbed Ocean Dreams, will house 425 market-rate rental apartments along with retail. The developer secured a $130 million construction loan led by Bank of America in June.

1,000

The number of residential units Taconic Investment Partners and the Prusik Gro[……]

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111 West 57th Street

A Russian oligarch’s guide: How to hide $20M in a NYC skyscraper An Irish race car driver, a Manhattan developer, a Luxembourg-based investment firm and offshore companies each served as a front for an investment by Sergei Adoniev and Albert Avdolyan in 111 West 57th Street

(Illustration by The Real Deal)

A former banana importer, a fraudster deported from the United States and the co-owner of a major Russian telecommunications company. Sergei Adoniev is all of the above.

And more recently, the Russian oligarch and another wealthy telecommunications magnate, Albert Avdolyan, became investors in Manhattan’s future second-tallest skyscraper, 111 West 57th Street, a supertall condominium project built for the world’s ultra-wealthy.

The $21 million investment, disguised behind a series of frontmen, shell companies and promissory notes, was known only to a small number of people. Other investors in the construction project, including AIG, Apollo Global Management, Madison Realty Capital and developers Michael Stern and Kevin Maloney, all declined to comment on the record. Sources involved in the project told The Real Deal that those investors were kept in the dark about the Russians’ role.

That Adoniev and Avdolyan were able to keep their involvement a secret for so long shows how the global rich use offshore companies and elaborate funding structures to funnel millions into Manhattan’s real estate market virtually without a trace. The practice is legal, and lays bare how savvy investors can navigate around government systems that struggle to track the flow of what the International Monetary Fund estimates is mor上海龙凤论坛 新上海贵族宝贝论坛e than $12 trillion in offshore corporate wealth.

“Moving money offshore – while a common practice in Russia – might not look good for either that individual or the inner circle of government if that activity were traceable, hence the potential need for secrecy,” said Mark Hays, a campaign adviser to Global Witness, a nonprofit that spotlights offshore money flows.

Although Adoniev does not appear on any sanctions lists, he has close ties to the Russian government and admitted to committing a felony in the United States. His criminal history has drawn scrutiny from investors, and in 2012, when one of Russia’s largest telecommunications companies, Megafon, issued a prospectus to launch an IPO, it pointed to Adoniev’s past as a risk factor, as he was a minority shareholder at the time.

His business partner Avdolyan lacks the same degree of notoriety, but he sports the same classic oligarch flash: last year the telecom magnate hosted a $10 million wedding for his son in Los Angeles, where Lady Gaga staged a performance.

In 2011, when Adoniev and Avdolyan s company, Telconet Capital, entered a joint venture with Rostec, a Russian state-owned technology conglomerate that is now placed under sanctions by the U.S., Vladimir Putin was pictured overseeing the signing of the partnership. The pair were also present at Putin s annual gathering of Russian b[……]

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Ram Gupta

Lawsuit accuses Michael Besen of trying to “foist his nemesis” Amit Doshi on unsuspecting partner Ram Gupta has filed suit related to pair of Bronx properties the three collectively owned

From left: Michael Besen, Ram Gupta, and Amit Doshi with 624 East 220th Street (Credit: Google Maps and Getty Images)

A former business part阿拉爱上海同城 爱上海龙凤419桑拿ner of Michael Besen and Amit Doshi has added another wrinkle to the ugly legal conflict between the two real estate veterans.

In a lawsuit filed on Feb. 21, Ram Gupta said he had equal ownership with Besen and Doshi at two unprofitable Bronx properties. The three of them had been trying to figure out how to dissolve the上海龙凤论坛 新上海贵族宝贝论坛ir partnership and divide up the properties, at 624 East 220th Street and 655 East 223rd Street, since at least 2017, according to the lawsuit.

Gupta, founder of Bronx-based Chatam Management, wanted to end the partnership by marketing and selling the properties, but Besen resisted this move because he did not want to tell Gupta about his allegations against Doshi, the suit alleges. The lawsuit essentially argues that Besen was trying to pawn Doshi off on Gupta.

“Besen tried to foist his nemesis Doshi on Gupta, so Besen could walk away owning his parcels,” the suit says.

Attorneys for Gupta and Besen did not respond to requests for comment. G上海龙凤论坛 新上海贵族宝贝论坛upta declined to comment on the suit, and Besen and Doshi couldn t immediately be reached for comment.

Besen sued Doshi in June, accusing his former business partner of setting up a secret “Doshi Account” that he used to take almost $1.5 million from the investment sales firm for personal investments. He also claimed that Doshi tried to steal a property in Jackson Heights, and drove talented brokers away from the firm. He filed a court summons seeking injunctive relief and up to $10 million in damages. Dos上海夜网论坛 上海夜网hi, a top broker, left for Meridian Capital Group in the summer not long after accusing Besen of mismanaging the company. The pair each owned 50 percent of Besen Associates, according to Besen s lawsuit.

Gupta’s lawsuit asks the court to end the partnership at the Bronx properties between him, Besen and Doshi, direct an accounting of the properties and sell them.

Although Doshi is not named as a defendant in the case like Besen, the suit accuses him of pursuing his own agenda as well.

“Doshi was long aware of Besen’s serious and detailed allegations against him…yet Doshi never disclosed them to Gupta, suggesting that Doshi too was pursuing his own undisclosed strategies, which contributed to the dysfunctionality of the [partnership],” the suit says.

The suit also claims that the Bronx properties “have not been economically productive and have been barely profitable if at all.”

Tags: Besen Associates, Commercial Real Estate, Real Estate Lawsuits
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Secaucus luxury community secures $115M in financing

New York Life Real Estate Investors (REI), an affiliate of New York Life Insurance Company, agreed last week to provide $115 million in financing for 爱上海同城对对碰 爱上海同城论坛a 469-unit apartment complex in Secaucus called T上海龙凤论坛 新上海贵族宝贝论坛he Harper at Harmon Meadow, as noted 爱上海同城论坛 爱上海同城by Real Estate NJ. Rents in at the Hudson County luxury building, which opened in February 2018 and is owned by developer Hartz Mountain Industries, start at $1,975 for studios and go up to $2,910 for two-bedroom units. Hartz Mountain, led by chairman and CEO Leonard Stern, ha上海千花网交友 上海千花网论坛s been one of the main benefactors of the last-mile industrial boom in the Meadowlands area, which has been critical to the growth of Harmon Meadow, a mixed-use development located in Secaucus’ central business district that also includes dining, entertainment, hotels and shopping. The financing for the deal was finalized two months after New York Life REI closed on $31 million in financing for Hartz Mountain’s Jersey City waterfront asset 15 Exchange Place. Secaucus-based Hartz Mountain, which began its work in the region in 1981, has developed more than 1,500 hotel rooms, one million square feet of retail and 2 million square feet of office space within the Harmon Meadow complex. The developer was most recently in the news over an application to rezone a tract of land in the Township of Cranford to accommodate residential development f上海贵族宝贝交流区 上海贵族宝贝论坛or a 905-unit apartment complex at 750 Walnut Avenue. [RE-NJ]

Tags: New Jersey
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Pass through Chinese brigade! Highway drives game ” the road of Guangdong ” go up a Steam

The road trip that develops by Just Add Oil Games drives game ” the road of Guangdong (Road To Guangdong) ” Steam platform was worn on now, put on sale was landed on May 16, 2019 experience first, excalibur Games is issued, do not support Chinese. The government expresses, ” the road of Guangdong ” shirt-sleeve drive, safeguard and the content such as maintenance, still have rich interactive story at the same time. Prevue:
Pass through Chinese brigade: In game the player will act Sang Ni, she will drive together with the aunt a shabby lord car will go up century the Chinese Guangdong of 90 time. Here they will with family member meet again, save the domestic dining room that belongs to oneself. Drive with safeguard: In game, the player will drive one is called ” Shan enlighten ” lord car. Although of Guangdong on the way scenery too many beautiful things, but the tire that you need to always pay close attention to a car, oily bad news and engine state. Want to drive what cars of such a lord begin a paragraph of epic class is itinerary you can get not easy – get ready to open engine lid to undertake checking at any time. Add full benzine, run oily waste time, safeguard engine and had had all sorts of spare partses, have such helps that you just do not need master workers of vehicle maintenance and repair only. Restart your domestic restaurant: Sang Ni is an artistic graduate of 23 years old, the troops that she and aunt of 68 years old developed a paragraph of highway together comes reforming family dining room. After accident ground takes over this dining-room, sang Ni’s mainest task recovers the connection with family members namely, build oneself the position in the family, only such ability are protected and create mysterious cookbook afresh. In through ceaselessly unlock enigma and all sorts of dialogs you will understand Sang Ni step by step this part. In whole trip process the relation of Sang Ni and aunt will face up to the test, their life also can produce not little change. [……]

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” the subway: Escape ” PSN harbor takes open to open to booking but the price makes a person yesterday tongue

” the subway: Escape ” open is taken in PSN harbor recently open to booking, the Gao Lingren be left speechless with wonder or fear of price. Standard edition game 623 Hongkong dollar, add up to a RMB about 534 yuan, gold edition 846 Hongkong dollar, add up to a RMB about 725 yuan. For contrast, PSN caparison store, ” the subway: Escape ” standard edition is 59.99 dollars, namely 403 yuan (take petty gain than harbor 131 yuan) , gold edition is 84.99 dollars, add up to a RMB about 571 yuan (take petty gain than harbor 154 yuan) . In addition Xbox harbor serves a store also open open to booking, standard edition price 559 Hongkong dollar, add up to a RMB about 479 yuan. Gold edition price 884 Hongkong dollar, add up to a RMB about 758 yuan, more expensive than caparison also many. A few days ago, ” the subway: Escape ” still convert Epic store from Steam, the price of Epic store is cheaper than Steam edition 10 dollars. But division of state of Epic store lock, say so ” the subway: Escape ” this operation is stifling, because player of PC edition home cannot be bought, and lead plane edition wants expensively dead again… ” the subway: Escape ” will at official on Feburary 15, 2019 put on sale, land PC, PS4 and Xbox One. [……]

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GDC 2019: ” Sparklite ” brand-new prevue 2D resembles element adventure game

Development business Red Blue Games and hair were released on the GDC 2019 plenary meeting that peddling Merge Games is having ” Sparklite ” new prevue, this be weighed for ” the Roguelike that provides creativity extremely takes a risk ” game will be in Summer 2019 put on sale, land PS4 at the appointed time, xbox One, switch and PC platform. ” Sparklite ” the prevue that releases on GDC 2019:[……]

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Cereal song vice-president: Stadia is the one-way ticket that electronic game leaves lead plane

In san Francisco Moscone can exhibit 4 buildings of the center, one is exhibited room, exposed the development history of electronic sport lead plane. There is FC, PS1, life inside the memory of the old player such as fine MD. This is exhibited last week the room is new added to exhibit, there is item on display temporarily above, have a piece only ” Coming Soon – is about to come out ” card. This is exhibited be the obligate of new play equipment that is about to announce to Gu Ge. But go up in GDC news briefing, the Stadia that we are informed Gu Ge is not a lead plane, also not be an equipment, however a cloud serves platform, allow a player to play game on the indication equipment of any couplet nets, for example mobile phone, flat and TV. Cereal song vice-president held Phil Harrison of Stadia project spokesman concurrently to undertake be elaboratinged further to this concept. He introduces to media: “We are very affirmatory, we now won’t, in the future won’t, won’t roll out sport lead plane forever. ” so firm position is very easy understanding, because roll out hardware,be contrary to with the original intention photograph of Stadia. They describe Stadia using a word is ” new generation platform ” , is not ” lead plane of second for generations ” , this platform can momently the data center as Gu Ge an evolution, do not need an user to spend money to buy hardware. This mode initiated the history of whole game industry, game platform will not ask player every other buys machine of new fund game 5 or so years with respect to beautiful money, beautiful perhaps money distributes new computer. Harrison statement, they so because be opposite,doing is not of game industry detest, however to come true they wish to what did not come scene. “The tradition that we break away from the past is not the history that wants to let his be far from game industry, because do not have rich history, without us everybody plays the game that spend, we are impossible today that the station is here. ” ” but in 40 years in the past, game industry is dominant with hardware. As a developer, I must choose a hardware to undertake developing. Game industry also is in order to cover group those who be dominant, a game often a piece of a corresponding CD, cassette, or bag of a download. Although digital game already more and more general, but the concept of whole operation still still is in order to cover group be dominant. But began at 10 o’clock in the morning from yesterday, what we had broken developer is invisible avoid barrier. Whole network is your store, whole data center is your platform. ” ” I think this to game industry it is a stirring hour. Whole world won’t transform between one night new pattern, but the foundation that this is a change, my individual is certain cordially also, this does not have a piece be game industry the one-way ticket of the road back to one’s former position. ” if this is of game industry really,did not come, so the device that the pl[……]

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