ALDEN, MEDINA & NIAGARA FALLS, N.Y. — KeyBank Real Estate Capital has secured $19.5 million in CMBS financing for a retail portfolio consisting of three Tops grocery-anchored shopping centers. The properties are located in Alden, Medina and Niagara Falls, and total 250,174 square feet. William Cassidy of Key’s commercial mortgage group arranged the financing with a 10-year term and 30-year amortization schedule. The non-recourse first mortgage loan was used to refinance existing debt.
ROCKVILLE CENTRE, N.Y. — BBS Architects, Landscape Architects and Engineers has completed the renovation and expansion of South Side High School for the Rockville Centre Union Free School District located on Long Island. BBS served as the architect; interior designer; technology designer; and mechanical, electrical, and plumbing (MEP) engineer for the project. The school is located at 140 Shepherd St. in Rockville Centre. The $26.6 million South Side High redevelopment was a part of a $45.9 million school improvement bond issue that was approved by local voters in 2013. BBS’s project team included architect Roger P. Smith, project manager Kenneth Schupner, designer Tracy Hansen and construction administrator Peter Dawkins. Park East Construction served as construction manager.
NEW YORK CITY — Gene Kaufman Architect (GKA) has received design approval from the NYC Department of Buildings for a Marriott and Residence Inn at John F. Kennedy International Airport in New York City. In addition, The Lam Group has asked GKA to take over work on a Courtyard by Marriott and Residence Inn already under construction at 215 Pearl St. Together, the projects offer 870 rooms and represent 424,000 square feet of hotel space. The 540-room, 270,000-square-foot Marriott-and-Residence Inn at JFK Airport is being designed for Soundview Real Estate Partners and Chartwell Hospitality. The dual hotel property, expected to break ground later this year, will have 4,000 square feet of lounge and bar space and more than 4,000 square feet of meeting space. It will also have an office center, a fitness center and parking. Construction is already underway on GKA’s second dual-hotel project, a 330-room, 170,000-square-foot Courtyard by Marriott and Residence Inn at 215 Pearl St., which is expected to open in 2018. The Lam Group asked GKA to oversee the final design of the building created by the previous architects Nobutaka Ashihara, and to design the interiors for both the hotel’s public spaces and its guest rooms.
NEW YORK CITY — HFF has arranged $290 million in financing for the development of 151 E. 86th St., a mixed-use residential and retail project in Manhattan’s Upper East Side neighborhood. HFF worked on behalf of the developer, a joint venture between Ceruzzi Holdings and Kuafu Properties, to secure the construction loan with a foreign capital source. HFF previously sourced financing on Ceruzzi’s behalf for its acquisition of the site in 2014. The property is located at the corner of 86th Street and Lexington Avenue and will include 151,500 square feet of residential space and 36,000 square feet of retail. There will be 61 condominium units averaging 2,485 square feet with floor-to-ceiling windows and views of the Manhattan skyline and the East River. Resident amenities will include concierge service and 6,500 square feet of amenity space, including a fitness facility, lounge, rooftop terrace and children’s playroom. HOK Architects designed the 18-story building and Shelton, Mindel & Associates handled the interiors. The property is due for completion in the first quarter 2019. David Nackoul, Christopher Peck and Scott Findlay led HFF’s debt placement team.
GLEN COVE, N.Y. — RXR Realty has begun construction of Harbor Landing at Garvies Point in Glen Cove. The property is slated for completion in 2019. Harbor Landing, a 385-unit apartment complex, will offer a mix of studios, one- and two-bedroom residences across two buildings. Units will range from 500 to 1,300 square feet. The residences will also feature amenities including a fitness center, club room, private dining room, lobby and on-site parking. The property is being built in conjunction with a condominium development known as The Beacon.
NEW YORK CITY — Rosewood Realty has brokered the $31.5 million sale of two apartment properties in Queens. A local investor purchased the contiguous properties, which are located at 71-05 and 71-11 37th Ave. in the Jackson Heights neighborhood. Benson Co. was the seller. The six-story buildings, which were built in 1920, include a combined 106 apartments and span 85,856 square feet. The average rent at the properties is $1,477 per month. Aaron Jungreis of Rosewood Realty Group represented both the buyer and seller in the transaction.
NEW YORK CITY — ABC Carpet & Home has leased 78,000 square feet in Industry City, the 16-building, 6 million-square-foot innovation and manufacturing complex located in the Sunset Park neighborhood in Brooklyn. ABC Carpet & Home, a New York-based seller of home goods, is consolidating its operations — currently located in Hackensack, N.J., and the Bronx — into the space at Industry City’s building 19. Industry City’s director of leasing, Kathe Chase, led the deal alongside Chase Welles of The Shopping Center Group, which was brought onto the project to lease the property’s ground-floor spaces. ABC Carpet was represented internally.
NEW YORK CITY — Cushman & Wakefield has negotiated a 25,000-square-foot office lease in New York. C&W’s represented Callen-Lorde Community Health Center in securing a 20-year lease at 40 Flatbush Extension in downtown Brooklyn. Callen-Lorde, which is dedicated to meeting the healthcare needs of the LGBTQ community and those living with HIV/AIDS, will open its Brooklyn location in 2019. Carri Lyon and Mitzi Flexer of Cushman & Wakefield represented Callen-Lorde in the lease. Joseph Jemal of ISJ Management represented the landlord, 40 Flatbush Realty Associates.
NEW YORK CITY — Nobu Downtown will open in April at L&L Holding Co.’s 195 Broadway office tower. Located between Fulton and Dey Streets, the 12,500-square-foot restaurant includes a 4,500-square-foot street-level bar and lounge, subterranean dining and a private sake table. David Rockwell of Rockwell Group designed the restaurant space.
Syracuse, N.Y. — Aptitude Development, a new partnership between BLVD Equities, Rosen Property Group and Westerleigh Property Group, is set to break ground on a 287-bed mixed-use development near Syracuse University in New York. The property will feature 20,000 square feet of retail space and community amenities including a fitness center and study rooms.