Northeast

Senior Lifestyle Corp. Opens The Club at Briarcliff Manor Near New York City

by Alex Patton December 10, 2019

BRIARCLIFF MANOR, N.Y. — Senior Lifestyle Corp. has opened The Club at Briarcliff Manor, a seniors housing community in Briarcliff Manor, a village along the Hudson River located approximately 30 miles north of New York City. The property offers 167 independent living units, 87 assisted living units and 33 memory care units in two interconnected buildings. Apartments range from 605 square feet to 1,040 square feet, with monthly rents starting at $7,350. The site was formerly housed Briarcliff Lodge, a grand resort hotel built in the early 1900s.

December 10, 2019

Leasing Activity New York Northeast Office

Amazon Signs 335,408 SF Office Lease at 410 Tenth Avenue in Manhattan

by Alex Patton December 9, 2019

NEW YORK CITY — Amazon has signed a 335,408-square-foot office lease at 410 Tenth Avenue in Manhattan. Landlord SL Green is currently redeveloping the 638,000-square-foot building, which was previously known as the Master Printers Building, as a Class A office property at the intersection of Manhattan West and Hudson Yards. The redevelopment will include a redesign of the lobby as well as construction of an 8,000-square-foot roof deck and lounge. The timeline of construction and Amazon’s occupancy was not disclosed, but the building is now 96.2 percent leased.

December 9, 2019

Development New Jersey Northeast Retail

Triple Five Group Launches 180,000 SF Big Snow Slope at American Dream in New Jersey

by Alex Patton December 9, 2019

EAST RUTHERFORD, N.J. — Triple Five Group has opened Big Snow, a 180,000-square-foot indoor snow slope within its American Dream entertainment and retail destination in East Rutherford, a western suburb of New York City. The 16-story vertical slope offers indoor skiing, snowboarding, sledding and other snow activities year-round. The facility will produce 4.4 tons of snow per hour, which will be kept at a constant temperature of 28 degrees with an average depth at 2 feet. Triple Five opened American Dream in late October with a Nickelodeon Universe theme park and an ice skating rink. The Dreamworks Water Park opened at American dream in late November, and future openings include a Legoland Discover Center, a Sea Life Aquarium and more than 100 retailers and restaurants.

December 9, 2019

Development Massachusetts Multifamily Northeast

Lotus Harvard Completes 16-Unit Apartment, Retail Project in Cambridge, Massachusetts

by Alex Patton December 9, 2019

CAMBRIDGE, MASS. — Lotus Harvard Enterprises LLC has completed development of 1699 Massachusetts Avenue, a 16-unit apartment building with 1,600 square feet of ground-floor retail space that is located adjacent to Harvard Law School in Cambridge. The property offers two studios, eight one-bedrooms, five two-bedrooms and three two-bedroom units, as well as an adjoining five-bedroom single-family home. Khalsa Design was the architect of the project and Nauset Construction was the general contractor.

December 9, 2019

Development Industrial Northeast Rhode Island

Gotham Greens Opens 100,000 SF Greenhouse in Providence, Rhode Island

by Alex Patton December 9, 2019

PROVIDENCE, R.I. — Brooklyn-based agricultural company Gotham Greens has opened a 100,000-square-foot greenhouse in Providence. The project is located along the Woonasquatucket River, at the site of a former General Electric lighting factory. The new urban farm will provide fresh produce to local restaurants and grocery stores, including Whole Foods Market, and will host educational programming about sustainable agriculture. Gotham Greens expects to create approximately 60 full-time jobs in Rhode Island and has committed to donating more than 5,000 pounds of fresh produce to the Rhode Island Food Bank during the winter season.

December 9, 2019

Leasing Activity New York Northeast Retail

Yard House Signs 19,000 SF Retail Lease at 10 Times Square in Manhattan

by Alex Patton December 9, 2019

NEW YORK CITY — American sports bar chain Yard House has signed a 19,000-square-foot retail lease at 10 Times Square in Manhattan. The restaurant will occupy the entire first and second floors of the building as well as a lower-level space with frontage on Seventh Avenue and West 41st Street. Originally built as the Bricken Textile Building in 1930, the 575,000-square-foot building houses tenants including the offices of apparel retailer One Jeanswear Group Inc, Wellspring Philanthropic Fund and marketing company Digital Remedy. The landlord, L.H. Charney Associates, was self-represented in the lease negotiations.

December 9, 2019

Development Life Sciences New York Northeast Office

King Street Properties Begins Construction of 266,800 Innolabs Life Sciences Project in Long Island City

by Alex Patton December 6, 2019

LONG ISLAND CITY, N.Y. — King Street Properties has begun construction of Innolabs, a 266,800-square-foot life sciences project in Long Island City. Located at 45-18 Court Square, the project involves the redevelopment and expansion of a 160,000-square-foot, Class B office building that will anchor the life sciences sector on Long Island. The building will be completely gutted and renovated to allow for multi-tenant floors and will be expanded with a four-story addition and two six-story additions. The project is slated for completion in the first quarter of 2021.

December 6, 2019

Development Multifamily New Jersey Northeast Seniors Housing

Capitol Seniors Housing Completes New Clubhouse, Residences at Community in Cinnaminson, New Jersey

by Alex Patton December 6, 2019

CINNAMINSON, N.J. — Capitol Seniors Housing has completed construction of a new clubhouse and two of the remaining five residential buildings at Siena, an active adult community in Cinnaminson, an eastern suburb of Philadelphia. The owner is currently working to complete the community’s master plan that will consist of 12 buildings and 204 units upon full build-out. The new residences range from 1,114 to 1,873 square feet. Capitol Seniors Housing acquired Siena in 2018, and Cove Property Management operates the community.

December 6, 2019

Leasing Activity New York Northeast Office

Akerman Law Firm Signs 100,000 SF Office Lease in Manhattan

by Alex Patton December 6, 2019

NEW YORK CITY — Law firm Akerman LLP has signed a 100,000-square-foot office lease at 1251 Avenue of the Americas in Manhattan. Akerman will move from its current office at 666 Fifth Avenue to the entire 37th and 38th floors and a portion of the 35th floor at the new building. About 185 lawyers will work out of the new space. Other tenants of the building include MUFG Union Bank, Trust Co. of the West and Mizuho Corporate Bank. Matthew Cheezem, Ken Siegel and Lisa Kiell of JLL represented Akerman in the lease negotiations. David Falk and Peter Shimkin of Newmark Knight Frank represented the landlord, Mitsui Fudosan America Inc., the U.S. subsidiary of Japanese real estate company Mitsui Fudosan Co. Ltd.

December 6, 2019

Loans Multifamily New Jersey Northeast

Procida Funding Provides $39M Construction Loan for Apartment Property in Middlesex, New Jersey

by Alex Patton December 6, 2019

MIDDLESEX, N.J. — Procida Funding has provided a $39 million construction loan to Forte Real Estate Development for the construction of The View at Middlesex, a 200-unit apartment property located approximately 30 miles southwest of New York City. Located at 220 and 232 Lincoln Blvd, the 255,000-square-foot building will feature 140 one-bedroom units, 60 two-bedroom units and 17,000 square feet of amenity and commercial spaces on the ground floor. Additional details of the loan and the construction schedule were undisclosed.

December 6, 2019

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