Northeast
Wythe Confectionery Apartments Completed in Brooklyn
New York–Caro Enterprises has completed work on the 69-unit Wythe Confectionery apartment property (390 Wythe Ave.) in the Williamsburg neighborhood of Brooklyn. The project, which originally started as condos, is an adaptive reuse of a former factory.
New Jersey’s Sub-Metering for New Multi-Housing Units an Environmental Win
The NJ Board of Public Utilities has approved a petition submitted by the NJAA for approval of water sub-metering in newly constructed multifamily buildings.
Preparing Multi-Housing Units for Future Hurricanes
First an earthquake, and then a hurricane (or tropical storm, depending on where you were)…The East Coast has had its fair share of natural disasters this August.
New Jersey Affordable Seniors Project Gets Green Light
Lawrenceville, N.J.–The Planning Board of the Township of Florence, N.J., has approved plans for a 66-unit affordable seniors housing development in the township. The property will replace the dilapidated Marcella Duffy School building.
Pittsburgh’s Piatt Place a Model in Green Evolution
Piatt Place, a mixed-use destination with 60 upscale residential condominiums in downtown Pittsburgh, is green to the bone. Completed by Millcraft Industries in 2009, the property is a shining example of how a non-green building can be reincarnated with a sustainable structural material to become a model of green development, and how it can help revitalize a city.
CWCapital Escalates Pace of Multifamily Deals
Earlier this month, the Mortgage Bankers Association reported that multifamily lending increased a whopping 114 percent between the second quarter of 2010 and the second quarter of 2011, much of which was during 2Q11 itself, which saw a quarter-over-quarter increase of 47 percent in multifamily lending.
Brooklyn Building Tabbed ‘2010’s Best Selling’ Now 100 Percent Sold
The once-stalled condominium structure Property Shark anointed as “Best Selling Building of 2010,” Brooklyn’s be@schermerhorn, is now 100 percent sold.
Long Island City’s The Yard Nearing 50 Percent Sold
New York–Buyers have begun moving into The Yard, a 12-story, 83-unit sister building to The Powerhouse.
Adaptive Reuse Student Housing Finished in Philly
Philadelphia–The adaptive reuse redevelopment of part of the former Women’s Medical College of Pennsylvania into new student housing at Philadelphia University has been completed.
AvalonBay Wins Bid to Acquire NJ Hospital Site for Redevelopment
Princeton, N.J.–AvalonBay Communities Inc. has inked a deal to buy the University Medical Center at Princeton from the nonprofit Princeton HealthCare System (PHCS), as well as nine houses that the health-care organization owns nearby.