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Daily News Saturday 6-27-20

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Lang Development Corp. Sells Brooklyn Apartment Building for $17.1 Million

Lang Development Corp., a Brooklyn-based real estate development firm, has sold a 67-unit rent-stabilized apartment building in Brooklyn’s Bay Ridge neighborhood for $17.1 million. The building contains 72,000 square-feet across its six stories. The buying party has indicated intentions to upgrade some of the units.


Permits Filed to Construct 13,027 SF Mixed-Use Building in Brooklyn

Permits have been filed to construct a new mixed-use building in Brooklyn’s Red Hook neighborhood. If allowed to move forward, the project would yield eight residences averaging 977 square-feet in size, 3,197 square-feet of community facility space, and 2,013 square-feet of commercial space. Neither the project’s estimated construction costs nor its estimated completion date are currently known.

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$2 Billion Skyscraper Takes Shape Over Midtown Manhattan

One of Manhattan’s latest supertall skyscraper projects, Two Manhattan West, is taking shape over its Midtown neighborhood. Once completed in 2022, the 935-foot-tall skyscraper will yield two-million square-feet of office space across its 58 floors. Construction of the tower will cost an estimated $2 billion. This tower is the final component of the upcoming five-building Manhattan West complex.

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EYA Partners with D.C. to Produce New Mixed-Use Complex

EYA, a Maryland-based developer, has partnered with the city of Washington, D.C. to develop a public-private residential mixed-use complex. The project, dubbed Riggs Park Places, will yield 90 new townhomes, a mixed-use senior apartment community, and an unspecified amount of retail space. Neither the project’s estimated construction costs nor its estimated completion date are currently known.


Acquity Realty Requests to Sell Mixed-Use Tower in Chunks

Acquity Realty, a San Jose-based real estate development firm, is requesting the option to sell off a mixed-use tower project in downtown San Jose in chunks for easier financing. The 21-story project, nicknamed The Carlysle, will yield 123,479 square-feet of office space, 290 apartments, and 7,603 square-feet of ground-floor commercial space. The project’s estimated construction costs and its estimated completion date are both unknown.

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May/June 2020 Digital Issue

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