Construction News Real Estate

Montauk Point Lighthouse Restoration Completed

NY Governor Kathy Hochul, the U.S. Army Corps of Engineers New York District, Montauk Historical Society, and other partners celebrated the reopening of the newly restored Montauk Point Lighthouse and completion of a major coastal resiliency project to protect the historic lighthouse and associated cultural resources. The landmark, located on the easternmost point of Long […]

Construction Funding

Mastry, Lenx Invest in Vessel Housing Solution

NEW YORK — Vessel Technologies, Inc., a mission-driven housing product development company and franchisor that offers a high-quality, sustainable, and attainably priced housing solution, has secured Series A funding from co-lead investors Mastry Ventures and LENx, the venture arm of homebuilder Lennar. The terms of the investment were not disclosed but will accelerate Vessel’s growth, supporting continued […]

Construction Real Estate

Rabina Closes $540 Million Financing for 520 Fifth Ave.

NEW YORK — Rabina, a real estate investment and development firm based in New York, has closed a half-billion-dollar construction financing package for 520 Fifth Avenue, the first post-pandemic – and tallest – building in Manhattan to weave together luxury residences, boutique commercial office space, world-class recreational facilities and ground floor retail all under one roof. […]

Construction News Schools

Touro College to Build Campus in Times Square

NEW YORK — Touro College and University System, one of the nation’s leading non-profit Jewish higher education institutions, wants to build a new 243,305 square-foot campus at 3 Times Square. [Photo Above: Rendering of 3 Times Square and Touro campus.] The Midtown skyscraper for 3 Times Square is located on Seventh Avenue between 42nd and 43rd […]

Construction Real Estate

SL Green Tops Off 185 Broadway in Lower Manhattan

NEW YORK — Developer SL Green Realty announced the topping off of 185 Broadway, a 34-story, mixed-use building in Lower Manhattan. The milestone moment for the ground-up development comes on schedule and under budget, despite the challenges this year from the COVID-19 pandemic. Once completed, the property (See Artist Rendition Above) will be the area’s […]

Construction Real Estate

Construction Begins on Hudson Yards’ Observation Deck

NEW YORK – The massive Hudson Yards complex under construction on the West Side will have almost everything — including an observation deck. The developers of Hudson Yards — the Related Companies and Oxford Properties Group — have announced the start of construction on Hudson Yards’ Observation Deck. Standing more than 1,000 feet in the […]