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Construction Will Start Soon On $75 Million Renovation Of Bronx s Historic Orchard Beach Pavilion
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When the + POOL Opens in Two Years, It Will Use Filtered Water From New York City s East River
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+ POOL strives to reclaim the river as a recreational resource for the city, while educating the public about issues affecting our water quality, the + POOL website reads.
According to Architectural Digest, the idea for the floating pool was originally conceived by Archie Lee Coates IV and Jeff Franklin of the design firm PlayLab, and Dong-Ping Wong and Oana Stanescu of the architecture firm Family, well over a decade ago. In the years since the idea was conceived, the team has worked to raise funds, develop filtration systems, test the filtration systems and more.
If construction for + POOL goes smoothly and the appropriate funds are raised, New Yorkers can expect to dive in within about two years.
Savanna has completed the construction financing of the 141 Willoughby Street development project in downtown Brooklyn, the firm announced.
Savanna secured $264 million of debt financing from lenders including funds managed by CarVal Investors. With official groundbreaking completed in late 2020, Savanna is building a state-of-the-art, WELL Certified 400,000 s/f office and retail building designed by Fogarty Finger with SLCE Architects as executive architect.
“Assembling construction financing for a major ground-up commercial development is a significant feat in the best of times, and to do so successfully during an unprecedented pandemic reaffirms our belief in the 141 Willoughby vision and Savanna’s commitment to New York City,” said Cooper Kramer, Managing Director at Savanna.
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