Page 33 - Extell Development News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Share via Shortlink From top: 355 Exterior Street in the Bronx, 55-15 Grand Avenue in Queens and 700 Atlantic Avenue in Brooklyn (Google Maps) Planning a new development project in New York City is not for the faint of heart, but some builders remained undeterred in 2020 — even in the face of the Covid-19 pandemic, as well as rising anti-development sentiment. This year saw the defeat of the Industry City rezoning, which would have transformed Sunset Park, as well as the Olnick Organization’s Lenox Terrace expansion. There was a near-miss with the Special Flushing Waterfront Distr...

Ziel Feldman (right), Nir Meir and the XI (Illustration by Zach Meyer) “What’s the latest?” read the text that popped up on Nir Meir’s phone one Thursday afternoon in July. “Running out of time.” The message to the HFZ Capital Group managing principal was from Adam Gibbons, an executive at CIM Group. The lender was awaiting an overdue payment on $90 million of mezzanine debt it holds on four prewar Manhattan apartment buildings HFZ is converting to condominiums.  “On it,” Meir wrote back. “2 min.” Four hours later, a reference number popped up on Gibbons’ phone. It seem...

Share via Shortlink Renderings of 1223 Spofford Avenue, Bronx, 153-10 88th Avenue, Queens and 1201 Spofford Avenue, Bronx (iStock, NYC Economic Development Corporation, Zara Realty)   Two pieces of the city’s redevelopment of the former Spofford Juvenile Detention Center in the Bronx made the list of 10 largest projects filed in the five boroughs in November. “The Peninsula” project aims to transform the five-acre Spofford property into a mixed-use live-work community. The campus would eventually feature 740 units of affordable housing, 52,000 square feet of recreational space ...

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How did you get out. >> my parents didn't approve of me being gay so i left. i just got my first apartment and i'm, like, 33. >> congratulations. >> while they are out here building trust, their colleagues are building homes with a creative mix of public and private financing. >> on behalf of your friends at urban pathways, welcome home. >> thank you, sir. >> i can't wait to check it out. >> reporter: after losing his mother to cancer and his home to a scaling landlord, robert's bipolar disorder could have led to a life on the street but thanks to donors like extell development and a small gov...