Genesis Companies has secured $669 million in financing to rehabilitate Rangel Houses, a 984-unit public housing complex in New York City, Commercial Observer can first report. Berkadia provided $219 million in first-mortgage debt that is backed by Fannie Mae, while the New…
Ever drive past a construction site and wonder what's going on? From housing and hospitals to massive warehouses and entertainment venues, major developments are changing Long Island. Explore 20 projects on our interactive map to see what's planned, where things stand…
11:13 PM / Tuesday November 3, 2026 Approximately 3,000 Philadelphians live in Neighborhood Restorations properties and are at risk of being displaced. Advocates emphasized that 200 of the 925 units have expired tax credits as of June 2026; a portion of the portfolio sits in the 192nd district with…
A joint venture between Lonicera Partners and Rabina has secured $226 million to refinance 55 Willoughby, a 43-story multifamily complex in Downtown Brooklyn, Commercial Observer can first report. Affinius Capital provided the bridge debt, which will finance the 295-unit property through lease-up…
Aspen Lofts is set to include 18 rental residences broken down into seven one-bedroom units, eight two-bedroom units, and three three-bedroom units, per the same outlet's report. The Washington Street-facing side of the building will carry 6,478 square feet of ground-floor commercial…
A parking garage sitting in the shadow of the Queensboro Bridge could soon disappear, as a proposed air-rights deal makes way for a residential tower at 403 East 60th Street in Manhattan. The site's owner, Shalimar Management, is looking to sell the…
The St. Clair Brings Affordable Apartments and Commercial Space to Downtown Yonkers Near Metro-North The St. Clair builds on the State’s efforts to expand housing opportunities near transit hubs and commuter railroad lines. It is a short walk to the…
NYCHA plans to work with private developers to demolish and rebuild the Chelsea Houses, which would then be transferred to private management. John Smith/VIEWPress And yet, the land occupied by public housing is being presented as an opportunity for…
A nine-story residential building with 96 apartments is on paper for 488 Leonard Street in Greenpoint, Brooklyn, after new permit filings surfaced this week. The proposed structure would climb 95 feet on a lot between Driggs Avenue and Engert Avenue. It's another sign…
Gallery KBNY is a full-service design-build firm renovating co-ops, condos and townhouses across Manhattan. Since 2013 we’ve handled architecture, design, permitting and construction under one contract and one upfront price. We build what we draw, so design quality decides how every…
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