The Davis Companies, in partnership with Eloise-Capital, has signed Little Legacy Village Preschool to occupy the ground-floor retail space at 1975 Madison, an eight-story luxury residential building in Central Harlem. The lease represents the final component of the project’s completion, with the preschool slated to open later this year.
Little Legacy Village Preschool is an early childhood education center for children aged two to four. The 1975 Madison location will be its second in Harlem, complementing its existing facility at 275 W. 146th St.
“1975 Madison is the result of true collaboration with our design, construction and leasing partners, culminating in the delivery of new top-quality, community-centric living options in central Harlem,” said Stephen Skolas, Managing Director and Head of Residential Development at Davis and a lead for the firm’s Multifamily Vertical. “Welcoming Little Legacy Village Preschool to the ground floor is especially meaningful, as it brings a family-focused, community-serving use into the building and enhances the everyday living experience for residents and neighbors alike.”
Ariel Property Advisors closed the $21-million sale of a development site at 566 Grand Ave. and 836 Dean St. in Prospect Heights, Brooklyn. The corner development site comprises approximately 86,065 buildable square feet and traded for approximately $244 per buildable square foot. The transaction was arranged by Ariel partner Sean R. Kelly along with associate...
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Marcus & Millichap arranged the sale of Knott-Orange Apartments, a 35-unit multifamily property located at 515 S. Knott Ave. in Anaheim. The property sold for $9.65 million, or $275,714 per unit. “This transaction marked the fourth closing from a larger Anaheim-area multifamily portfolio as the seller continues to reposition its holdings through a 1031 exchange...
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JLL Capital Markets arranged $135 million in construction financing and joint venture equity for the development of The Ibex at Ridge Hill, a 282-unit luxury multifamily community at the Ridge Hill mixed-use lifestyle center in Yonkers. Senior managing directors Evan Pariser and Aaron Niedermayer and director John Lowe arranged the senior construction loan with Bank...
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