Hudson Companies, Housing Works and Broadway Builders have topped out construction on The Lirio, a 145,000-square-foot development with 112 permanently affordable apartments at the corner of 54th Street and Ninth Avenue in Hell’s Kitchen. Completion is scheduled for fall 2027.
The development will also feature roughly 30,000 square feet of office space for the Metropolitan Transportation Authority (MTA) and 7,000 square feet of retail. “As New York City continues to face a housing crisis, we’re proud to deliver a project that addresses a wide range of urgent needs — supportive and affordable housing at varying income levels, MTA office space that will help modernize the subway system and neighborhood retail, all within a sustainable building,” said David Kramer, president of Hudson Companies.
The Lirio was designed by CetraRuddy Architecture and built in partnership with the New York City Department of Housing Preservation & Development, the MTA and other partners. The development is planned to meet Passive House standards.
Lincoln Property Company and McCourt Partners have broken ground for ElevenOneEleven, a new mixed-use development in Culver City. The groundbreaking occurred three weeks after Lincoln and McCourt announced $133 million in construction financing from Bank OZK. Set to rise on a vacant parcel, ElevenOneEleven will deliver 344 rental apartments, including 52 affordable units, along with 2,000 square...
Learn more
Logisco is stripping back the amenity race with a $60M Quebec City apartment development aimed at renters who would rather pay less each month than fund pools, gyms and other extras. The developer has started construction on 193 apartments at 7075 Wilfrid-Hamel Blvd., the first project under its new Elie rental brand. The 10-storey building...
Learn more
Virtus Diversified REIT has purchased a 91-suite retirement residence in Hamilton for $26M, expanding its seniors housing portfolio. The acquisition of Abington Court Retirement Residence at 1500 Main St. E. closed Nov. 3. The independent living property opened in 2005 and added 20 suites in a 2018 expansion. Located west of the Red Hill Valley...
Learn moreRe/Max Real Estate Professionals
Central CA Commercial | California
Recckio Real Estate & Development
Northgate Real Estate Group
California
California