Brooklyn-based developer Totem on Thursday released an updated iteration of its plan to transform a privately owned two-acre site around Broadway Junction into Herkimer-Williams, a mixed-use hub. The updated plan, which will continue to evolve as Totem’s community and stakeholder engagement process proceeds, now includes as many as 1,000 affordable housing units, up from the original 600; 440,000 square feet of office, down from 750,000; and the preservation and enhancement of Herkimer Street, among other revisions.
“Our team is deeply encouraged by the feedback we’ve received on the initial Herkimer-Williams proposal over the past few years in our outreach to the community,” said Vivian Liao, co-founder and principal of Totem. “We will continue to seek input from local stakeholders and look forward to presenting a final ULURP proposal that genuinely serves the residents of East New York.”
In December 2023, a public hearing at the New York City Department of City Planning formally launched the environmental review process to study the project and its impact. Totem has now submitted its Land Use Application to City Planning, noting the updated plans. ULURP certification is anticipated later this spring.
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...
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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...
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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...
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