Lendlease has begun pre-leasing at The Riverie, located at 18 India St. in the Greenpoint neighborhood of Brooklyn. With opening slated for October, The Riverie is an all-electric residential development with 834 rental apartments and what is reportedly the largest high-rise geoexchange system in the country.
“The Riverie comes online at a moment when demand for thoughtfully designed, sustainable waterfront living in Brooklyn has never been stronger,” said Layth Madi, SVP, director of development management and operations, New York, Lendlease. “With its scale, climate resilience and industry-leading geothermal system, The Riverie is designed to set a new benchmark for urban living that’s both future-proofed and deeply connected to Greenpoint’s vibrant character.”
Spanning an entire city block along the East River, The Riverie features two residential towers rising 37 and 20 stories, as well as a mid-rise podium with frontages along India, West and Java streets. Residences range from studios to three-bedrooms.
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The development team behind One Beverly Hills (1BH) said construction on the $10-billion luxury mixed-use project is proceeding ahead of schedule. The Beverly Hilton expansion structure topped out approximately 10 weeks ahead of schedule and one of the residential towers is progressing six weeks ahead. “This was accomplished while significant operations were maintained at The...
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Northwind Group has originated a $231-million first mortgage construction loan for 675 Third Ave., a 32-story, 337,000-square-foot office building in Manhattan’s Midtown East neighborhood that is slated for conversion into residential apartments. The conversion is being led by a joint venture between Nathan Berman’s Metro Loft Management and David Werner Real Estate Investments. Loan proceeds...
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Rental housing affordability declined in 82% of U.S. metropolitan areas between 2014 and 2023, with renters experiencing the equivalent of an average $256 annual reduction in income after accounting for changes in housing quality. That’s according to a new report released Tuesday by the Mortgage Bankers Association’s Research Institute for Housing America. The report, Housing...
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