The New York City Council has approved the Uniform Land Use Review Procedure for Totem’s Herkimer-Williams proposal. The mixed-use hub in Brooklyn’s East New York neighborhood will add up to 1,000 rental units, along with up to 114,000 square feet of retail, 400,000 square feet of commercial and 110,000 square feet of industrial space.
Vivian Liao, co-founder and principal of Totem, said the vote marks “a historic milestone not just for Herkimer-Williams, but for the future of East New York. From day one, our goal was to build a project that truly reflects the aspirations of this community. This approval is the result of over five years of dialogue and more than 100 meetings with residents and stakeholders.
“We are incredibly grateful to the City, Council Member [Sandy] Nurse, the Borough President and all our local partners for trusting us to deliver a development that brings equity, opportunity and lasting growth to the neighborhood.”
BLDG Management Co., Inc announced that The Orchard, Queens’ tallest tower, has surpassed 90% leased across its 824 residences nine months after launching residential leasing. The milestone occurs as the 70-story Long Island City development recently signed its first three retail tenants: K-beauty brand Tokimo, Japanese tea and beverage brand Mollytea and financial technology platform...
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Leyden Senior Apartments, a new four-story independent senior living development in Franklin Park, recently opened. Located at 2506 N. Mannheim Road, Leyden Senior Apartments offers one- and two-bedroom residences. The adjacent newly constructed Carl Fiorito Senior Center will be available to the entire community. Owned by Leyden Apartments LP, Leyden Senior Apartments was designed by...
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Northmarq’s Investment Sales team, led by Bobby Schiavone, Jordan Arand and Adam Klenk, led the sale of The Bend Apartments, a 312-unit garden apartment community located at 1909 Greentree Blvd. in Clarksville, Indiana. Northmarq represented the seller, a regional multifamily developer. The buyer was a private investor. “The Bend generated significant investor demand, further proving...
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