Max Gillespie

3 days ago | newyorkyimby.com | Max Gillespie

New Jersey Community Capital has finalized an $8.5 million New Market Tax Credit loan to support the construction of The Hip Hop Museum at 585 Exterior Street in Mott Haven, The Bronx. The project will anchor Bronx Point, a 585,000-square-foot mixed-use complex along the Harlem River. The Hip Hop Museum, which is being developed in partnership with L+M Development Partners, is the first global institution dedicated to Hip Hop culture and history.

4 days ago | newyorkyimby.com | Max Gillespie

Tishman Speyer has completed its acquisition of 148 Lafayette Street, a fully leased 12-story office building in Soho, Manhattan. The 153,000-square-foot property marks the firm’s first office purchase in New York City since 2019 and its first nationwide since 2021. Tishman Speyer acquired the building from EPIC for $105.5 million, with partial financing provided by a $68.3 million loan from Blackstone. The property is located at the corner of Howard Street.

5 days ago | newyorkyimby.com | Max Gillespie

New York City recently completed a $23 million revitalization of nearly 3 acres of public space across six NYCHA developments in Brooklyn, Queens, and The Bronx. The city’s investment included full playground reconstructions and landscaping improvements at Redfern Houses, Pomonok Houses, and Woodside Houses in Queens; Watson and Sotomayor Houses in The Bronx; and Kingsborough Houses in Brooklyn.

6 days ago | newyorkyimby.com | Max Gillespie

The New York City Department of Housing Preservation and Development (HPD) has released its first report on the results of the new the 485-x Affordable Neighborhoods for New Yorkers Tax Incentive program, which launched in January. Introduced following a housing legislative package passed in Albany in April 2024, the 485-x program replaces the former 421-a incentive and is designed to stimulate residential development while ensuring deeper levels of affordability.

1 week ago | newyorkyimby.com | Max Gillespie

The New York City Council has approved the Atlantic Avenue Mixed-Use Plan, a neighborhood rezoning initiative that will bring approximately 4,600 new homes and 2,800 permanent jobs to a 21-block stretch of Atlantic Avenue in Central Brooklyn. Spearheaded by the Adams administration and the Department of City Planning (DCP), the plan targets areas spanning Crown Heights and Bedford-Stuyvesant, and includes around 1,900 income-restricted affordable units.