BEB Capital and Totem, in partnership with Ofer Cohen and SK Development, have secured financing for a new residential development at 737 4th Avenue in Sunset Park, Brooklyn. The structure will yield 187 residential units with 46 designated as permanently affordable homes with a target average price of 48 percent of the area median income, as well as a ground-level retail space. Walker & Dunlop facilitated the $143 million loan for the 193,000-square-foot, 14-story project.
Permits have been filed for a five-story mixed-use building at 862 55th Street in Sunset Park, Brooklyn. Located between 8th and 9th Avenues, the lot is near the 8th Avenue subway station, serviced by the N and W trains. Li Lan Liao is listed as the owner behind the applications.
Permits have been filed to expand a three-story structure into a six-story mixed-use building at 4913 7th Avenue in Sunset Park, Brooklyn. Located between 49th and 50th Streets, the lot is within walking distance of the Fort Hamilton Parkway subway station, serviced by the D train. Qing Liu is listed as the owner behind the applications.
Industry City, an innovation campus that spans approximately 35 acres in Sunset Park, Brooklyn, has announced the signing of three new industrial leases spanning 33,496 square feet. Industry City currently is home to more than 8,500 workers across more than 550 businesses, ranging from small startups and solo entrepreneurs to large enterprises.
Industry City, a 35-acre innovation campus located on the Sunset Park waterfront in Brooklyn, has announced the completion of construction for the NYU Tisch School of the Arts Martin Scorsese Virtual Production Center. Planned to open to NYU Tisch students in fall 2024, this new facility marks a notable advancement in production education for the school.
Permits have been filed to expand a two-story structure into a six-story mixed-use building at 855 53rd Street in Sunset Park, Brooklyn. Located between 8th and 9th Avenues, the interior lot is near the 8th Avenue subway station, serviced by the N train. Raymond Liu is listed as the owner behind the applications.
Aanika Biosciences, a biotech firm focused on enhancing global food safety and transparency, has opened a new 27,087-square-foot facility at Industry City in Sunset Park, Brooklyn. The opening marks a significant expansion from its initial 900-square-foot space that opened in 2018. The new facility will include offices for the company’s growing team and increased capacity for research and development, wet lab testing, and biomanufacturing.
Industry City, a 35-acre mixed-use complex along the Sunset Park waterfront in Brooklyn, has announced four new lease signings. Kinolime, Dowbuilt, Prudential Insurance, and KYHA Studios will occupy a combined 15,282 square feet through Industry City’s flexible leasing policy, which allows tenants to secure additional space if needed in the future.
On Wednesday, The Brooklyn Public Library and Fifth Avenue Committee celebrated the ribbon cutting for the Sunset Park Library and Apartments, an eight-story mixed-use building at 5108 4th Avenue in Sunset Park, Brooklyn. The first development of its kind, the project combines affordable housing with a public library in a new model for urban development that blends community services with housing needs.