For those living in the Big Apple, there is never a shortage on new real estate news to keep area residents interested. One of the biggest new pieces of New York real estate news to hit the city in the past few weeks, is news on a surprising new building set to hit the popular neighborhood of Brooklyn. Once complete, the structure will be adding exciting new heights to the Brooklyn skyline and will become the tallest building in the area. The project will be taking place at 420 Albee Square and is being headed by JEMB Realty. The company is planning a 751,548 square foot mixed use building that will eventually rise more than 65 stories. Once completed the building will be taller than 388 Bridge Street, the current largest residential tower in the popular borough. The building will eventually have 620 units and 271,203 square feet of commercial space.
Meanwhile, New York real estate news outlets have also been buzzing about the much talked about redevelopment of the Domino Sugar Factory. According to reports, Two Trees Management has filed an application to construct a new 16-story residential building at the site. According to the plans, the completed project, which is underway at 325 Kent Avenue, will hold 522 units. There will also be 9,3000 square feet of commercial space as well as a 1,822 square foot size community facility.
This is not the only redevelopment project to become part of the New York real estate news cycle either. The Lam Group has revealed that they have plans in the works to redevelop the site of Harlem’s Victoria Theater. The popular landmark is located at 233 West 125th Street. The mixed use development will have 191 housing units that will stretch across 172,067 square feet of residential space. There will also be a hotel on the site. The Victoria Theater will be integrated into this exciting new plan, and the developers plan on leaving the structure’s original frontage on 125th Street in its original condition.
With exciting new New York real estate developments such as this in the work, there are plenty of new opportunities on the horizon for those looking to call NYC home.
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