Archinect - News

New York developer receives $92 million loan to complete project believed to be the largest speculative office building in Brooklyn's Midwood neighborhood

2022-05-10T18:23:00-04:00

A New York developer has scored a $92 million loan to finish a project which is billed as the largest speculative office building in Brooklyn’s Midwood neighborhood.

The construction loan was granted to Baruch Singer, whose Triangle 613, LLC will use the funding to develop a 10-story, 215,379-square-foot Class A office and retail building located at 1497-1538 Coney Island Avenue in Brooklyn, New York. The loan from private lender Parkview Financial came mid-construction. The development is approximately 35 percent underway, with completion expected in October 2023. As detailed by Parkview Financial Founder and CEO Paul Rahimian, the financing will be used to pay off two existing loans on the project with the remainder going towards completing construction.

According to the lenders, more than 30% of pre-leasing commitments are already in place, with the project garnering a variety of tenant prospects including a co-working office, medical office, health and wellness spaces, a restaurant, and supporting ancillary commercial retail uses.

NYC's 10 largest property owners controlling the city landscape

2018-09-17T14:53:00-04:00

Earlier this month, The Real Deal put out a monster analysis looking at the biggest property owners across the city based on square footage, along with their annual net operating income. Their thorough analysis is definitely worth a read, but right here we’re going to give you a breakdown of the top 10 biggest property owners in the city, and some of the projects you might recognize them for.

Curbed New York has put together a list of the top real estate players in NYC along with some of their notable projects in the city. Below are the top 10 property owners controlling NYC's built environment:

1. The City of New York
2. Vornado Realty Trust
3. SL Green Realty
4. Tishman Speyer
5. Blackstone Group
6. Related Companies
7. Columbia University
8. Brookfield Property Partners
9. RXR Realty
10. New York University

Largest building in the world opens in China – complete with indoor seaside

2013-07-10T12:40:00-04:00

A 100m tall cliff-face of blue mirrored glass, stretching 500m along a triumphal plaza, the New Century Global Centre houses an entire seaside resort, along with a 14-screen Imax cinema, Olympic-sized ice rink, two five-star hotels and its own Mediterranean shopping village – all wrapped with a vast ribbon of offices. Sprawling for 1.7m square metres, it could fit 20 Sydney Opera Houses beneath its glass roof.

Mayor Bloomberg Unveils Plans To Build World's Tallest Ferris Wheel

2012-09-27T19:55:00-04:00

Mayor Bloomberg today will unveil plans to transform Staten Island’s waterfront by building the world’s largest Ferris wheel along with a new retail complex and hotel on sites adjacent to Richmond County Bank Ballpark in St. George. The New York Wheel will be built just to the north of the ballpark and be 625 feet tall – 84 feet higher than the Singapore Flyer, currently the tallest Ferris wheel in the world.

Moscow's Observation Wheel

2011-11-22T16:40:21-05:00

In a bid to bolster tourism in Moscow, plans are underway to build what could become the tallest observation wheel in the world. The graphic below breaks down the proposed wheel, possible locations and compares it to other giant observation wheels in the world.