Maywood
Maywood, NJ · Real Estate
jerseydigs.com
Newark’s Ballantine Brewery Site Lands $130 Million Loan for 501 Apartments and Food Bazaar
New York-based real estate development firm Shorewood Real Estate Group and Brooklyn-based retail operator Bogopa Enterprises recently secured a construction loan for the second phase of the redevelopment of the former P. Ballantine & Sons brewery on Ferry Street. The firms secured a $130 million construction loan from Los Angeles-based financial services firm PCCP to build a new seven-story building at 412-426 Ferry Street, including a 57,000-square-foot Food Bazaar.
hoodline.com
Wayne Begins Demolition Of Valley Road Office For 275 Apartments
Demolition of the 126,520-square-foot Wayne office building is underway, and the site is being cleared for 275 rental apartments. The replacement has received conditional approval. The proposal calls for demolishing the office building and its parking and putting up four apartment buildings. The inclusionary project is planned for a 10.95-acre site along the southbound side of Valley Road.
jerseydigs.com
Newark Approves $240 Million Development With 670 Apartments in South Ironbound
The Newark Central Planning Board recently approved the redevelopment of a 116,756-square-foot assemblage at the intersection of Mulberry and Murray streets in the South Ironbound. The project will redevelop nearly an entire block and include an eight-story building with 670 apartments, a parking garage for up to 585 vehicles, and nearly 19,000 square feet of retail space.
Newsweek
New York Post
roi-nj.com
Springfield Gateway breaks ground in Irvington
Developers, public officials and financial partners were on hand to break ground on Springfield Gateway, a $22.7 million development that will bring 48 affordable homes to Irvington, where 10 vacant lots once stood. The event was attended by co-developers Adenah Bayoh of Foya Development Group and Bryan Scotland of Lionheart...
marejournal.com
New York YIMBY
Permits Filed for 1846 Washington Avenue in Tremont, The Bronx
Permits have been filed for a six-story mixed-use building at 1846 Washington Avenue in Tremont, The Bronx. Located between East 175th Street and East 176th Street, the lot is near the Tremont Avenue subway station, served by the B and D trains. Ylli Sufaj is listed as the owner behind the applications.
brickunderground.com
Manhattan median rent neared $5,000 again last month as listings plunged
Manhattan median rent continues to soar while renters compete for fewer apartments. Median rent for new leases increased to $4,965 last month, the second highest on record, according to The Real Deal Rental Report by appraiser Jonathan Miller. He noted that inventory has been falling year over year each month in Manhattan since July 2025, when median rent was $5,000.
connectcre.com
Simone Retains All Original Tenants at 1200 Waters in the Bronx
Simone Development Companies has completed an 8,000-square-foot lease renewal with VNS Health (VNS), formerly the Visiting Nurse Service of New York, for its Bronx regional office at 1200 Waters Pl. The agreement completes a full sweep of long-term recommitments from all three original tenants that joined the building when the Hutchinson Metro Center first opened in 2003.
hoodline.com
Union Square Parking Garage Sells for $44M, Set to Become 22-Story Condo Tower
A vacant nine-story parking garage just steps from Union Square has changed hands for $44 million, clearing the way for a 22-story condominium tower with 52 residences. Tishman Realty sold the long-stalled development site at 110 East 16th Street to Pro-H Group, ending years of uncertainty over what would rise on the Manhattan parcel.
sliceofculture.com
The Jersey Escrow: October Brings Milestones For Longstanding And New Affordable Housing Developments
Photo courtesy of OCA Architects. October brings wins for a 50-year-long project in Newark, revised affordable housing plans in Wayne and two home ownership opportunities in Morristown and Camden. Read all about this and more in this month’s Jersey Escrow—where all your housing information is stored. Housing Opportunities...
New York Post
Mamdani trying to force distressed building owners to sell to nonprofits — even after creditors refuse
Mayor Zohran Mamdani’s effort to steer hundreds of deteriorating Manhattan apartments into nonprofit ownership has hit a wall — after creditors rejected a $110 million offer from a city-backed developer and pushed the buildings into foreclosure auctions. And despite City Hall insisting the fight isn’t over, the administration has yet to publicly explain how it plans to salvage the deal. At Tuesday’s auction, 14 of 15 East Harlem apartment buildings failed to attract outside buyers, with most reverting to plaintiff US Bank National Association for nominal bids of $500 apiece. One went for $1,000. Mayor Zohran Mamdani’s effort to steer distressed East Harlem apartments into nonprofit ownership has stalled. Gregory P. Mango for The NY Post The building at 417 E. 114th St. sold for $826,000 at Tuesday’s foreclosure auction. Google Maps The only building to draw an outside bidder, at 417 E. 114th St., sold for $826,000 — just $1,000 above the minimum bid and far below its original $1.9 million loan. Nithya Raman’s failed micro-state shows what the next four years hold The properties are part of a troubled 38-building portfolio containing roughly 850 apartments, most of them rent-stabilized, that was previously owned by Emerald Equity Group. The