Hot off the purchase of $85 million in air rights, and with a new construction loan of $860 million in tow, Hines is back on track to bring the Jean Nouvel-designed MoMA residential tower to fruition. According to TRD, Hines just closed on two deals to buy more than 240,000 square feet of development rights from MoMA and the St. Thomas Episcopal Church for $85.3 million.
Back in 2012, when Magnum Real Estate‘s Ben Shaoul announced plans to turn the Cabrini nursing home in the East Village into condos, more than a handful of “Sledgehammer Shaoul” flags went up in protest. Plans moved ahead despite public outcry, and now more than two years later, the former nursing home has transformed into a luxury residential building called Bloom 62. Although not much has been done to dress up the exterior, the 26-unit condo is no slouch and boasts a number of enviable luxuries, including a landscaped roof deck and gym. But Bloom 62’s most valuable amenity may be what sits on its ground floor: a school.
Downtown Brooklyn’s most talked about new development—and tallest tower—has just announced the launch of its ‘Penthouse Collection’. Located at 388 Bridge, 40 penthouses ranging from 1,144 square feet to 2,371 square feet on floors 45 through 53, have been priced at $1.742 million and up. The units offer up 360-degree views looking out to Manhattan, Brooklyn and Queens, and several residences have been set up as duplexes with outdoor terraces.