Pizzarotti replaces troubled concrete company at 161 Maiden Lane

After a series of construction delays and accidents, a new concrete subcontractor will takeover at Fortis Property Group’s 161 Maiden Lane. The project’s general contractor, Pizzarotti, replaced SSC High Rise Construction with RC Structures, documents filed with the city’s Department of Buildings show. The change follows a series of issues on the construction site, largely[…]

Dutch pension fund invests in Tishman Speyer’s Hudson Yards tower

A Dutch pension fund is one of nearly a dozen investors who collectively hold about two-thirds of the equity in Tishman Speyer’s $3.7 billion Hudson Yards office development. Entities controlled by Tishman Speyer earlier in April transferred nearly 63 percent of the equity in its 2.8 million-square-foot Spiral project to 11 limited partners in a[…]

City declines to landmark church in Flatbush, clearing way for demolition

The city’s Landmarks Preservation Commission has decided not to landmark the Baptist Church of the Redeemer in Flatbush/Ditmas Park, giving the owners a clear path to demolish the structure and replace it with a nine-story supportive housing building. The church is partnering with affordable housing developer Mutual Housing Association of New York to construct a[…]

Lehmann Maupin pays “record breaking price” for gallery space at the Getty

Art gallery Lehmann Maupin closed on the gallery space at the Getty condominium development in West Chelsea, paying $27 million, records filed with the city Monday show. The signatory on the deed is Ziggy Rutan, a Florida-based developer and real estate consultant who represented the Lehmann Maupin on the purchase. The property, one of West[…]