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Bronx distribution center sells for $117M
Buyer CenterPoint bets on its proximity to Manhattan
New York /
TRD Staff
A Bronx industrial deal paid off for its investors.
A joint venture between Goldman Sachs Asset Management and Blumenfeld Development Group sold a 145,144-square-foot logistics facility at 1080 Leggett Avenue in Hunts Point to CenterPoint Properties for $116.5 million. That’s three times more than the $38.5 million that the investors paid two years ago, Commercial Observer reported.
“The location of 1080 Leggett Avenue in the southwest corner of Hunts Point is logistically strategic, and the asset is Class A by boroughs’ standards,” CenterPoint’s Investment Officer Mac Lee said in a statement to the outlet. “1080 Leggett’s last-mile distribution functionality and premiere proximity to M
BIG reinterprets a 100+ year zoning law in the heart of Harlem
The Smile. South Model Unit. Image by Pernille and Thomas Loof.
NEW YORK, NY
.- The Smile, designed by BIG-Bjarke Ingels Group, is a mixed-use residential development introducing affordable housing units alongside market rate rentals, set within the vibrant Harlem streetscape.
In 1912, the Equitable Building in Lower Manhattan was designed to be the largest building that could fit its site and rose skywards from the street lot-line without any setbacks. The building has since served as the prime example of the perils of unregulated development and as a result, the first building regulation in the United States was born. The landmark 1916 Building Zone Resolution enforced the construction of stepped façade towers in order to allow light and air back into the streetscapes. BIGs reinterpretation of the resolution is demonstrated in The Smile with its scalloped façade. Draped between two existing buildings, The Sm
Residential building brings a BIG Smile to New York
Thomas Loof and Pernille Loof View 11 Images 1/11
The Smile s rooftop terrace area includes one swimming pool and three hot tubs for residents to enjoy
Thomas Loof and Pernille Loof 2/11 The Smile’s facade takes inspiration from the textured surface of the moon, and blends with the black and red brick of the existing buildings in the neighborhood, says BIG
Thomas Loof and Pernille Loof 3/11
The Smile s colorful lobby is inspired by Harlem’s Puerto Rican and Caribbean-influenced culture and history
Thomas Loof and Pernille Loof 4/11
Thomas Loof and Pernille Loof 5/11
Thomas Loof and Pernille Loof
The Smile by BIG in New York has a chequerboard facade and rooftop pool
The Smile by architecture firm BIG is a mixed-use development in New York s Harlem neighbourhood with a stainless-steel facade designed to recall the textured surface of the moon .
Named for its curved frontage, The Smile at East 126th Street contains a nursing school at ground level and 223 residential apartments above.
Apartments have floor to ceiling windows
A chequerboard facade alternates between blackened stainless-steel panels and full-height glazed windows for the apartments.
On the rooftop, hot tubs, a swimming pool, candy-coloured loungers and lawns have views over the city.