Commercial Observer

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Butterfield Market to Open 10K-SF Long Island City Location

FEB 26, 2024

Butterfield Market, a family-owned grocery store, is set to expand into Queens, marking the first time in its 109-year history. The Upper East Side-based market signed a long-term lease for 10,055 square feet in Long Island City's Rise LIC building. The move is part of Butterfield Market's expansion efforts, having opened a second Upper East Side location in 2020 and a sushi market in 2022.

Lux Exposé

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Luxury Residential Developments in Miami Leading the Fitness Frontier

SEP 29, 2023

Cove Miami, situated in the thriving Edgewater community, stands out with its unique amenities, including an invigorating cold plunge aimed at relieving muscle soreness and enhancing circulation. This distinctive wellness focus extends to a dedicated sauna experience, highlighting the development's commitment to a holistic approach that emphasizes balance and well-being for its residents.

PROFILEmiami

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SB Development And Hazelton Capital Group Launch Kobi Karp-Designed Cove Miami Waterfront Condo in Edgewater

JUN 7, 2023

New York-based development firm SB Development, in partnership with Hazelton Capital Group, has launched sales for Cove Miami, a luxurious waterfront condominium in the rapidly growing Edgewater neighborhood of Miami. This marks SB Development and Hazelton Capital Group's first venture in Miami, offering a boutique living experience with 116 units ranging from 2 to 4 bedrooms and prices starting at $1.3 million. The 40-story development, occupying approximately 450,000 square feet, features architecture by Kobi Karp and Dieguez Fridman, interiors curated by Dieguez Fridman, and expansive floor-to-ceiling windows providing stunning views of Biscayne Bay and the city. Cove Miami distinguishes itself with an emphasis on wellness amenities, including a state-of-the-art fitness center, spa, infinity pool, meditation garden, and rooftop bar. The development aims to contribute to Edgewater's transformation into a hub of luxury living, catering to residents seeking a blend of urban and waterfront lifestyle.

NEW YORK YIMBY

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NOVA Granted Temporary Certificate Of Occupancy At 41-05 29th Street In Long Island City, Queens

MAY 9, 2023

SB Development's NOVA, a high-rise condominium in Long Island City at 41-05 29th Street, has received a Temporary Certificate of Occupancy from the NYC Department of Buildings. The Fogarty Finger-designed building features 86 apartments, ranging from studios to three-bedroom layouts, with amenities such as a fitness center, resident lounge, children’s playroom, and a two-story roof deck. Over 60% of the condos have been sold, and move-ins are anticipated soon, with Modern Spaces serving as the exclusive sales and marketing team. Prices for the remaining two-bedroom homes start at $1,150,000.

NEW YORK YIMBY

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NOVA Nears Completion At 41-05 29th Street In Long Island City, Queens

APR 29, 2023

Exterior work on NOVA, a 24-story residential building at 41-05 29th Street in Long Island City, is nearing completion. Developed by SB Development Group and designed by Fogarty Finger, the Flatiron-esque structure features 86 condominium units ranging from studios to three-bedroom layouts. The building, with a warm-hued terracotta façade and floor-to-ceiling windows, also includes ground-floor retail space, a rooftop deck, and various amenities, and is expected to achieve full completion by the end of spring, following the imminent issuance of its Temporary Certificate of Occupancy.

The Real Deal

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SB Development, Hazelton Capital score $62M loan for LIC condo tower

DEC 7, 2022

SB Development and Hazelton Capital Group, led by Joseph Stern, have secured a $62 million condo inventory loan from Northwind Group for their Long Island City luxury development, Nova. The 86-unit project at 41-05 29th Street is over 90% complete, with a temporary certificate of occupancy expected in a few months. The loan will aid in completing the project and selling the remaining units, demonstrating Northwind's active involvement in providing condo inventory loans for developers.

NEW YORK YIMBY

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Housing Lottery Launches For Rise LIC At 29-17 40th Avenue In Long Island City, Queens

JAN 21, 2022

The affordable housing lottery has been initiated for Rise LIC, an 11-story mixed-use building in Long Island City, Queens, offering 31 units for residents with incomes ranging from 80 to 130 percent of the area median income. Developed by SB Development and designed by Fogarty Finger Architects, the residences feature various amenities such as a rooftop terrace, gym, dog washing station, and more, with monthly rents starting from $1,486 for studios.

NEW YORK YIMBY

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Excavation Begins At 29-15 40th Road In Long Island City, Queens

DEC 26, 2023

Construction has commenced at 29-15 40th Road in Long Island City, Queens, marking the beginning of a new residential building project. Designed by Fogarty Finger Architects and developed by SB Development, the project includes the adjacent lot at 29-13 40th Road, acquired for $8.7 million. Owned by 29-15 40 RD LLC, with Alba Services Inc. as the demolition contractor, the site was formerly occupied by a low-rise industrial structure, now cleared for development. Located between Queens Plaza and 39th Avenue-Dutch Kills stations, the project adds to SB Development and Fogarty Finger Architects' portfolio, alongside NOVA at 41-05 29th Street and Rise LIC at 29-17 40th Avenue. Further details and renderings are forthcoming.

6sqft New York City

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Excavation Begins At 29-15 40th Road In Long Island City, Queens

MAY 31, 2017

located at 209 Havemeyer Street, is set to introduce a 23-story mixed-use tower, named "the Dime," at the site anchored by the Neoclassical-style Dime Savings Bank of Williamsburgh building. Developers Tavros Capital, Charney Construction & Development, and 1 Oak Development are leading the project, preserving and integrating the historic bank building into the podium. With 178 rental apartments, 40,000 square feet of ground floor retail, and 100,000 square feet of Class A office space, the project aims to redefine the neighborhood's skyline. Fogarty Finger Architects have filed permits for the sleek tower, offering amenities such as a full-time doorman, landscaped outdoor space, and convenient access to transportation despite the impending L-train shutdown. Anticipated completion is slated for Spring 2019, marking a significant addition to Williamsburg's landscape amidst its ongoing growth wave.

The Real Deal

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SB Development completes bulk condo purchase in Edgewater

AUG 19, 2022

located at 209 Havemeyer Street, is set to introduce a 23-story mixed-use tower, named "the Dime," at the site anchored by the Neoclassical-style Dime Savings Bank of Williamsburgh building. Developers Tavros Capital, Charney Construction & Development, and 1 Oak Development are leading the project, preserving and integrating the historic bank building into the podium. With 178 rental apartments, 40,000 square feet of ground floor retail, and 100,000 square feet of Class A office space, the project aims to redefine the neighborhood's skyline. Fogarty Finger Architects have filed permits for the sleek tower, offering amenities such as a full-time doorman, landscaped outdoor space, and convenient access to transportation despite the impending L-train shutdown. Anticipated completion is slated for Spring 2019, marking a significant addition to Williamsburg's landscape amidst its ongoing growth wave.

QNS

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Long Island City luxury condo NOVA complete, to begin sales launch late January

JAN 25, 2022

NOVA, Long Island City's newest luxury condo development, has reached completion and will commence unit sales later in January. Designed by the award-winning architecture firm Fogarty Finger and developed by SB Development Group, the 24-story boutique condominium offers 86 studios, one-, two-, and three-bedroom units, along with ground-floor retail space. Amenities such as a fitness center, rooftop deck, and park front entrance provide residents with an urban oasis just minutes from Manhattan. Prices for the units, starting at $600,000 for studios, $760,000 for one-bedrooms, and $1.15 million for two-bedrooms, are yet to be announced, but the project has attracted significant attention amid Long Island City's ongoing transformation into one of NYC's most sought-after neighborhoods.

MHN

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Long Island City luxury condo NOVA complete, to begin sales launch late January

DEC 8, 2022

SB Development and Hazelton Capital Group have secured a $62 million first mortgage completion loan from Northwind Group to finalize their luxury condo development, NOVA, in Long Island City. The 86-unit project will feature stainless steel appliances, glass showers, and Manhattan skyline views, alongside amenities such as a fitness center and rooftop deck. Additionally, SB Development is actively involved in other mixed-use projects across Queens, including one with affordable housing units.

MIAMI TODAY NEWS

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631-unit tower plans 125 micro-units, 1,000 bike spaces

AUG 29, 2023

Developers are planning a 42-story mixed-use residential tower in Miami's Omni Community Redevelopment Agency (Omni CRA) district. The project, owned and developed by 16th Street Partners LLC, will feature 631 residential units, including 125 micro-units, along with ground-floor retail spaces and amenities such as a fitness center and rooftop deck. The tower, designed by Corwil Architects, aims to enhance the pedestrian realm and provide extensive amenities for residents. Additionally, the project includes 14% affordable housing units and seeks several waivers from city codes to accommodate reduced parking requirements and other design elements. The Urban Development Review Board has recommended approval of the project, praising its design and functionality.

BISNOW

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New York Developers Launch First Miami Project In Edgewater

JUN 7, 2023

New York developers SB Development and Hazelton Capital Group have initiated sales for Cove Miami, a 40-story condominium project situated along Biscayne Bay in Miami's Edgewater neighborhood. This marks the beginning of their joint venture's planned $1 billion South Florida development pipeline, reflecting a strategic move to capitalize on the migration of residents from New York to the region.

THE NEXT MIAMI

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Construction Permit For 42-Story Tower Completes First Review Cycle

MAR 27, 2024

The construction and demolition permits for a 42-story tower in Miami, with Kaufman Lynn as the contractor, have progressed through initial stages of review. The tower, designed by Corwil and developed by 16th Street Partners, LLC, will feature 631 residential units, 5,761 square feet of retail space, and eight levels of parking, with potential for a second tower on an adjacent site.

NEW YORK YIMBY

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New Rendering Revealed For 29-15 40th Road In Long Island City, Queens

APR 2, 2024

An upcoming 12-story residential building in Long Island City, Queens, designed by Fogarty Finger Architects and developed by SB Development, has revealed a new rendering showcasing an industrial-inspired design. The project, owned by LIC 40th Avenue Owner LLC and with SBGC LLC as the general contractor, features metal paneling framing floor-to-ceiling windows, likely for retail frontage, with excavation already underway at the site.