ArchiWise tracks 14 stories about real estate, zoning, permitting, and policy in New York, Kings County, New York. We surface the local decisions (rezonings, council debates, infrastructure investment, hazard mapping updates) that change how property gets built and bought. Updated as new coverage publishes.
A recent TerraCRG-sponsored conference in Brooklyn explored the implications of Mayor Zohran Mamdani's new rent freeze and the ongoing retail transformation of Fulton Street, highlighting key challenges and opportunities for developers and investors.
Read articleNews from New York, Kings County, New YorkJLL has successfully negotiated the $31 million sale of Kingswood Center, a substantial 226,130-square-foot mixed-use property situated in Brooklyn's Midwood neighborhood. The firm also arranged acquisition financing for the buyer in this significant transaction.
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Discount retailer Burlington Stores has signed a 10-year lease for over 31,000 square feet at 25 Navy Street, a two-story development within Steiner NYC's Admirals Row campus in the Brooklyn Navy Yard, with an opening slated for fall 2027.
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Education nonprofit Runway Green has secured a 60-year lease from the National Park Service to develop a $60M learning ecosystem on 7 acres at Floyd Bennett Field in Brooklyn. The project will include an urban farm, a public high school, and career training focused on clean energy and decarbonization for up to 50,000 New York City students.
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A former industrial property in Brooklyn's Park Slope, previously rezoned for residential use, has been acquired by Goose Property Management for $55 million, paving the way for a significant housing project.
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Developer New Empire has obtained $75 million in construction financing, including senior and mezzanine loans, for a nine-story residential building at 757 Flatbush Avenue in Brooklyn. The project will feature 131 residences and commercial space in the Flatbush neighborhood of New York City.
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Borough Developers has closed on the acquisition of the 33,153-square-foot Bridge & Fulton Development Site in Downtown Brooklyn for $83.5 million, with plans to construct a mixed-use project featuring 468 residential units.
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Harbor Fitness signed a 25-year lease for 20,000 square feet at Gaama Partners' 3460 Nostrand Avenue in Sheepshead Bay. The deal closed concurrently with the landlord's $5.1 million property purchase.
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Watermark Capital Group has secured a $16.48 million construction loan from Genesis Capital to convert a former Catholic school at 560 Sterling Place into housing and community facility space.
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Two independent supermarkets signed 20-year leases across 16,400 square feet at new residential towers in Prospect Heights, leveraging New York City's FRESH zoning incentive program.
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Developer David Grunfeld secured a $45 million leasehold construction loan to build a 17-story, 99-unit residential project on ground-leased church land in Brooklyn. The development will incorporate affordable housing under New York City's 485-x tax incentive program.
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Coney Island Preparatory Public Charter School has signed a 39-year leasehold agreement to build a new high school facility in Brooklyn. The 45,190-square-foot space at Elie Fouerti's 773 Neptune Avenue will accommodate 500 students upon opening in summer 2027.
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Launch Expeditionary Learning Charter School has executed a 15-year lease for a 77,000-square-foot former parochial school campus in Brooklyn's Sunset Park neighborhood.
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Terreno Realty has acquired a 28,000-square-foot industrial property in Red Hook, Brooklyn, for $26.3 million from LBA Properties. This transaction highlights the rapid appreciation in the industrial sector, as LBA had purchased the asset for $7 million less than two years prior.
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