New Developments Transforming Manhattan and Brooklyn

News Summary

New York City is witnessing significant changes with the Union Square Eye Center relocating to a new space in Manhattan, while the Phillips Club on Broadway has changed ownership. In Brooklyn, a retail property in Williamsburg has been sold, and across the river, The Reserve at Estuary in Weehawken promises to introduce 218 new residences. These shifts highlight the vibrant real estate landscape and the exciting growth taking place in the city.

Exciting Changes in Manhattan’s Union Square and Brooklyn!

Hey there, New York City! The buzz around town is all about new developments that are shaking things up! One of the latest highlights comes from the Union Square Eye Center, which is making a big move to a brand-new spot in Manhattan! If you’re near 32 Union Square East, keep an eye out for their shiny new setup. They’ve secured a lovely space of 8,884 square feet where they will serve the community for the next 15 years as part of a deal that’ll have them paying about $59 per square foot. This relocation is a part of a larger wave of exciting changes happening across the boroughs.

Who’s Involved?

The S. Klein Family is the key landlord in this venture, and they seem excited about the new tenants moving in! On the brokerage side, we have the dynamic team from Resolution Real Estate representing the landlord, while Norman Bobrow & Co. comes in for the tenant—the Union Square Eye Center itself. Their partnership exemplifies how teamwork can pave the way for urban growth and progress!

Hospitality Shifts in the Skyline

Broadway! The Phillips Club at 1965 Broadway has switched hands for a hefty $29 million! The property, made up of 46 timeshare units, was sold by Westbrook Partners and is now in the hands of James Alban. This transaction continues to underline how the hospitality sector is buzzing in this vibrant city. We can’t wait to see what updates or changes he’ll bring to this iconic spot!

Brooklyn’s Retail Scene is Heating Up

Williamsburg, there’s some retail news that will surely catch your attention. The property located at 107 N. Sixth St. has been sold for $11.5 million. City Urban Realty has handed over the keys to Arcadia Realty Trust. With the area’s rising popularity, it is likely that we will soon be seeing some stylish stores popping up in this thriving neighborhood!

Brand New Living Spaces in Weehawken

Hartz Mountain Industries is launching something truly special called The Reserve at Estuary, located at 1525 Harbor Blvd in Weehawken, NJ. This development will boast 218 residences that promise stunning views of the New York City skyline. Featuring stylish studio to two-bedroom-plus-den homes, this rental complex highlights contemporary designs that let natural light shine through while also catering to modern living.

Exclusive Amenities Await!

nearly 40,000 square feet of indoor and outdoor amenities, there’s plenty to enjoy whether you’re lounging, working out, or entertaining guests. Just think about all those chic parties with the skyline view! These highly sought-after apartments will hit the leasing market soon, with prices starting around $3,300 per month for a studio and climbing up to $4,785 for a two-bedroom. Those first occupancy dates are anticipated around mid-June 2024, and model residences will open this spring!

A Thriving Real Estate Landscape

Hartz Mountain Industries has come a long way since its humble beginnings back in 1966. From owning just one small property to now boasting over 260 properties and more than 45 million square feet across the East Coast, their impact on the real estate scene is monumental. It’s refreshing to see how these developments breathe new life into the neighborhoods of NYC!

So, whether you’re in bustling Manhattan or developing Brooklyn, the landscape is changing in the most exciting ways. Stay tuned for more updates as these stories unfold!

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Additional Resources

• Crain’s New York: NYC Deals of the Day – April 23, 2025
• Wikipedia: New York City
• Yield Pro: The Reserve at Estuary
• Google Search: Real Estate NYC
• Crain’s New York: NYC Deals of the Day – April 21, 2025
• Encyclopedia Britannica: New York City
• Skift: Takeaways from NYC’s Near Ban on Airbnb
• Google News: NYC Real Estate News

Author: HERE New York