New York

Kristi Nootens, Waterton (Courtesy of Waterton)

NEW YORK CITY — Waterton, an investor and operator headquartered in Chicago, has hired Kristi Nootens as senior vice president of development. In this role, Nootens will originate and structure both mezzanine/preferred equity and joint ventures in development deals. She will be based in New York City. Nootens will work with the company’s acquisition, construction management and research teams. She will also be responsible for Waterton’s development investment strategy. She will work with the firm’s Capital Markets team in order to originate multifamily debt investments, including senior loans and mezzanine …

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Ruby Square

NEW YORK CITY — Locally based owner-operator BRP Cos. has begun leasing Ruby Square, a 614-unit mixed-income development located in the Jamaica area of Queens. The property features a mix of seven studios, 454 one-bedroom units and 153 two-bedroom apartments. Of the total unit count, 185 have been set aside as affordable for residents earning between 80 and 130 percent of the area median income. The property also offers 50,000 square feet of amenity space, including a two-level private park, multiple rooftop lounges, a fitness center, coworking spaces, resident lounges, …

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BALLSTON SPA, N.Y. — Regional brokerage firm Adirondack Capital Partners has negotiated the sale of Northway Eleven Communities, a 952-unit community in Ballston Spa, 30 miles north of Albany, New York. The exact sales price was not disclosed, but Adirondack says that the property traded hands for more than $100 million. Northway Eleven Communities consists of 240 buildings on a 131-acre site. The community offers 1,027-square-foot, two-bedroom apartments and 1,385-square-foot, two-level townhomes, according to the property website. Michael Hunter Coghill of Adirondack Capital Partners represented the seller, an entity doing …

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La Central

NEW YORK CITY — A partnership between The Hudson Cos. and BRP Cos. has received $343 million in financing for Phase II of La Central, a 420-unit affordable housing development in the South Bronx. The second phase of La Central will encompass Building C, which will consist of 166 units across 13 stories, and Building E, a 26-story building that will feature 254 units. Development on Phase II is slated to complete in 2028. Apartments will come in one-, two, three- and four-bedroom floor plans. The buildings will be reserved …

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54-19 100th St.

NEW YORK CITY — Locally based developer Slate Property Group (Slate) and Queens Future LLC, which is a joint venture between Mets owner Steve Cohen and Hard Rock International, have formed a partnership to develop a 450-unit affordable housing project located in the Corona neighborhood of Queens. The site is located at 54-19 100th St., currently houses a parking lot adjacent to an existing affordable housing complex. Units will feature a range of floor plans and income restrictions, and the property will have community and amenity space, including an improved …

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Halstead Tarrytown

TARRYTOWN, N.Y. — The DSF Group has sold Halstead Tarrytown, a 300-unit asset located in Tarrytown, about 30 miles north of New York City. Built in 1998, the property consists of 11 two-story buildings offering a mix of one- and two-bedroom apartments. The JLL Suburban Tri-State Capital Markets team represented the seller and procured the buyer in the deal. The identity of the buyer and the sales price were not disclosed.

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Baisley Pond Park Residences

NEW YORK CITY — A partnership between locally based developer Slate Property Group and RiseBoro Community Partnership has begun leasing Baisley Pond Park Residences, a 318-unit affordable housing redevelopment project in Queens. The property is a conversion of the 350-room JFK Hilton Hotel, which was originally built in 1987. Situated in the Jamaica neighborhood of Queens, the complex offers studio, one- and two-bedroom units. Amenities include a fitness center, computer lounge and multiple common rooms. Monthly rents range from $784 for a studio to $1,493 for a two-bedroom apartment. As …

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NEW YORK CITY — Lorimer Capital has hired Connor Lopes to the role of managing director of asset management. In this role, Lopes will oversee the company’s portfolio performance, risk management and loan servicing. He will work to manage Lorimer Capital’s loan portfolio and asset performance.  Prior to joining Lorimer Capital, Lopes served as a senior vice president of construction asset management with Citi Community Capital.  Lorimer Capital is a New York City-based lender. Evan Bell, Ilan Rubinstein and Erez Rubinstein launched the company earlier this year.

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NEW YORK CITY — A&E Real Estate has acquired Rivers Bend, a 22-story apartment building located on Manhattan’s Upper East Side, for $116.5 million. Jack Brick of S. Charatan Realty represented the seller, locally based investment firm Soloviev Group, in the transaction. The building, which was originally built in 1963, rises 22 stories at 501 E. 87th St. The property is doorman- and elevator-served. Select units feature private balconies or patios, and tenants have access to amenities such as a rooftop terrace with an enclosed pool and a fitness center. 

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Edgemere Commons A2

NEW YORK CITY — TS Communities, the affordable housing platform of Tishman Speyer, is set to break ground on Edgemere Commons A2, a 244-unit affordable housing development in Queens. The community will rise 18 stories at 337 Beach 52nd St. Units will come in studio, one-, two- and three-bedroom floor plans. Edgemere Commons A2 will be affordable for households earning between 40 to 80 percent of the area median income. Additionally, 73 units will be set aside as supportive housing. Social service provider Breaking Ground will operate the supportive housing units. Residents will …

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