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“May 1, 2024: Latest News on New York and Tri-State People and Companies”

"May 1, 2024: Latest News on New York and Tri-State People and Companies"

Giancarlo Valle, a renowned furniture designer brand, has opened a high-end showroom spanning 2,587 square feet at 50 Lispenard St in NYC. The space showcases their exceptional architecture, interiors and decorative arts on the ground floor and basement levels. The lease for this prime location was facilitated by Tim Intriva of Conrad Real Estate LLC.

JCS Realty has recently launched leasing at ONE38 – an upscale rental building located in the vibrant South Bronx neighborhood. This development offers a total of 579 apartments including both market-rate (448) and affordable (131) units along with an impressive array of amenities spread across 40,000 square feet. These include a fitness center, sauna, indoor pool,multipurpose court,cinema room,and more.

Construction is underway for The Atlantic Club -a luxurious condominium project by390 Ocean Owner LLC situated in Long Branch,NJ.The development will feature132 residences ranging from one-to-five bedrooms including two penthouses.Its extensive list of amenities spans over75 ,000squarefeetofindoorandoutdoorspaces.This highly anticipated project is expected to be completed by summer2026.

Fennelly Associates played an instrumental rolein facilitatingthe saleofa22 ,000-square-foot mixed-usebuildingon9acresinBordentown,N.J.for$4 .13M .Thepropertywasoriginallyhome totheNewJerseychapterofTheScottishRite.However,due to declining membership,the property was soldto Tosh Wolfe who plans toredevelopit intoan182 ,000-square-footwarehousefacilityto meetthegrowingdemandforindustrialspaceinthecentralregionsofNewJersey .

X Team Retail Advisors,a leading national organization specializing in retail real estate services,is proudto announce Pierson Commercial Real Estate as its newest affiliatein New Jersey.Pierson Commercial bringswith itexpertiseinandexperienceinmarketing,salesconsulting,leasing,andtenantrepresentation .LedbyJasonPierson,the firm caters to a diverse clientele including national retailers,REITs,private equity firms,and institutional property holders.

The Hampshire Companies has successfully sold Max on Morris -an upscale multifamily community in Morristown,N.J. This 85-unit luxury development was completed in2023 and offers an impressive mix of studio,one ,and two-bedroom residences equipped with modern amenities such as in-unit washers and dryers,quartz countertops,and luxury plank flooring.

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