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New York/Tri-State People and Company News, week of May 20, 2024
- Giancarlo Valle, a furniture designer brand, opened a 2,587 square feet furniture showroom at 50 Lispenard St, NYC. The ground floor and basement space showcase their architecture, interiors, and decorative arts. Tim Intriva of Conrad Real Estate LLC facilitated the lease.
- JCS Realty launched leasing at ONE38, a rental building in the South Bronx. The building offers 448 market-rate and 131 affordable apartments, along with 40,000 square feet of amenities. Amenities include a fitness center, sauna, indoor pool, multipurpose court, rooftop tennis and paddle court, cinema room, and more.
- 390 Ocean Owner LLC has started construction on The Atlantic Club, a luxury condominium in Long Branch, New Jersey. The project will offer 132 residences, including two penthouses, with one-to-five bedrooms. It will feature over 75,000 square feet of indoor and outdoor amenities. The project is expected to be completed by summer 2026.
- Fennelly Associates facilitated the sale of a 22,000-square-foot mixed-use building on 9 acres in Bordentown, N.J., for $4.13M. Originally the home of the New Jersey chapter of The Scottish Rite, declining membership led to its sale. The buyer, Tosh Wolfe, plans to redevelop the property into a 182,000-square-foot warehouse facility to meet the demand for industrial space in central New Jersey.
- X Team Retail Advisors, a national organization of retail real estate specialists, has added Pierson Commercial Real Estate as a New Jersey affiliate. Pierson Commercial brings expertise in marketing, property consulting, leasing, and tenant representation. Pierson Commercial, led by Jason Pierson, serves national retailers, REITs, private equity firms, and institutional property holders.
- The Hampshire Companies has sold Max on Morris, an 85-unit luxury multifamily community in Morristown, N.J. Completed in 2023, the property offers studio, one, and two-bedroom residences with modern amenities like in-unit washers and dryers, quartz countertops, and luxury plank flooring.
- ◦Recruitment
