CEO Report Northern New Jersey
UPS announced it will expand its pilot project with Latch after testing the company’s smart access devices to enable deliveries inside multi-unit homes in Manhattan and Brooklyn earlier this year. The system uses a unique access code that allows residents and others unlock doors with their smartphones. Read more at the New York Business Journal.
RESIDENTIAL REAL ESTATE
The Board of Standards and Appeals cleared the way for Mitsui Fudosan and SJP Properties to move forward with plans for a 668-foot tall tower at 200 Amsterdam Ave. The Committee for Environmentally Sound Development had filed a suit claiming the project was in violation of zoning laws. Read more at BisNow.
BLDG Management revealed more details on its Summit building, a 43-story rental property at 222 East 44th St. at the site of a former parking garage. Plans for the property include 429 apartments, 109 of which will be affordable housing, on-site parking, a drive court, indoor pool and sauna, screening room and lounge. Read more at Curbed New York.
Cosentino Realy Group has purchased a mixed-use property at 425 New York Ave. in downtown Huntington from 425 NYA LLC for $6.2 million. The building was newly constructed in 2016 and includes 10 residential units and 3,500 square feet of office space. Read more at Long Island Business News.
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