BFC Partners doubling floor space in move to Manhattan’s 17 State St.
BFC Partners, a prominent leader in affordable housing development in the city, has decided to expand its operations by moving to a larger space at RFR’s 17 State St. in Manhattan. The new space will offer twice the floor space, totaling 14,000 square feet.
With a track record of creating and preserving over 15,000 affordable apartments across all five boroughs, BFC Partners has also expanded its reach to Buffalo and Syracuse. Among its notable projects are a three-building complex in Coney Island and the 9 Essex Crossing development in Manhattan.
Joe Ferrara, a partner at BFC, expressed that the move signifies a significant milestone for the company, reflecting the growth of their team and the evolution of their services.
A Cushman & Wakefield team facilitated BFC in securing the new lease.
Lungi, a restaurant with Sri Lankan/South Indian cuisine and Michelin “bib gourmand” accolades, is expanding from Manhattan to Queens.
The restaurant, maintaining its location at 1166 First Ave. on the Upper East Side, is opening a second branch at 31-19 Newtown Lane in Astoria. The 15-year lease covers 5,000 square feet, making it one of the largest dining venues in the neighborhood. The annual rent was set at $400,000.
The landlord, Phoenix Management, was represented by Meridian Retail Leasing president James Famularo along with Jacob Mayer and Marcelo Demoraes. Famularo highlighted Lungi, led by Mervyn Winston and chef/partner Albin Vincent, as a culinary destination that brings together a diverse group of chefs with unique traditions and techniques.
