CIM Group Tops Out Front & York, Residential and Retail Development in Brooklyn’s DUMBO Neighborhood

8/25/2020

BROOKLYN, N.Y.--CIM Group announced today that it has topped out construction of Front & York, the 21-story, mixed-use, full-service luxury residential and retail project located at 85 Jay Street in Brooklyn’s DUMBO neighborhood. Designed with health, wellness, and community at its core, CIM is co-developing Front & York with LIVWRK, a Brooklyn-based real estate company concentrated on mixed-use urban development.

The Front & York development is situated on 3.1 acres, spanning an entire city block, with over 1,500 linear feet of street frontage in the heart of DUMBO, a neighborhood located at the base of the Brooklyn and the Manhattan Bridges. When complete, Front & York will bring 150,000 square feet of new retail space, 408 residential condominium homes, and 320 rental apartments to this appealing neighborhood. Residents will have access to an array of amenities, including one of Brooklyn’s largest landscaped private parks.

The development of Front & York is considered to be an integral piece of the evolving DUMBO fabric that will enrich the neighborhood with new residences, community-serving retail, and greater pedestrian connectivity and experiences including wide sidewalks and outdoor seating areas for the retail spaces.

Resort living at Front & York will offer modern residences ranging from one- to four-bedroom homes, all featuring top of the line finishes. Key features for residents will be a private park designed by Michael Van Valkenburgh, along with a large rooftop deck and pool offering expansive views. The park will provide lush landscaping for a quiet respite and the pool deck will offer ample lounge areas with cabanas, outdoor fireplaces, a dining area with grills and a heated outdoor theater. Front & York will also provide residents access to a 77,000 SF Life Time, the premier athletic and wellness center, wine lounge, chef’s kitchen with private dining room, co-working lounge, toddler and teens rooms, porte-cochere’s, parking and bicycle storage.

“Front & York is the first fully-amenitized luxury residential experience in DUMBO and offers an unparalleled lifestyle at a single location in Brooklyn,” said Jason Schreiber, Principal of CIM Group, co-developer of Front and York. “With this development, CIM is helping to serve the needs for new housing in a desirable neighborhood, centrally located near transportation.”

Front & York is conveniently located to multiple transportation options to Manhattan and other parts of Long Island. Just a short walk to the East River Ferry terminal allows for an open-air commute to Manhattan, and the York Street Subway Station (F train) is right across the street. The A and C lines at High Street, along with bike and walking paths across the Brooklyn and Manhattan Bridges, round out the options.

CIM Group brings its long-standing development and operational expertise including construction management, property management and leasing to enhance its properties in Brooklyn as well as bringing new concepts to the neighborhood as it has done in other communities across North America.

For more information about Front & York please visit: www.frontandyork.com/.

ABOUT CIM GROUP

CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. Since 1994, CIM has sought to create value in projects and positively impact the lives of people in communities across the Americas by delivering more than $60 billion of essential real estate and infrastructure projects. CIM’s diverse team of experts applies its broad knowledge and disciplined approach through hands-on management of real assets from due diligence to operations through disposition. CIM strives to make a meaningful difference in the world by executing key environmental, social and governance (ESG) initiatives and enhancing each community in which it invests. For more information, visit www.cimgroup.com.

ABOUT LIVWRK

Founded in 2013, LIVWRK is a Brooklyn-based real estate company concentrated on mixed-use urban development. The firm specializes in large-scale creative developments, meticulously planning every element of the design and engineering process from the inception of a project to its completion.

The firm’s first acquisition is known as Dumbo Heights, a 1.3M square foot, six-building warehouse complex located in DUMBO Brooklyn that LIVWRK converted from its former use as a printing press facility into an unrivaled creative work campus and retail destination.

Other projects include PANORAMA, a collection of five interconnected office and warehouse buildings originally built in the 1920s by Squibb Pharmaceutical and subsequently used by the Jehovah's Witnesses as their global headquarters; as well as Front & York, a ground-up 1.2M square foot mixed-use residential and retail building rising now on a full block in the heart of DUMBO, Brooklyn.