A rendering of the redevelopment of the 19th-century Empire Stores warehouse in Brooklyn’s Dumbo. Visual House

Dumbo Project Advances

New financial and architectural details are emerging about the conversion of a huge former coffee warehouse in Dumbo to offices, shops and restaurants.

A $95 million construction loan from M&T Bank Corp. for the Empire Stores project has been secured by the investment group, which is being led by Midtown Equities, the Cayre family’s real estate company. The project, expected to cost about $150 million and to be completed in the third quarter of 2015, will have more than 400,000 square feet of office, shop and restaurant space.

Midtown Equities also has released new renderings of the 19th-century warehouse’s redevelopment. The developers are restoring and adding to the existing warehouse structure, where coffee beans and dry goods once were stored. The project is designed by Perkins Eastman and Studio V Architecture.

The design, inspired partly by Manhattan’s High Line park, includes a central open courtyard leading to a rooftop with room for public space, a restaurant and beer garden. This elevated area, which has views of the East River, bridges and Manhattan skyline, also has private outdoor terraces for office tenants.

—Keiko Morris

Regus Expands in Queens

Regus is adding to its network of business centers with leases in Yonkers and Forest Hills, Queens.

The international provider of temporary office space signed a lease for 15,638 square feet of space in a refurbished building in Westchester’s Ridge Hill shopping, entertainment and dining complex in Yonkers. Developer Forest City Ratner Cos. recently renovated the 250,000-square-foot building, which offers natural light and views of greenery from its hilltop perch, said Ali Esmaeilzadeh, head of commercial leasing for Forest City Ratner.

The Ridge Hill center has restaurants as well as a Whole Foods Market and L.A. Fitness gym, amenities employers can use to recruit and retain workers, said Al Gutierrez, executive managing director of Colliers International, which represented the landlord in the deal.

Regus also will occupy 13,317 square feet at the Forest Hills Tower. Landlord Muss Development LLC is renovating the 375,000-square-foot building, which formerly housed JetBlue’s headquarters before the airline left for Long Island City.

Muss has signed leases for about 175,000 square feet over the last 18 months. The Board of Elections in the City of New York plans to move into a 36,103-square-foot office there at the end of 2015. Plaza College recently opened its 40,000-square-foot facility in the tower, said Jason Muss, principal.

—Keiko Morris