$45 Million Construction Loan Secured for 264-272 West 135th Street in Harlem, Manhattan

Mass Development has secured $45 million in construction financing for 264-272 West 135th Street, an 11-story residential building in Harlem, Manhattan. Designed by BUILTD, the structure will yield 72 condominium units ranging from studios to three-bedroom layouts, with more than half of the residences featuring private balconies. The project will also include 12,000 square feet of retail space and a 15,000-square-foot community facility across the first two floors, plus a top-floor amenity suite. The property is located between Frederick Douglass Boulevard and Adam Clayton Powell Jr. Boulevard, roughly a block and a half east of St. Nicholas Park.

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Housing Lottery Launches for 2764 Wallace Avenue in Allerton, The Bronx

The affordable housing lottery has launched for 2764 Wallace Avenue, a seven-story residential building in Allerton, The Bronx. Designed by Nikolai Katz Architect and developed by Shimon Greenfeld of SCG Capital LLC, the structure yields 38 residences. Available on NYC Housing Connect are eight units for residents at 80 percent of the area median income (AMI), ranging in eligible income from $81,086 to $146,560.

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The Fleet. Designed by JFA Architects & Engineers.

‘The Fleet’ 450-Unit Tower Nears Completion in Downtown Brooklyn

Construction is wrapping up on The Fleet, a 30-story structure composed of five interconnected residential buildings in Downtown Brooklyn. Designed by JFA Architects & Engineers and developed by The Jay Group, the project will yield a total of 450 rental units, including 20 reserved for affordable housing. The 39,000-square-foot property is an assemblage of six adjacent parcels and is divided into five separate addresses: 104 Fleet Place, 106 Fleet Place, 163 Willoughby Street, 165 Willoughby Street, and 283 Flatbush Avenue Extension.

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