Permits have been filed to expand a three-story structure into a four-story residential building at 341 Herkimer Street in Bedford-Stuyvesant, Brooklyn. Located between Kingston Avenue and Brooklyn Avenue, the interior lot is steps from the Kingston-Throop Avenues subway station, serviced by the A and C trains. Joseph Aghelian is listed as the owner behind the applications.
The massive modernization and redevelopment of Class A office building 22 Vanderbilt is nearing its completion. Owned by Milstein Properties, the 1.1 million-square-foot Midtown tower with direct underground access to Grand Central Terminal, is receiving over 275,000 square feet of hospitality-driven amenity spaces and services designed by SHoP Architects. Formerly known as 335 Madison, 22 Vanderbilt is among the most sought-after office buildings in New York City due to its direct connections to transit hubs, upgraded building system, and expansive amenity package. Since its rebranding in early 2023, over 120,000 square feet of leases have been signed, including one of Midtown’s largest new leases in 2023 with global public relations firm Joele Frank.
Construction is nearing the finish line on 88 East 127th Street, a 19-story residential building in East Harlem, Manhattan. Designed by GF55 Architects and developed and built by Artimus Construction, the 214-foot-tall structure will span 174,951 square feet and yield 160 rental units, with 40 reserved for affordable housing, as well as 15,657 square feet of commercial space. The project stands on a formerly vacant plot bound by Park Avenue, and East 126th and East 127th Streets.
Carmel Partners landed a $233 million loan to complete a 17-story rental building at 54 Crown Street in Crown Heights, Brooklyn. Designed by Hill West Architects, the structure will contain 569 apartments, 182 enclosed parking spaces, around 7,500 square feet of ground-floor retail space, and a 1,500-square-foot community facility.
The affordable housing lottery has launched for The Grand Pacific Apartments, a nine-story mixed-use building at 985 Pacific Avenue in Crown Heights, Brooklyn. Designed by Issac & Stern Architects and developed by EMP Capital Group, the structure yields 69 residences. Available on NYC Housing Connect are 18 units for residents at 40 to 130 percent of the area median income (AMI), ranging in eligible income from $28,320 to $198,250.