SCALE Lending, the debt financing division of Slate Property Group, has finalized a $46 million bridge loan for Arris Grand, a recently completed nine-story residential building at 982-998 Fulton Street in Clinton Hill, Brooklyn. The loan will be utilized to pay off the existing construction loan and support the lease-up phase of the multifamily building.
A rendering has been revealed for Fabric Astoria, a two-building residential complex at 22-54 46th Street and 22-51 45th Street in Astoria, Queens. Designed by Dattner Architects and developed by Mega Development, the structures will stand eight stories.
A new façade has been proposed for The Hungarian Pastry Shop, a long-standing bakery located at 1030 Amsterdam Avenue in Morningside Heights, Manhattan. The proposal was submitted for review at the Landmarks Preservation Commission‘s public hearing that took place on December 19.
New York City Mayor Eric Adams has announced the award of nearly $30 million in federal funding for safety improvements along Queens Boulevard in East Flatbush, Brooklyn. This grant, part of the “Safe Streets and Roads for All” program, will be funded through the approximately $1 billion in federal infrastructure funding that has been secured under the Adams administration.
