Articles by Vanessa Londono

Governor Hochul Announces Construction of 698-Unit Development at 405-407 West 206th Street in Inwood, Manhattan

This week Governor Kathy Hochul announced the start of construction on a $416 million residential development in Inwood, Manhattan. The two-building, mixed-income project at 405 and 407 West 206th Street will bring nearly 700 apartments with 281 affordable units with free broadband internet, all-electric heating and cooling, and other sustainable features in line with the state’s climate goals. The development is a joint venture among LMXD affiliate of L+M Development Partners, MSquared, and Taconic Partners with the Community League of the Heights as the community sponsor, and Beyer Blinder Belle Architects responsible for design.

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Housing Lottery Launches for 641 East 28th Street in Flatbush, Brooklyn

The affordable housing lottery has launched for 641 East 28th Street, a seven-story residential building in Flatbush, Brooklyn. Designed by S. Wieder Architect and developed by David Sinay, the structure yields 36 residences. Available on NYC Housing Connect are 12 units for residents at 80 to 130 percent of the area median income (AMI), ranging in eligible income from $56,400 to $156,130.

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Housing Lottery Launches for The Tate at 535 West 23rd Street in Chelsea, Manhattan

The affordable housing lottery has launched for The Tate, a 14-story residential building built in 2002 at 535 West 23rd Street in Chelsea, Manhattan. Designed by Rockwell Group and developed by Related Companies, the structure yields 430 residences. Available on NYC Housing Connect are 16 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $101,486 to $187,330.

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Gindi Capital, Avery Hall Secure $110M Construction Financing for 204 4th Avenue in Gowanus, Brooklyn

This week Gindi Capital and Avery Hall closed on $110 million in construction financing for the development of a 13-story, 193-unit mixed-use, mixed-income building at 204 4th Avenue in Gowanus, Brooklyn. Located at the intersection of the Gowanus and Park Slope neighborhoods on a full city block between Union and Sackett Street, the ground-up construction will also have an  expansive amenity package including a rooftop lounge and pool. Affinius Capital LLC provided the construction financing for the project with financing arranged by Christopher Peck and Peter Rotchford of JLL.

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