The affordable housing lottery has launched for 494 Manhattan Avenue, a six-story residential building in Greenpoint, Brooklyn. Designed by Jeffrey Kamen and developed by Yisroel Greenfeld, the structure yields 23 residences and 12 parking spaces. Available on NYC Housing Connect are seven units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $80,572 to $198,250.
Permits have been filed to expand a two-story structure into a four-story residential building at 2120 Fulton Street in Brownsville, Brooklyn. Located between Thomas S. Boyland Street and Rockaway Avenue, the lot is near the Broadway Junction subway stations, serviced by the A, C, J, and L trains. Etai Vardi of QN 48 LLC is listed as the owner behind the applications.
Construction has resumed on 125 Greenwich Street, an 88-story residential skyscraper in Manhattan’s Financial District. Designed by Rafael Viñoly Architects and developed by Fortress Investment Group and Bizzi & Partners, the 912-foot-tall structure will yield 273 condominium units designed by March & White and marketed by Douglas Elliman Marketing Development, which is aiming to launch sales later this fall. The developers secured a $313 million construction loan from Northwind Group in February to finish the formerly stalled project. Time Square Construction and Plaza Construction are the general contractors for the property, which is located at the corner of Greenwich and Thames Streets, just south of the World Trade Center complex and Liberty Park.
Work is progressing on 160 Water Street, a 29-story office-to-residential conversion and expansion in Manhattan’s Financial District. Designed by Gensler and developed by Vanbarton Group, the project involves the construction of five floors atop the parapet of the 24-story structure and the conversion of its 525,000 square feet of office space to yield 588 rental units in studio to two-bedroom layouts. The overhaul, which is being carried out with a $272.5 million loan from Brookfield Real Estate Financial Partners arranged by Cushman & Wakefield, will also include upgrades to building infrastructure, renovated lobby and common spaces, and the construction of a suite of amenity spaces. Collaborative Construction Management is the general contractor for the property, which is located at the corner of Water and Fletcher Streets.
Construction has topped out on 90Ninety, a sprawling 12-story mixed-use building at 166-20 90th Avenue in Jamaica, Queens. Designed by Perkins Eastman for New York-based developer BRP Companies, the 715,000-square-foot structure will yield 614 rental apartments, 25,000 square feet of retail space, a 5,000-square-foot community facility, and 284 sub-grade parking spaces.
