Affordable Housing Lottery Launches for 2733 East 12th Street in Brighton Beach, Brooklyn

6:30 am on December 6, 2022 By Vanessa Londono

The affordable housing lottery has launched for 2733 East 12th Street, a seven-story mixed-use building in Sheepshead Bay, Brooklyn. Designed by Studio Gallos and developed by Eddie Yair, the structure yields 45 residences, 8,243 square feet of community facility space, and 24 parking spaces. Available on NYC Housing Connect are 14 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $69,086 to $187,330.

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Demolition Nearly Complete for 43-Story Skyscraper at 356 Fulton Street in Downtown Brooklyn

8:00 am on December 5, 2022 By Michael Young

At number 27 on our year-end countdown is 356 Fulton Street, a 43-story mixed-use skyscraper in Downtown Brooklyn. Designed by MdeAS Architects and SLCE Architects and developed by Extell, who paid and signed an $85.9 million long-term ground lease to take over the site from The Feil Organization, the 496-foot-tall structure will yield 475,000 square feet with 421 residential units and 100,000 square feet of commercial retail space. Titan Industrial SVC Corp. is in charge of demolition at the property, which has two more buildings to tear down, and is located at the corner of Fulton Street and Red Hook Lane.

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Construction Goes Vertical on Three-Tower Development at 2-20 and 2-21 Malt Drive in Hunters Point, Queens

7:30 am on December 5, 2022 By Michael Young

Construction is rising on 2-20 and 2-21 Malt Drive, a three-tower mixed-use development in the Hunters Point South master plan in Hunters Point, Queens. Designed by SLCE Architects and developed by TF Cornerstone, the project consists of a 34-story, 390-foot-tall structure that will yield 575 units at 2-20 Malt Drive and a two-tower design at 2-21 Malt Dive composed of a 38-story, 440-foot-tall high-rise and a 25-story, 310-foot-tall sibling. A final unit count for 2-21 Malt Drive has yet to be announced. Belsen Tristate Building Materials will supply the brickwork and Bud North LLC and Bud South LLC are the general contractors for 2-21 and 2-20 Malt Drive, respectively, which will rise from a subdivided plot bound by 54th Avenue to the north, Newton Creek to the south, and 2nd Street to the west.

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