Excavation, Foundations Underway at 1 Park Row in Financial District, Manhattan

Demolition is complete and below-grade work has commenced at 1 Park Row, site of a 23-story mixed-use building in the Financial District. Designed by Fogarty Finger Architects and developed by Circle F Capital, which received a $90 million construction loan from Los Angeles-based Parkview Financial last summer, the 103,000-square-foot structure will yield 58 condominiums in one-, two-, and three-bedroom configurations, along with 19,000 square feet of commercial office and retail space on the lower levels. MJM Associates Construction is the general contractor and 1 Park Row Development LLC is the owner of the property, which sits at the intersection of Park Row and Ann Street. Ancora Engineering is in charge of the support of excavation (S.O.E.) and foundations.

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Affordable Housing Lottery Launches for 224 Units at 227 West Street and 27 Eagle Street in Greenpoint, Brooklyn

The affordable housing lottery has launched for Eagle+West, a two-tower residential development at 227 West Street and 27 Eagle Street in Greenpoint, Brooklyn. Developed by Brookfield Property Partners and Park Tower Group and designed by OMA and Beyer Blinder Belle, the 30- and 40-story superstructures yield a total of 745 rental units. Available on NYC Housing Connect are 224 units for residents at 80 to 130 percent of the area median income (AMI), ranging in eligible income from $51,840 to $206,875.

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