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Housing Lottery Launches for Baisley Pond Park Residences in Jamaica, Queens

The affordable housing lottery has launched for Baisley Pond Park Residences, a 12-story mixed-use building at 143-06 135th Avenue in Jamaica, Queens. Developed by Slate Property Group and designed by Aufgang Architects, the structure yields 318 residences. Available on NYC Housing Connect are 125 units for residents at 50 to 60 percent of the area median income (AMI), ranging in eligible income from $26,880 to $100,620.

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French Department Store Printemps Opens At One Wall Street in Financial District, Manhattan

Printemps, the 160-year-old upscale French department store, opened its first U.S. location this morning at One Wall Street in Lower Manhattan’s Financial District. Designed by Laura Gonzalez in the style of a Parisian apartment, the 55,000-square-foot outpost spans two stories and is the final component in the transformation of the historic 564-foot-tall Art Deco skyscraper, which underwent an office-to-residential conversion that finished in 2023. The property yields 566 condominium units, 100,000 square feet of private amenities, as well as a Whole Foods Market and Life Time fitness facility in its base. Printemps is located along Broadway between Wall Street and Exchange Place.

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Rendering of Arris Grand. Designed by Fogarty Finger

Refinancing Loan Secured For Arris Grand at 445 Grand Avenue In Clinton Hill, Brooklyn

Haussmann Development has secured a $49.5 million refinancing loan for Arris Grand, a mixed-use development at 445 Grand Avenue in Clinton Hill, Brooklyn. The loan, provided by QuadReal Property Group, replaces a $46 million construction loan from Scale Lending. Haussmann made a controlling minority investment in the property in 2024, overseeing the refinancing and serving as the local operating partner.

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Housing Lottery Launches for Atlantic Chestnut Phase 2 in Cypress Hills, Brooklyn

The affordable housing lottery has launched for Atlantic Chestnut Phase 2, a 14-story mixed-use building at 254 Euclid Avenue in Cypress Hills, Brooklyn. Designed by Dattner Architect and developed by Phipps Houses, the structure yields 436 residences. Available on NYC Housing Connect are 369 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $19,372 to $173,340.

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