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Housing Lottery Launches for 1615 Cedar Street in Midwood, Brooklyn

6:30 am on February 17, 2025 By Vanessa Londono

The affordable housing lottery has launched for 1615 Cedar Street, an eight-story residential building in Midwood, Brooklyn. Designed by Cityscape Consulting with Input Creative Studio responsible for the facade and the interiors, and developed by Ramazi Mitaishuili of 1611 Cedar Street Realty LLC, the structure yields 17 residences. Available on NYC Housing Connect are 13 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $123,258 to $218,010.

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660 Lexington Avenue Nears Topping Out in Midtown East, Manhattan

8:00 am on February 16, 2025 By Michael Young and Matt Pruznick

Construction is nearing topping out on 660 Lexington Avenue, a 19-story residential building in Midtown East, Manhattan. Designed by Zproekt Architecture and developed and built by Sergey Rybak of Rybak Development, the 233-foot-tall structure will span 52,558 square feet and yield 23 condominium units with an average scope of 2,123 square feet. The building will also contain 2,551 square feet of commercial space, 1,174 square feet of community facility space, and a cellar level. The property is alternately addressed as 133 East 55th Street and located at the corner of Lexington Avenue and East 55th Street.

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RFEI to Be Issued For 44-36 Vernon Boulevard’s Redevelopment in Long Island City, Queens

7:30 am on February 16, 2025 By Michael Young and Matt Pruznick

The New York City Economic Development Corporation (NYCEDC) is planning to issue a Request For Expressions of Interests (RFEI) on behalf of the city for 44-36 Vernon Boulevard, a six-story commercial building in Long Island City, Queens. The RFEI is an appeal to the public for input on the redevelopment of the 672,000-square-foot structure, which currently serves as the central hub for New York City’s Department of Education. Based on the public feedback, the city will decide whether to embark on a full or partial transformation of the property into revamped commercial, light industrial, or community space. The redevelopment could also include the addition of waterfront access under the OneLIC Long Island City Neighborhood Plan initiative by the Department of City Planning (DCP). The property is located along Anable Basin at the intersection of Vernon Boulevard and 44th Drive.

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