Affordable Housing Waiting List Launches for Rose Castle in Williamsburg, Brooklyn

7:00 am on January 11, 2024 By Vanessa Londono

An affordable housing lottery waiting list has launched for Rose Castle, a nine-story mixed-use building at 31 Little Nassau Street in Williamsburg, Brooklyn. Designed by Archimaera Architecture and developed by Riverside Developers, the structure yields 86 residences. Available on NYC Housing Connect is a waiting list to fill current and future vacancies for the 77 units for residents at 70, 90, and 130 percent of the area median income (AMI), ranging in eligible income from $49,273 to $198,250.

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Excavation Underway at 656 Lexington Avenue in Midtown East, Manhattan

8:00 am on January 10, 2024 By Michael Young

Excavation is underway at 656 Lexington Avenue, the site of a 19-story residential building in Midtown East, Manhattan. Designed by Zproekt Architecture and developed by Sergey Rybak under the 660 Lexington Avenue Development LLC, 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, as well as 2,551 square feet of commercial space, 1,174 square feet of community facility space, and a cellar level. Rybak Development Corp. is the general contractor for the property, which is alternately addressed as 133 East 55th Street and located at the corner of Lexington Avenue and East 55th Street.

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Rendering of 335 Eighth Avenue - Courtesy of MAG Partners, COOKFOX Architects

$151.4M Capitalization Secured For 335 Eighth Avenue In Chelsea, Manhattan

7:30 am on January 10, 2024 By Max Gillespie

JLL Capital Markets has arranged a $151.4 million capitalization for 335 Eighth Avenue, a seven-story mixed-use building under construction in Chelsea, Manhattan. Designed by COOKFOX and developed by MAG Partners and Safanad, the structure will yield 188 units with 30 percent reserved for low- and middle-income residents, as well as over 30,000 square feet of amenities, 25,461 square feet of retail space, and 1,150 square feet of community facility space. Financing was secured from Bank OZK and MetLife Investment Management for the project, which broke ground in October 2023.

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Naftali Group Files Permits for 21-Story Tower at 1 Division Avenue in Williamsburg, Brooklyn

7:00 am on January 10, 2024 By Vanessa Londono

Permits have been filed for a 21-story tower at 1 Division Avenue in Williamsburg, Brooklyn. Located between the waterfront and Kent Avenue, the lot is near the South Williamsburg ferry stop and the Marcy Avenue subway station, serviced by the J, M, and Z trains. Naftali Group is listed as the owner behind the applications and also responsible the complex rising nearby at 470-490 Kent Avenue.

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