JLL Capital Markets has arranged a $41.5 million financial package for a trio of developers to complete a new condominium tower at 360 West 52nd Street in Hell’s Kitchen, Manhattan. The development team includes Cadence Property Group, HOH Capital Partners, and Deal Lake Capital, who also purchased an adjacent site at 354 West 52nd Street.
The affordable housing lottery has launched for 540 Graham Avenue, a five-story mixed-use building in Greenpoint, Brooklyn. Designed by Issac & Stern Architects and developed by Greenline Real Estate, the structure yields 25 residences, 13 parking spaces, and ground-floor retail space. Available on NYC Housing Connect are eight units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $99,086 to $165,230. One-bedroom tenants get one month free rent and studio tenants get two months free rent.
Construction is progressing quickly at 16 Dupont Street, the site of a 40-story residential tower in Greenpoint, Brooklyn‘s Greenpoint Landing master plan. Designed by GKV Architects and developed by Rockefeller Group with partner Park Tower Group, the 400-foot-tall structure will span 365,651 square feet and yield 378 units, as well as 2,548 square feet of commercial space and 138 enclosed parking spaces. Monadnock Construction is the general contractor for the property, which is located at the intersection of Dupont, West, and Commercial Streets.
Douglaston Development is now welcoming the first wave of tenants at 2856 Webster Avenue, a 188-unit affordable housing property in The Bronx. Located in the Bedford Park neighborhood, all of the units are reserved for seniors earning up to 50 percent Area Median Income.
The affordable housing lottery has launched for 1430 Fulton Street, a seven-story mixed-use building in Bedford Stuyvesant, Brooklyn. Designed by Karl Fischer and developed by CS Real Estate Group, the structure yields 64 residences. Available on NYC Housing Connect are 40 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $45,360 to $227,630.
