Arch Companies and AB Capstone have secured $106 million in construction financing from Madison Realty Capital for a mixed-use tower at 3-50 St. Nicholas Avenue in Ridgewood, Queens. Located on the North Brooklyn-Queens border, the 17-story building will debut as one of the tallest in the area.
Permits have been filed for a 17-story tower at 3-50 St. Nicholas Avenue, in Ridgewood, Queens. Located between Palmetto Street and Woodbine Street, the corner lot is one block away from the Myrtle-Wyckoff Avenues subway station, serviced by the M and L trains. Meir Babaev of AB Capstone is listed as the owner behind the applications.
Developer AB Capstone has filed plans for a second residential building at 2406 Hoffman Street just south of Fordham University in the Belmont section of the Bronx, following on the heels of their first project a block away on Arthur Avenue.
Developers are snapping up lots near the BQE in East Williamsburg every chance they get, and now the increasingly pricey hood will get a six-story mixed-use apartment building at 387 Manhattan Avenue. New building applications were filed today for the 18,429-square-foot development, which will fill a vacant lot between Frost and Withers Streets, half a block from the highway and Meeker Avenue.
Sunnyside, a close-in neighborhood in western Queens around the 7 train, is becoming increasingly desirable, but developers looking for buildable sites won’t find many. The neighborhood is largely either built out or zoned out, with…