This week crews poured the final floor on the 19-story new residential development at 159 Boerum Street in Brooklyn’s East Williamsburg neighborhood. Developed by Slate Property Group in partnership with Avenue Realty Capital and SD Builders and Construction LLC, the 216-foot-tall structure will yield 116,000 square feet and 162 units when complete with 49 apartments designated as affordable housing.
The affordable housing lottery has launched for 2454 East 15th Street, a three-story residential building in Sheepshead Bay, Brooklyn. Designed by Citiscape Consulting and developed by Jacob Ashkenazie, the structure yields nine residences. Available on NYC Housing Connect are three units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $77,143 to $198,250.
Preliminary renderings posted at a construction site in Prospect Lefferts Gardens, Brooklyn are the first to reveal a new, two-building multifamily development. The project is being developed by CroxDale Real Estate and will comprise two adjacent structures at 625 and 633 New York Avenue.
The affordable housing lottery has launched for 505 State Street, a 44-story mixed-use building at 100 Flatbush Avenue in Downtown Brooklyn. Designed and developed by Alloy Development, the structure yields 440 residences. Available on NYC Housing Connect are 45 units for residents at 40 to 100 percent of the area median income (AMI), ranging in eligible income from $29,109 to $127,100.
Avery Hall has closed on a $72.5 million construction loan to complete a new 17-story rental property at 544 Carroll Street in Gowanus, Brooklyn. The loan, provided by TD Bank, was arranged by JLL Capital Markets on behalf of Avery Hall and co-developers Declaration Partners and Bridge Investment Group.
