Construction is set to go vertical at 595 Dean Street, the site of a two-building development in the Pacific Park complex in Prospect Heights, Brooklyn. Designed by Handel Architects and developed by TF Cornerstone, the project will yield a total of 800 residential units, 72,600 square feet of public open space, ground-floor retail, 455 underground parking spaces, and a Chelsea Piers Field House, the first in Brooklyn. The site is bound by Pacific Street to the north, 550 Vanderbilt Avenue to the east, 535 Carlton Apartments to the west, and Dean Street to the south.
Greenpoint‘s latest affordable housing property will soon take shape at 35 Commercial Street following the acquisition of $170 million in construction financing. The forthcoming property is located within the Greenpoint Landing mega-complex in north Brooklyn and will eventually introduce 374 affordable housing units to the neighborhood.
Jonathan Rose Companies, L+M Development Partners, and Acacia Network recently closed on a $223 million financing package to complete the second and final phase of Sendero Verde. The complex is located on Madison Avenue between East 111th and East 112th Streets in East Harlem and spans a full city block.
The affordable housing lottery has launched for Two Blue Slip, aka 41 Blue Slip, a 40-story residential building in Greenpoint, Brooklyn. Designed by Handel Architects and developed by Park Tower Group and Brookfield Property Partners, the Greenpoint Landing waterfront structure yields 421 residences. Available on NYC Housing Connect are 127 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $81,258 to $192,400.
Construction is getting closer to completion on Madison House, an 805-foot-tall residential skyscraper at 126 Madison Avenue and the tallest structure in the Midtown district of NoMad. Alternately addressed as 15 East 30th Street, the slender 62-story tower is designed by Handel Architects and developed by Fosun Group and JD Carlisle and will yield 199 condominiums with sales and marketing led by Douglas Elliman Development Marketing, as well as 7,500 square feet of ground-floor retail space. The property is located along Madison Avenue between East 30th and 31st Streets.