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.
Demolition is underway at 308 West 43rd Street, the site of a two-building residential project in Midtown, Manhattan. Designed by Handel Architects and developed by Taconic Partners under the 311 West 42nd Street Associates LLC, the 373,133-square-foot development will rise directly to the north of Port Authority Bus Terminal and will yield 321 apartments averaging 839 square feet apiece as well as 25,202 square feet of retail space.
