L+M Development Partners has closed on $179 million in financing that will support the construction of three new buildings within the Marcus Garvey Extension Project. Located in Brownsville, Brooklyn, the buildings will establish 348 affordable and supportive housing units and approximately 13,400 square feet of commercial and community facility space.
Permits have been filed for an eight-story mixed-use building at 449 Chester Street in Brownsville, Brooklyn. Located between Riverdale Avenue and Newport Street, the lot is one block south of the Rockaway Avenue subway station, serviced by the 2 and 3 trains. L + M Development Partners is listed as the owner behind the applications.
Permits have been filed for a seven-story mixed-use building at 44 Elizabeth Street in Chinatown, Manhattan. Located between Canal Street and Hester Street, the lot is two blocks south of the Grand Street subway station, serviced by the B and D trains and four blocks east of the Canal Street station, serviced by the J and Z trains. Heng Sang Realty Corp is listed as the owner behind the applications.
Back in April 0f 2015, the Department of City Planning selected Brooklyn-based Monadnock Development to build an all-affordable residential building with commercial space at the parking lot at 133-45 – 133-55 41st Avenue, in Downtown Flushing. Now the developer has filed applications for the project, which will rise 10 stories and contain 232 residential units. The new building, dubbed One Flushing, will encompass 286,193 square feet, and ground-floor commercial-retail and community facility space will total 28,864 and 13,872 square feet, respectively. Apartments will begin on the second floor and should average 792 square feet apiece.
Per Crain’s Business, the City has picked Monadnock Development to develop a mid-rise 208-unit all-affordable mixed-use building at the vacant lot of 133-45 41st Avenue, in Downtown Flushing; the de Blasio administration has made an effort to redevelop that specific underutilized lot. The project is being dubbed One Flushing, and retail and community space is planned for the ground floor; Bernheimer Architecture is designing.