Brooklyn

Rendering of 1215 Fulton Street. Courtesy of Tower Holdings Group, The Collective and Artefactorylab

Funding Secured For 12 Halsey Street In Bedford-Stuyvesant, Brooklyn

7:30 am on December 16, 2023 By Max Gillespie

EJS Group, in partnership with Hope Street Capital, have successfully closed on a $108.15 million construction financing package for their upcoming residential development at 12 Halsey Street in Bedford-Stuyvesant, Brooklyn. This project, also referred to as 1215 Fulton Street, is part of the Affordable New York Program and comprises three buildings with approximately 240 rental units, with 30 percent allocated as affordable housing.

Housing Lottery Launches for Hanson Place Community Plaza at 142 South Portland Avenue in Fort Greene, Brooklyn

7:00 am on December 16, 2023 By Vanessa Londono

The affordable housing lottery has launched for Hanson Place Community Plaza, a 13-story mixed-use building at 142 South Portland Avenue in Fort Greene, Brooklyn. Designed by OCV Architects and developed by MDG Design + Construction, the structure yields 104 residences. Available on NYC Housing Connect are 87 units for residents at 50, 60, and 140 percent of the area median income (AMI), ranging in eligible income from $34,149 to $245,140.

Permits Filed for 5120 9th Avenue in Borough Park, Brooklyn

6:30 am on December 16, 2023 By Vanessa Londono

Permits have been filed to expand a two-story structure into a six-story mixed-use building at 5120 9th Avenue in Borough Park, Brooklyn. Located between Boston Road and Pratt Avenue, the lot is near the Eastchester-Dyre Avenue subway station, serviced by the 5 train. Toby Eng is listed as the owner behind the applications.

Façade Work Takes Shape on 1,098-Unit Skyscraper at 625 Fulton Street in Downtown Brooklyn

8:00 am on December 15, 2023 By Michael Young and Matt Pruznick

At number 17 on our year-end countdown of the tallest buildings under construction in New York is 625 Fulton Street, a 500-foot-tall mixed-use skyscraper in Downtown Brooklyn. Designed by Fischer Rasmussen Whitefield Architects and developed by Rabsky Group with $450 million in construction financing from Madison Realty Capital, the 35-story structure will yield 1,098 rental units, 26,000 square feet of retail space on the lower levels, and an on-site parking garage for 250 vehicles. Galaxy Developers is the general contractor for the property, which is alternately addressed as 485 Hudson Avenue and bound by the 34-story 80 DeKalb Avenue to the north, Fulton Street to the south, Rockwell Place to the east, and Hudson Avenue to the west.

Office space at Industry City, courtesy of BerlinRosen

Four New Companies Sign Leases at Industry City In Sunset Park, Brooklyn

7:30 am on December 15, 2023 By Max Gillespie

Industry City, a 35-acre mixed-use complex along the Sunset Park waterfront in Brooklyn, has announced four new lease signings. Kinolime, Dowbuilt, Prudential Insurance, and KYHA Studios will occupy a combined 15,282 square feet through Industry City’s flexible leasing policy, which allows tenants to secure additional space if needed in the future.

198 St. Nicholas Avenue, courtesy of Melamed Architect, P.C.

198 St. Nicholas Avenue Completes Construction in Bushwick, Brooklyn

7:30 am on December 14, 2023 By Max Gillespie

Construction is complete on 198 St. Nicholas Avenue, a four-story condominium building in Bushwick, Brooklyn. Designed by Melamed Architect and developed by AUM-NY, the project involved the repurposing of a former church and the construction of four new levels above, spanning 11,500 square feet and yielding six units. Sales have been finalized for all of the homes at the property, which is located at the corner of Harman Street and St. Nicholas Avenue.

The Alloy Block’s 505 State Street Approaches Completion in Downtown Brooklyn

8:00 am on December 13, 2023 By Michael Young and Matt Pruznick

At number 19 on our year-end countdown of the tallest buildings under construction in New York is 505 State Street, a 482-foot-tall residential tower in The Alloy Block complex in Downtown Brooklyn. Designed and developed by Alloy Development, the 44-story structure will yield 441 rental units, with 45 reserved for affordable housing, and will be fully powered by electricity. The five-building Alloy Block master plan will comprise a total of 850 units with 200 permanently affordable apartments, 100,000 square feet of Class A office space, 50,000 square feet of retail space, 500 bicycle parking spaces, two Passive House public schools designed by Architecture Research Office, and space for a local cultural institution. Urban Atelier Group is the general contractor for 505 State Street, which was formerly addressed as 100 Flatbush Avenue and is bound by Flatbush Avenue to the northeast, Third Avenue to the northwest, and State Street to the southwest.

Hudson Companies Secures $28.3 Million Restructure for House No.94 at 94 North 3rd Street in Williamsburg, Brooklyn

7:30 am on December 13, 2023 By Max Gillespie

The Hudson Companies has closed a $28.3 million capital restructuring deal for House No.94, a five-story residential building at 94 North 3rd Street in Williamsburg, Brooklyn. The transaction, brokered by Newmark Holdings, involved financing from Voya Financial and a new joint venture with Meadow Partners.

Affordable Housing Lottery Launches for 209 North 11th Street in Williamsburg, Brooklyn

7:00 am on December 13, 2023 By Vanessa Londono

The affordable housing lottery has launched for 209 North 11th Street, a seven-story mixed-use building in Williamsburg, Brooklyn. Designed by MHM Engineering and developed by Yisroel Greenfeld, the structure yields 53 residences. Available on NYC Housing Connect are 16 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $113,726 to $165,230.

Permits Filed for 301 Stockholm Street in Bushwick, Brooklyn

6:30 am on December 13, 2023 By Vanessa Londono

Permits have been filed for a four-story residential building at 301 Stockholm Street in Bushwick, Brooklyn. Located between Irving Avenue and Wyckoff Avenue, the lot is one block from the DeKalb Avenue subway station, serviced by the L train. Xiao Yong Lin of Global Team NY Inc. is listed as the owner behind the applications.

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