The affordable housing lottery has launched for Riverton Square, five 13-story residential buildings at 45 East 135th Street and 2156, 2181, 2171, and 2225 Madison Avenue in East Harlem, Manhattan. Overall, the Riverton Square complex consists of 1,229 units across 12 buildings with approximately 1,000 units designated as affordable housing. Available on NYC Housing Connect are 55 units for residents at 60 to 125 percent of the area median income (AMI), ranging in eligible income from $43,852 to $161,125.
L&L Holding Company and Columbia Property Trust have successfully closed on $1.25 billion in construction financing to complete a commercial overhaul of Terminal Warehouse in Chelsea, Manhattan. Led by COOKFOX Architects, the property will eventually house a mix of Class A office suites, retail space, and dining area.
Earlier this week, Meltzer/Mandl Architects revealed the first renderings of a new six-story multifamily building at 15 Greenwich Street in Manhattan’s Greenwich Village Historic District. Drawings and illustrations of the proposed development were revealed in a public hearing with the Landmarks Preservation Commission, which must issue a Certificate of Appropriateness before construction can break ground.
Foundation work is progressing on 555 Greenwich Street, a 16-story office building in Hudson Square. Formerly addressed as 561 Greenwich Street, the structure will yield 270,000 square feet and will connect on nearly every floor with the adjacent 345 Hudson Street. The project is designed by COOKFOX Architects and developed by the joint venture Hudson Square Properties, which includes Trinity Church Wall Street, Norges Bank Investment Management, and Hines, and is planned to debut as one of the city’s most sustainable buildings.
Square Mile Capital and Pacific Western Bank are set to provide $183 million in construction financing for a 12-story mixed-use property at 258-278 Eighth Avenue in Chelsea, Manhattan. A new Target retail store will occupy 28,000 square feet of the building’s lower levels. Above these floors, the development will house 190 rental apartments and associated amenities.