L+M Development Partners, Type A Projects, BronxWorks, and the City of New York have closed on $349 million financing package to complete phase one of Bronx Point, a new mixed-use affordable housing complex in the South Bronx. As a public-private partnership, the financing entities include the New York City Department of Housing Preservation and Development, the New York City Housing Development Corporation, Empire State Development, Wells Fargo, and additional private funding sources.
Façade work is shaping up at 37 Sixth Avenue, a 26-story, 343,788-square-foot residential building in Prospect Heights, Brooklyn. Alternately addressed as 495 Dean Street and 664 Pacific Street, the project is designed by Marvel Architects and The Brodsky Organization and will add 323 rental units to the Pacific Park master plan. The site is located between Dean Street and Pacific Street, directly across from Barclays Center and 18 Sixth Avenue, another residential project underway in the neighborhood.
Façade installation is steadily progressing at 540 Fulton Street, a 511-foot-tall mixed-use skyscraper in Downtown Brooklyn. Designed by Marvel Architects and developed by Jenel Management, the project will yield 327 residential units, as well as 71,844 square feet of commercial space and 22,054 square feet of retail on the lower podium floors. The residences will take up about 239,142 square feet of the total 330,00 square feet.
The affordable housing lottery is now open for Roosevelt Parc, a 15-story mixed-use development at 37-46 72nd Street in Jackson Heights, Queens. Developed by partners Werber Real Estate and Socius Development Group and designed by Marvel Architects, the building yields a total 154 units in a mix of studios, one-, two-, three-, and four-bedroom units. Available on NYC Housing Connect are 34 apartments for residents at 130 percent of the area median income, ranging in eligible income from $38,435 to $183,300.
Construction is nearing completion on Bloom on Forty Fifth , a 92-unit residential building located at 500 West 45th Street in Hell’s Kitchen, is nearing the end of construction. Designed by Marvel Architects and developed by Xin Development International, the property is located between West 44th and West 45th Streets on a plot formerly occupied by a gas station. Kuafu Properties is the project manager and Leeding Builders Group is overseeing construction on the project. The property was formerly addressed as 615 Tenth Avenue.