Permits have been filed for an eight-story mixed-use building at 437 Euclid Avenue in East New York, Brooklyn. Located on the corner of Glenmore Avenue and Euclid Avenue, the lot is one block north of the Euclid Avenue subway station, serviced by the A and C trains. Mega Contracting Group is listed as the owner behind the applications. Plans for the project include affordable independent residences for seniors.
Mega Contracting Inc.
In a recent announcement, New York City’s Department of Housing Preservation and Development (HPD) and the Housing Development Corporation (HDC) revealed a multi-phase affordable housing development in Brooklyn. Known as Broadway Triangle, the wedge-shaped plot of land sits at the intersection of Williamsburg, Bushwick, and Bedford-Stuyvesant and will eventually give rise to a five-building housing complex for low-income households and the formerly homeless.
Back in 2015, YIMBY reported that the Stagg Group had filed new building applications for 2051 Ryer Avenue, in the West Bronx. Since then, the site went onto the market asking $1.45 million, and has evidently traded hands to Hercules Argyriou, of Ryer Avenue MM LLC/Mega Contracting Inc., which has filed new applications for a structure that is about 50% larger than the original. The building will rise 12 floors (as opposed to 13 previously), and total 66,615 square feet of residential space, to be divided between 86 apartments. That translates into an average unit of about 770 square feet, indicative of rentals. SLCE Architects is designing, and demolition permits for the site’s former occupant were filed in June of 2015.