Housing Lottery Launches for Pacific Park at 595 Dean Street in Prospect Heights, Brooklyn

The affordable housing lottery has launched for 595 Dean Street, a two-tower mixed-use development part of Pacific Park in Prospect Heights, Brooklyn. Designed by Handel Architects and developed by TF Cornerstone, the structure yields with 558 market-rate apartments, 240 affordable housing units, a 60,000-square-foot public plaza, and 3,412 square feet of ground-floor retail space. Available on NYC Housing Connect are 240 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $78,515 to $187,330.

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305 East 61st Street’s Residential Conversion Progresses on Manhattan’s Upper East Side

Renovation and expansion work is progressing on 305 East 61st Street, an 11-story former storage facility in the Lenox Hill section of Manhattan’s Upper East Side. Designed by ADG Architecture and Design and developed by Madison Realty Capital and Alex Forkosh of Forkosh Development Group under the ASF 61 LLC, the project involves a 30-foot vertical addition to the 130-foot-tall structure and the conversion of its 66,200 square feet of interiors to support 35 condominium units in studio to two-bedroom layouts, as well as 8,180 square feet of retail space on the ground floor and mezzanine level. Honest & Quality Corp. is the general contractor for the property, which is located between First and Second Avenues.

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