Construction is rising rapidly on The Nova, a 24-story residential project at 41-05 29th Street in Long Island City, Queens. Designed by Fogarty Finger and developed by SB Development Group, the 290-foot-tall structure will yield 86 homes and ground-floor retail space on a triangular plot at the confluence of 29th Street and 41st Avenue. The developers recently secured a construction loan from SCALE Lending worth $55 million to complete the project.
Proposals to construct a new eight-story mixed-use building in Greenpoint, Brooklyn are now under review by the Department of City Planning. The property is located on a wedge-shaped corner plot at 1 Wythe Avenue and will require rezoning before construction can begin.
Exterior work is nearing the closing stages on Parcel G, a 34-story residential building in Hunters Point South, Queens. Designed by Handel Architects and developed by Gotham Organization, the 443-unit tower stands alongside Parcel F, its taller sibling, and is located by the intersection of 2nd Street and 56th Avenue. Parcel F will have a number of units dedicated to affordable housing, as well as a community facility for Flux Factory and kayak rentals on the lower levels of the edifice. Both towers occupy a formally empty plot perched atop a hill overlooking the Hunters Point South Park Extension. This 1.5-acre tidal marsh has winding walkways, green lawns, boardwalks, and lush landscaping, all carefully designed as a buffer against storm surges.
The Department of City Planning is reviewing proposals to construct a 4.65-acre mixed-use affordable housing development near the Metro-North Station in Wakefield, The Bronx. If approved, the six-building complex would create approximately 1,200 income-restricted apartments, 28,000 square feet of retail space, 87,000 square feet of community facilities, 130,000 square feet of publicly accessible open space, and 600 parking spaces.
Construction has passed the halfway mark on Parcel F, a 58-story residential tower in Hunters Point South, Queens. Designed by Handel Architects and developed by Gotham Organization, the structure will yield 689 residential units alongside Parcel G, its 34-story, 443-unit sibling. A grade school will be located in the podium of the complex, between the two ground-up towers. The property sits at the confluence of the East River and Newtown Creek, bound by Center Boulevard to the north, 56th Avenue to the east, and 57th Avenue to the west.