The William Macklowe Company and Senlac Ridge Partners have secured $142.9 million to complete a new mixed-use complex in Park Slope, Brooklyn. Located at 120 Fifth Avenue, the development will comprise two individual buildings with 180 rental units, amenity spaces, a CVS Pharmacy, and the borough’s first Lidl Supermarket.
Façade work is nearing completion on 540 Hudson Street, a seven-story residential building in Greenwich Village. Designed by Morris Adjmi Architects and developed by Aurora Capital Associates and William Gottlieb Real Estate, the 63-foot-tall structure will yield 19 units spread across 48,535 square feet and 6,000 square feet of retail space on the ground floor and cellar. Titanium Construction Services is the general contractor for the property, which is also addressed as 111 Charles Street and is located at the corner of Hudson and Charles Streets.
New renderings from Urban Architectural Initiatives are the first to reveal Euclid Glenmore Apartments, an eight-story affordable housing property at 437 Euclid Avenue in East New York, Brooklyn. Designed by The Lantern Organization and Mega Contracting Group, which closed on $11.5 million in construction financing to complete the project, the building will comprise 135 units. A total of 81 units will be reserved for formerly homeless families, and the remainder for households at or below 60 percent area median income (AMI).
Developers, New York City officials, and community leaders recently joined to celebrate the grand opening of 425 Grand Concourse, a 26-story affordable housing property in Mott Haven, The Bronx. Designed by Dattner Architects and developed by Trinity Financial and local non-profit group MBD Community Housing Corporation, the 300,000-square-foot structure will yield 277 affordable apartments, an educational facility, a health clinic, a supermarket, and a community cultural space.
Permits have been filed for a 13-story mixed-use building with affordable housing at 261 Walton Avenue in Mott Haven, The Bronx. Located between East 138th Street and East 140th Street, the lot is near the 138 Street-Grand Concourse subway station, serviced by the 4 and 5 trains. Joshua Weissman of JCAL Development is listed as the owner behind the applications.