Mixed-Use


Housing Lottery Launches for 130 Hope Street in Williamsburg, Brooklyn

The affordable housing lottery has launched for 130 Hope Street, a seven-story mixed-use building in Williamsburg, Brooklyn. Designed by J Frankl Associates and Charles Mallea Architect and developed by Solomon Schwimmer under the Hope-Keap Owner LLC, the structure yields 143 residences, 72 parking spaces, and 740 square feet of commercial space. Available on NYC Housing Connect are 42 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $100,252 to $215,150.

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Demolition Finishes at 1357 Second Avenue on Manhattan’s Upper East Side

Demolition is wrapping up at 1357 Second Avenue, the site of a 21-story residential building in the Lenox Hill section of Manhattan’s Upper East Side. Developed by The Chetrit Group, which purchased the property for $47.2 million in 2018, the 230-foot-tall structure will yield 54 apartments spread across 150,000 square feet and 5,700 square feet of commercial space. The development also includes a four-story, 40-foot-tall annex that will yield an additional inventory of affordable housing units. CF East 72 Owner LLC is the owner and RIG Kingland Services is the general contractor for the project, which is located at the corner of Second Avenue and East 72nd Street.

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Excavation Begins for Rolex Headquarters Tower at 665 Fifth Avenue in Midtown, Manhattan

Excavation is underway for the new Rolex headquarters, a 28-story commercial building at 665 Fifth Avenue in Midtown. Designed by David Chipperfield Architects and developed by the Rolex Realty Company, the 419-foot-tall structure will yield 199,000 square feet of office and retail space for the world-famous watchmaker. Pavarini McGovern is the general contractor for the project, which is located at the corner of Fifth Avenue and East 53rd Street.

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