Permits have been filed for a nine-story mixed-use building at 2741 Creston Avenue in Jerome Park, The Bronx. Located between East 196th Street and East 198th Street, the lot is near the Kingsbridge Road subway station, serviced by the 4 train. Boris Babakhanov of Bolex GC Corp. is listed as the owner behind the applications.
The affordable housing lottery has launched for 627 Franklin Avenue, a six-story mixed-use building in Crown Heights, Brooklyn. Designed by Issac & Stern Architects and developed by Zohar Zauber under the 627 Franklin Avenue LLC, the structure yields ten residences. Available on NYC Housing Connect are three units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $111,498 to $187,330.
Exterior work is progressing on 509 Third Avenue, a 35-story residential tower in Murray Hill. Designed by Ismael Leyva Architects and developed by Kahen Properties with Lalezarian Properties under the Third and Thirty Four LLC, the 386-foot-tall structure will span 166,917 square feet and yield 229 units with an average scope of 692 square feet, as well as 8,253 square feet of retail space and a 30-foot-long yard. Charlton Development Group is the general contractor for the project, which is located at the corner of Third Avenue and East 34th Street.
The affordable housing lottery has launched for 1463 New York Avenue, a six-story mixed-use building in East Flatbush, Brooklyn. Designed by Vikatos Architect and developed by Balanced Living Development, the structure yields 17 residences. Available on NYC Housing Connect are six units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $68,572 to $187,330.
Construction has topped out on 278 Eighth Avenue, a 14-story mixed-use building in Chelsea, Manhattan. Designed by FXCollaborative and developed by Alchemy-ABR Investment Partners and Chelsea 23rd Realty Corporation, an LLC affiliated with JJ Operating, the 175-foot-tall structure will yield 132,700 square feet with 190 rental apartments and multiple levels of retail space. Square Mile Capital and Pacific Western Bank provided $183 million in construction financing for the project, which is being constructed by Leeding Builders Group between West 23rd and West 24th Streets.
