The affordable housing lottery has launched for 249 North 5th Street, a seven-story mixed-use building in Williamsburg, Brooklyn. The 42,000-square-foot development is also addressed as 70 Havemeyer Street and yields 48 units. Available on NYC Housing Connect are 15 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $73,920 to $167,570.
Construction is complete on 21-59 44th Drive, a six-story mixed-use building in Long Island City, Queens. Designed by Z Architecture, the rectilinear reinforced concrete structure yields 20 residential units, 2,600 square feet of ground-floor retail space, and 361 square feet of community facilities on a plot of land bound by 44th Drive to the south and 23rd Street to the east.
Leasing has officially kicked off at One Boerum Place, a 22-story rental building in Downtown Brooklyn. The new development introduces 96 apartments ranging from one- to four-bedroom layouts and a suite of amenities.
Construction is continuing to progress on the residential conversion of the 90-year-old One Wall Street, a 564-foot-tall Art Deco skyscraper in the Financial District. Developed by Macklowe Properties, the project is expected to cost $1.5 billion and also features an exterior addition designed by SLCE Architects. The undertaking is the largest office-to-residential conversion in New York City history and will feature 566 new units with sales handled and marketed by Compass, as well as a new 44,000-square-foot Whole Foods Market and a Life Time fitness center on the lower levels. The site is bound by Broadway to the west, Wall Street to the north, New Street to the east, and Exchange Place to the south.
New renderings have been released for 343 Madison Avenue, a proposed 1,050-foot-tall office supertall in Midtown East. Designed by Kohn Pedersen Fox and developed by Boston Properties, the 753,120-square-foot structure would contain 748,618 square feet of office space, 2,130 square feet of retail space, and 2,372 square feet that will connect below grade to the future East Side Access project with subterranean circulation paths toward Grand Central Terminal. The building is planned to rise in place of the former Metropolitan Transportation Authority headquarters on half of the block between Madison and Vanderbilt Avenues and East 44th and 45th Streets.