The affordable housing lottery has launched for 44 Kent Street, a five-story residential building on the waterfront of Greenpoint, Brooklyn. Developed by Loketch Group and designed by ND Architecture, the structure yields 42 residences and ground-floor commercial space. Available on NYC Housing Connect are 13 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $69,360 to $167,570.
Permits have been filed for a seven-story mixed-use building at 1241 Bedford Avenue in Bedford-Stuyvesant, Brooklyn. Located at the intersection of Bedford Avenue and Fulton Street, the 4,710-square-foot lot is two blocks west of the Nostrand Avenue subway station, serviced by the A and C trains. Nicole Kalabalik of Frank Properties LLC is listed as the owner behind the applications.
Work continues to progress on the hotel and residential conversion of the 100-year-old Crown Building at 730 Fifth Avenue in Midtown into the Aman New York. Designed by Jean-Michel Gathy and developed by OKO Group, the project involves the construction of a low-rise annex and the restoration and repurposing of the original 26-story structure, which was designed by Warren and Wetmore and served as the first home of the Museum of Modern Art. The property is located at the corner of Fifth Avenue and West 57th Street.
Today’s housing lottery round-up features eight buildings in Brooklyn and Manhattan with available affordable units on Housing Connect with deadlines closing within the next seven days.
Construction is rising rapidly on Disney’s 1.2-million-square-foot headquarters at 137 Varick Street in Hudson Square. Alternately addressed as Four Hudson Square, the 22-story, 338-foot-tall structure is designed by Skidmore, Owings & Merrill and is being developed by Silverstein Properties. The media giant purchased the parcel from Trinity Church Real Estate for $650 million and Skanska was responsible for the demolition of four structures that wrapped up last summer. Lendlease is in charge of constructing the new headquarters, which is bound by Varick Street to the east, Spring Street to the south, Hudson Street to the west, and Vandam Street to the north.