Excavation has begun at 241 West 28th Street, the site of a 22-story, 479-unit residential project in Chelsea. Designed by COOKFOX for MAG Partners, Atalaya, Safanad, and Qualitas, the two-tower development is progressing due to $173 million in construction financing arranged by Maverick Commercial Properties. MAG Partners acquired the property, which is located between Seventh and Eighth Avenues, in December 2018 and established a 99-year ground lease with Edison Properties. Thirty percent of the residential units will be reserved for low- and middle-income households.
The affordable housing lottery is open for Fulton Street Apartments, two four-story mixed-use buildings developed by Aron Schwartz in Cypress Hills, Brooklyn. 2741 Fulton Street is designed by Diego Aguilera Architects. The ten-unit building will yield 11,233 square feet with three units designated as affordable housing. Available on NYC Housing Connect is a one-bedroom and two two-bedroom units for residents at 130 percent of the area median income, ranging in eligible income from $66,858 to $159,640. 2746 Fulton Street is designed by Studio Gallos. The nine-unit building will yield 9,409 square feet with one unit designated as affordable housing. Available on NYC Housing Connect is one two-bedroom units for residents at 130 percent of the area median income, ranging in eligible income from $82,286 to $159,640.
The J Associates have revealed the first architectural renderings of a new 13-story mixed-use building in Long Island City. The property will take shape at 26-04 Jackson Avenue and will replace a three-story building with ground-floor commercial space and two floors of apartments.
Construction is rising at 2551-2555 Broadway, a 22-story residential project on Manhattan’s Upper West Side. Located at the corner of Broadway and West 96th Street, the 276,578-square-foot structure is designed by Stephen B. Jacobs Group and is being developed by Extell, which purchased the property for $80 million in a sale facilitated by Eastern Consolidated. The building will yield 215,866 square feet of residential space with 130 units, likely condominiums with an average scope of 1,660 square feet, as well as 9,080 square feet of commercial space.
DXA Studio will again appear before the Landmarks Preservation Commission (LPC) with updated plans to renovate and expand a landmarked warehouse building near Union Square. The property is located at 827-831 Broadway and was formerly the home of artists Willem and Elaine de Kooning.