Naftali Group and Access Industries have closed on a $375 million construction loan to complete a three-tower development at 470-490 Kent Avenue in South Williamsburg, Brooklyn. Designed by Hill West Architects, the buildings will sit on the East River waterfront and top out at 16, 21, and 22 stories.
The New York City Council voted Tuesday, November 21 to approve Innovation QNS, a $2 billion mixed-use development that will bring 3,200 apartments to Astoria, Queens. The development team behind the property includes Kaufman Astoria Studios, Silverstein Properties, and BedRock Real Estate Partners, which was forced to price around 1,400 apartments, or nearly half of the planned units, below market rate.
Permits have been filed for a five-story mixed-use building at 132-29 Pople Avenue in Flushing, Queens. Located between College Point Boulevard and Saull Street, the lot is closest to the Main Street subway station, serviced by the 7 train. Ji Juan Lin of Pople Development Corp. is listed as the owner behind the applications.
Construction is complete on The Anable, an eight-story residential building at 10-64 Jackson Avenue in Long Island City, Queens. Designed by Zproekt and developed by BK Developers, the structure yields 22 homes in one- to three-bedroom layouts including duplexes spanning over 1,400 square feet, as well as ground-floor retail space. Modern Spaces in charge of leasing and marketing for the property, which is bound by Jackson Avenue to the north and 50th Avenue to the south.
The new public plaza at 550 Madison Avenue, a 37-story commercial skyscraper in Midtown East, is now open. Designed by Snøhetta, the landscape architect for the garden and the design architect for the tower repositioning, and developed by The Olayan Group and RXR Realty, the new privately owned public space (POPS) is enclosed with a 70-foot-tall steel-framed glass canopy and is part of a larger renovation of the Philip Johnson-designed postmodern landmark, along with a revamped lobby designed by Gensler. AECOM Tishman was the general contractor for the 21,000 square feet of renovations at the property, which is located between East 55th and 56th Streets.