A local development team is in pursuit of amendments to existing zoning ordinances to facilitate the construction of a three-building development in Borough Park, Brooklyn. Located on a multi-lot assemblage at 1501-1555 60th Street, the complex would replace a cluster of low-rise properties including a small medical office, warehouses, an automotive shop, minor residential properties, and associated parking areas.
Affordable and supportive housing developer Camper Property Group‘s latest project for low-income households and the formerly homeless is set to break ground at 913 East Tremont Avenue in West Farms, The Bronx. The estimated construction cost for the project is approximately $50 million, which is funded in part through tax-exempt bond financing, as of right tax credit equity provided by Wells Fargo, and public subsidies from the New York State Housing Finance Agency and New York State Homes and Community Renewal.
The Cappelli Organization, a development firm based in Valhalla, NY, has revealed new proposals for a 28-story mixed-use building in Downtown New Rochelle. Located at 247 North Avenue, the site spans nearly 25,000 square feet and is currently occupied by a surface-level parking lot and a low-rise commercial building.
Construction is around two-thirds of the way to the parapet at 800 Flatbush Avenue, aka Caton Flats, in Flatbush, Brooklyn. Work has moved along rapidly on the 255-unit affordable housing complex since construction began in May of 2019. The mixed-use development will also house the Flatbush-Caton Market, which originally occupied the site and is temporarily operating a few blocks south at 2184 Clarendon Road. The project is designed by Magnusson Architecture and Planning and developed by the Department of Housing Preservation and Development, the Housing Development Corporation, the Caribbean-American Chamber of Commerce and Industry, and the BRP Companies.
The Sayerville Planning Board has approved construction of a waterfront community that will soon become one of the largest redevelopment projects in New Jersey history. Known simply as Riverton, the multi-phase development will occupy 418 acres near the Driscoll Bridge along the Raritan River.