Melio is the first company to join Zero Irving, Union Square’s vertical technology campus and small business incubator. The fintech firm’s new office space will occupy 25,000 square feet spread across the building’s 15th and 16th floors.
Permits have been filed for a ten-story mixed-use building with affordable housing at 1638 Park Avenue in East Harlem, Manhattan. Located at the intersection of East 116th Street and Park Avenue, the corner lot is one block west of the 116 Street subway station, serviced by the 6 train. Bernard McNamee of Affect Property Group is listed as the owner behind the applications.
Work is continuing on the topped-out Brooklyn Tower, a 1,066-foot residential supertall at 9 DeKalb Avenue in Downtown Brooklyn and number six on our December countdown. Designed by SHoP Architects and developed by JDS, the 93-story tower holds the title of the tallest structure in the Outer Boroughs and will yield a total of 550 residences, with 150 for purchase, as well as a 100,000-square-foot retail podium bound by Flatbush Avenue Extension to the northeast, Fleet Street to the northwest, and DeKalb Avenue to the south. The Brooklyn Tower complex also includes the refurbishing and repurposing of the landmarked Dime Savings Bank of Brooklyn, which is being incorporated into the podium. Douglas Elliman is serving as the exclusive marketing, sales, and leasing agent. Thirty percent of rentals are designated as affordable housing units, and residences for purchase start over 500 feet above street level.
Demolition work is ramping up at 343 Madison Avenue, the site of a 1,050-foot commercial supertall in Midtown East and number seven on our end-of-year countdown. Designed by Kohn Pedersen Fox and developed by Boston Properties, the 55-story structure will rise from a 25,000-square-foot rectangular site between East 44th and 45th Streets that is currently occupied by a 15-story building that formerly housed the Metropolitan Transportation Authority headquarters. The new tower will yield 832,613 square feet of office space, 5,357 square feet of retail space, and 5,357 square feet of subterranean circulation paths to Grand Central Terminal and the future East Side Access project. Rezoning plans for 343 Madison Avenue were approved by the City Council in mid November.
The affordable housing lottery has launched for Rose Castle, a nine-story mixed-use building at 33 Little Nassau Street in Williamsburg, Brooklyn. Designed by Archimaera Architecture and developed by Riverside Developers, the structure yields 86 residences. Available on NYC Housing Connect are 59 units for residents at 70 to 130 percent of the area median income (AMI), ranging in eligible income from $50,709 to $167,570.