Jonathan Kushner’s KRE Group has received a $40 million tax break for their planned 17-story, 397-unit mixed-use building planned at 515 Marin Boulevard, in Jersey City’s Hamilton Park neighborhood. Twenty percent of the tower’s units will be affordable, and commercial space will measure roughly 20,000 square feet on the ground floor. The site is currently a parking lot, and groundbreaking is expected next month for an August 2017 completion, according to The Jersey Journal.
In April, YIMBY noted excavation was underway at 181 Front Street, in Dumbo, where Megalith Capital Management and Urban Realty Partners are building a 12-story, 105-unit rental building, which will also have 1,490 square feet of retail on the ground floor. Now, foundation work is beginning, according to Brownstoner. The project also consists of the conversion at 200 Water Street, where 15 condominiums are planned, and Aufgang Architects is designing, with completion slated for 2016.
Back in 2012, the LPC approved plans for a 12-story, 14-unit mixed-use building at 688 Broadway, in NoHo, and now Curbed has spotted the project’s teaser site, which comes with a rendering of the entrance at…
The City’s EDC has confirmed the redevelopment of the parking lot at 493 11th Avenue, on West 39th Street in Midtown West, according to DNAinfo. The City will request proposals this summer for a permanently all-affordable housing tower, which will also have retail and community space on the lower levels. The site was previously said to allow for a 45-story, 300-unit building, and was formerly occupied by a six-story slaughterhouse, demolished in the 1980’s.
Stephen Oliver, owner of the restaurant at 9701 3rd Avenue, in southern Bay Ridge, has revealed plans to demolish the existing single-story building to make-way for a condominium project. According to Gothamist, the new building will have 20 units, and the restaurant will return to the ground floor when construction is complete. Oliver hasn’t announced who will develop the project, but the restaurant will close for demolition in two or three months. The site is located two blocks south of the R train’s final stop at 95th Street.