Below-grade work is continuing to progress at 625 Fulton Street, the site of a planned 35-story tower in Downtown Brooklyn. Designed by Fischer Rasmussen Whitefield Architects and developed by Rabsky Group, which closed on $450 million in construction financing from Madison Realty Capital, the building will yield 1,098 units, 26,000 square feet of retail space, and a parking garage for up to 250 vehicles. The project has gone through numerous design iterations since its conception, including work by Skidmore Owings & Merrill, and is located on a plot bound by Fulton Street to the south, Hudson Avenue to the west, Rockwell Place to the east, and the 34-story 80 DeKalb Avenue to the north.
The affordable housing lottery has launched for Rheingold Bushwick, a seven-story mixed-use building at 10 Montieth Street in Bushwick, Brooklyn. Designed by ODA Architecture and developed by Rabsky Group, the structure yields 392 residences. Available on NYC Housing Connect are 100 units for residents at 60 percent of the area median income (AMI), ranging in eligible income from $33,498 to $77,340.
The Rabsky Group recently closed on a $72 million construction loan to complete a new high-rise residential building at 240 Willoughby Street in Fort Greene, Brooklyn. Provided by SCALE Lending, the construction loan will also fund the renovation of an existing 21-story, 189-unit multifamily development within the same complex.
Permits have been filed for a five-story mixed-use building at 12 Rockwell Place in Fort Greene, Brooklyn. Located between Dekalb Avenue and Fulton Street, the through lot is also addressed as 623 Fulton Street. The site is within walking distance of the Dekalb Avenue subway station, serviced by the B, Q, and R trains and the Nevins Street station, serviced by the 2, 3, 4, and 5 trains. Rabsky Group under the 625 Fulton A LLC is listed as the owner behind the applications.
Construction is finishing up on Bevel LIC, an 18-story residential building at 42-20 27th Street in Long Island City, Queens. The project is designed by ODA and developed by Rabsky Group with Durukan Design as the interior designer. Fiddler Realty and City View Living are in charge of marketing the property’s 202 units.