Red Sky Capital

Housing Lottery Launches for 658 Driggs Avenue in Williamsburg, Brooklyn

The affordable housing lottery has launched for 658 Driggs Avenue, a five-story mixed-use building in Williamsburg, Brooklyn. Designed by Morris Adjmi Architects and developed by Red Sky Capital, the structure yields 20 residences and 4,088 square feet of ground-floor commercial space. Available on NYC Housing Connect are six units for residents at 80 to 130 percent of the area median income (AMI), ranging in eligible income from $54,446 to $156,130.

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Permits Filed for 52-Story Skyscraper at 589 Fulton Street in Downtown Brooklyn

Permits have been filed for a 52-story mixed-use skyscraper at 589 Fulton Street in Brooklyn’s Downtown neighborhood. Bound by DeKalb Avenue to the north, Flatbush Avenue Extension diagonally to the east, Fulton Street to the south, and Bond Street to the west, the lot is steps from the DeKalb Avenue subway station, serviced by the B, Q, and R trains. Also within walking distance is the Nevins Street station, serviced by the 2, 3, 4, and 5 trains. RedSky Capital is reportedly the developer but Witkoff is listed as the owner behind the applications.

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