The affordable housing lottery has launched for The Cascade G, a six-story residential building at 869 Myrtle Avenue in Bedford-Stuyvesant, Brooklyn. The 56,487-square-foot development is designed by MGA Architecture and will yield 45 units. Available on NYC Housing Connect are 44 units for residents at 60 percent of the area median income (AMI), ranging in eligible income from $37,886 to $88,800.
Exterior work is closing in on completion on Front & York, a 1.1-million-square-foot residential development at 85 Jay Street in DUMBO, Brooklyn. Designed by Morris Adjmi Architects and developed by CIM Group and LIVWRK, the full-block project consists of a pair of 21-story buildings that rise from a multi-level podium. The property will yield a total of 728 apartments with prices for the 408 condominiums starting around $950,000.
Façade installation is nearing completion on One Clinton, a 409-foot-tall mixed-use tower at 280 Cadman Plaza West in Brooklyn Heights. Designed by Marvel Architects and developed by Hudson Companies, the 36-story, 295,000-square-foot structure will yield 134 residential units, a 9,000-square-foot STEM research center, and One Clinton Street Library, a new public library to replace the former Brooklyn Heights Library that once stood on the site. One Clinton sits on a narrow triangular plot bound by Clinton Street and Cadman Plaza West.
The Hudson Companies has partnered with two of New York City’s largest municipal pension funds to build new work force housing in the five boroughs and Nassau, Suffolk, Westchester, Putnam, Orange, and Rockland counties. In collaboration with the New York City Employees’ Retirement System, and the Teachers’ Retirement System of the City of New York, the investment is valued at $250 million.
The affordable housing lottery has launched for 25-49 38th Street, a four-story residential building in Astoria, Queens. Available on NYC Housing Connect are seven units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $83,418 to $167,570.
