Xin Development Group has closed on a $45 million inventory loan for The Oosten Condominiums in South Williamsburg, Brooklyn. The owner and developer will use the inventory loan to pay off remaining construction loans secured to finance completion of the property.
Think Architecture & Design
The Department of City Planning (DCP) is now reviewing proposals to construct two new affordable housing properties for seniors and a charter school in Arvene, Queens, a waterfront neighborhood on the Rockaway Peninsula. The proposed buildings will take shape along Beach 67th Street between Beach Channel Drive and Thursby Avenue.
Renderings from THINK Architecture & Design were recently presented to the Department of City Planning in lengthy proposals to rezone a busy corner of Far Rockaway, Queens. The project comprises two adjacent parcels on Beach 67th and 68th Streets between Thursby Avenue and Beach Channel Drive. “Development Site 1” sits mid-block on Beach 67th Street and comprises six neighboring lots. “Development Site 2” is a through-block lot on Beach 68th Street with additional frontage along Beach 67th Street. Zoning amendments are required to facilitate all construction.
Permits have been filed for a seven-story mixed-use building at 432 Thatford Avenue in Brownsville, Brooklyn. Located at the intersection of Newport Street and Thatford Avenue, the corner lot is two blocks south of the Rockaway Avenue subway station, serviced by the 3 train. Non-profit developer The Bridge is listed as the owner behind the applications.
Permits have been filed for a 12-story mixed-use building at 40-18 76th Street in Elmhurst, Queens. Located between Broadway and Roosevelt Avenue, the through lot is two blocks east of the Roosevelt Avenue – Jackson Heights subway station, serviced by the 7, E, M, F, and R trains. Maxim Properties under the Broadway Roosevelt Junction LLC is listed as the owner behind the applications.