The affordable housing lottery has launched for 369 Quentin Road, a nine-story residential building in Gravesend, Brooklyn. Designed by RSLN Architecture, MEP systems engineered by RAAD, and developed by Abeco Organization, the structure yields 40 residences. Available on NYC Housing Connect are 14 units for residents at 80 percent of the area median income (AMI), ranging in eligible income from $77,349 to $154,080.
Construction is continuing on THE 74, a 32-story residential tower at 201 East 74th Street on Manhattan’s Upper East Side. Designed by Pelli Clarke & Partners with SLCE Architects as the architect of record and developed by Elad Group, which purchased the property for $61 million in April 2022, the 420-foot-tall structure will yield 42 condominium units and a collection of residential amenities. Rafael de Cardenas is the interior designer for the amenity spaces and the residences, which are being marketed by Douglas Elliman Development Marketing and will include half-floor two- and three-bedroom units, full-floor four- and five-bedroom homes, a single free-standing townhome, and a duplex penthouse. The property is alternately addressed as 1299 Third Avenue and located on an interior lot facing Third Avenue with two small panhandle extensions to East 74th and East 75th Streets.
Construction has surpassed the halfway mark on 520 Fifth Avenue, an 88-story residential supertall skyscraper in Midtown, Manhattan. Designed by Kohn Pedersen Fox and developed by Rabina, the 1,002-foot-tall structure will span 415,000 square feet and yield 100 condominium units, a residents-only amenity floor on level 88, boutique office floors, a private members only club called Moss, and four cellar levels. The project is located at the northwest corner of Fifth Avenue and West 43rd Street, one block north of Bryant Park.
>On Monday, April 29, New York City Mayor Eric Adams kicked off the public review process for “City of Yes for Housing Opportunity,” a proposal aimed at tackling the city’s housing crisis. The plan, which is the most pro-housing proposal in the city’s history, aims to create more housing in every neighborhood through substantial zoning changes.
Construction has reached the halfway mark on 1487 First Avenue, a 35-story residential building on Manhattan’s Upper East Side. Designed by Hill West Architects and developed by Carmel Partners, which purchased the property from Robert Chou for $73.5 million in early 2022, the 404-foot-tall structure will yield 206 condominium units, 7,120 square feet of ground-floor retail space, and a cellar level. CP VII 78th Street Owner is the owner and Carmel Construction East is the general contractor for the project, which is located at the southwestern corner of First Avenue and East 78th Street.
