The affordable housing lottery has launched for Union Channel, a nine-story mixed-use building at 240 3rd Avenue in Gowanus, Brooklyn. Designed by Fogarty Finger and developed by Charney Companies and Tavros Capital, the structure yields 224 residences. Available on NYC Housing Connect are 58 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $31,989 to $167,700.
Permits have been filed to expand a single-story structure into a four-story residential building at 366 Harman Street in Bushwick, Brooklyn. Located between Irving Avenue and Wyckoff Avenue, the lot is near the Myrtle-Wyckoff Avenues subway station, served by the L train. David Dong is listed as the owner behind the applications.
New renderings have recently been revealed for 930 McCarter Highway, a 25-story residential building under construction in Newark, New Jersey. Designed by MHS Architects and developed by Boraie Development, the 289-foot-tall structure will span 432,650 square feet and yield 265 market-rate rental units, 68 affordable units, 3,750 square feet of commercial and retail space, and a four-story parking garage capable of holding 240 vehicles. The development is rising on a 1.1-acre waterfront plot bound by the Passaic River to the east and the intersection of McCarter Highway and Center Street to the west.
Construction is complete on Journal Squared Tower 3, a 60-story residential skyscraper at 595 Pavonia Avenue in Jersey City, New Jersey. Designed by Handel Architects and HWKN and developed by KRE Group and National Real Estate Advisors, the 575-foot-tall tower is the final component in the $900 million, three-skyscraper Journal Squared complex, which yields a total of 2.3 million square feet above the Journal Square Transportation Center. Journal Squared Tower 1 and 2 stand 53 and 68 stories, respectively.
Construction is stalled on 2960 Brighton 4th Street, a 12-story residential building in Brighton Beach, Brooklyn. Designed by Dome Architecture for 4th Brighton Realty LLC, the 118-foot-tall structure will span 29,500 square feet and yield 22 condominium units with an average scope of 1,030 square feet, as well as an 8,950-square-foot parking garage for 21 vehicles. The property is located on a 9,450-square-foot plot by the intersection of Brighton 4th Street and Ocean View Avenue.
