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‘Sol On Park’ Affordable Senior Housing Project Secures Financing At 3728 Park Avenue In Claremont, The Bronx

Developers have secured a $214 million financing package for Sol on Park, an affordable housing development at 3728 Park Avenue in Claremont, The Bronx. Designed by Magnusson Architecture and Planning and developed through a partnership between NYCHA, the New York City Department of Housing Preservation and Development (HPD), the New York City Housing Development Corporation (HDC), The NRP Group, Selfhelp Realty Group, and Foxy Management, the structure will deliver 229 permanently affordable apartments for older New Yorkers. The project is located at the northeast corner of Park Avenue and St. Paul’s Place, on New York City Housing Authority’s (NYCHA) Morris Houses campus.

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Housing Lottery Launches for 645 Park Place in Crown Heights, Brooklyn

The affordable housing lottery has launched for 645 Park Place, an eight-story residential building at 711 Franklin Avenue in Crown Heights, Brooklyn. Designed by DXA Studio for the RW 705 Franklin LLC, the structure yields 58 residences. Available on NYC Housing Connect are 18 units for residents at 80 to 130 percent of the area median income (AMI), ranging in eligible income from $74,778 to $238,160.

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262 Fifth Avenue. Rendering courtesy of Hayes Davidson.

Exclusive New Renderings Revealed for 262 Fifth Avenue in NoMad, Manhattan

YIMBY has obtained exclusive new renderings of 262 Fifth Avenue, a 52-story residential skyscraper under construction in NoMad, Manhattan. Designed by Meganom and developed by Boris Kuzinez of Five Points Development, the 860-foot-tall structure will yield 26 full-floor and duplex condominium units with an average scope of 3,200 square feet, including at least one quadruplex unit. SLCE Architects is the executive architect for the property, which is located at the southwest corner of Fifth Avenue and West 29th Street.

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170K Square Foot Logistics Center Completes Construction In Hamilton, New Jersey

Construction is complete on the Logistics Center at Hamilton, a 170,800-square-foot Class A industrial facility at 600 Horizon Drive in Hamilton Township, New Jersey. Developed by FRP Development Corp. in a joint venture with DWS, the approximately 15-acre project delivers modern warehouse space in the Hamilton submarket at the intersection of Interstate 195 and Route 130. It is the company’s first completed logistics development in the state.

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