JLL Capital Markets has arranged $52 million in construction financing for 133 East 55th Street, a new apartment building in Midtown East, Manhattan. The financing was secured on behalf of a joint venture between Rybak Development and BK Developers, with Emerald Creek Capital providing the funds.
The affordable housing lottery has launched for 300 East 83rd Street, 22-story residential building on the Upper East Side of Manhattan. Designed by SLCE Architects and developed by Lalezarian Properties, the structure yields 70 residences. Available on NYC Housing Connect are 28 units for residents at 70 to 130 percent of the area median income (AMI), ranging in eligible income from $59,280 to $218,010.
Permits have been filed for a seven-story residential building at 4563 Furman Avenue in Wakefield, The Bronx. Located between East 239th Street and East 240th Street, the lot is one block from the Wakefield- 241st Street subway station, serviced by the 2 train. Elvis Dushi is listed as the owner behind the applications.
Facade installation continuing to progress at 18 West 55th Street, a topped-out 26-story residential building in Midtown, Manhattan. The Glass Fiber Reinforced Concrete (GFRC) panel facade is being installed by PG New York. Designed by Morris Adjmi Architects and developed and built by Skyline Developers, which purchased the property for $83 million in 2017 under the 18 West 55th Street LLC, the 289-foot-tall structure will span 152,084 square feet and yield 97 rental units with an average scope of 1,319 square feet, as well as 6,380 square feet of ground-floor commercial space and a 10,343-square-foot cellar level. The ground-up project is located on a formerly vacant interior lot between Fifth and Sixth Avenues, next to the Peninsula Hotel.
The New York City Department of Cultural Affairs and the New York City Department of Design and Construction have announced the start of a renovation project for the Brooklyn Children’s Museum at 145 Brooklyn Avenue in Crown Heights, Brooklyn. This project aims to rebuild the museum’s retaining walls and modernize its courtyard and terraces, creating 20,000 square feet of accessible outdoor space for young visitors and their families. The $15 million project will be funded by the Mayor’s Office, City Council, and the Brooklyn Borough President’s Office.
