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Renderings Reveal Four-Tower ‘Iberia’ Master Plan in Newark, New Jersey

8:00 am on March 16, 2025 By Michael Young

New renderings have been revealed for Iberia, a four-tower residential complex that was recently approved for 450-466 Market Street and 31-39 Jefferson Street in the Ironbound neighborhood of Newark, New Jersey. Designed by MHS Architecture, the $803 million development will rise between 26 and 30 stories tall and yield 1,402 rental units, with 283 designated for low-income housing. The complex will also contain more than 100,000 square feet of residential amenities. The property is bound by Market Street and Raymond Boulevard to the northeast, Congress Street to the northwest, Jefferson Street to the southeast, and Ferry Street to the southwest.

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171 Montrose Avenue Rises Above Street Level in Williamsburg, Brooklyn

7:30 am on March 16, 2025 By Michael Young

Construction is rising on 171 Montrose Avenue, a four-story residential building in Williamsburg, Brooklyn. Younes Abouyaala of AA Building & Inspection Services is listed as the engineer of record for the mixed-use project, which will stand 69 feet tall and yield nine rental units with an average scope of 833 square feet. The project will also include a 35-foot-long rear yard, a community facility in the cellar level, and ground-floor retail space. One of the units will be a penthouse. The property is located on an interior lot between Humboldt Street to the east and Avenue of Puerto Rico to the west.

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Example artwork, via downtownny.com

NYC Downtown Alliance Announces Partnership With ArtBridge To Beautify Lower Manhattan Construction Sites

7:00 am on March 16, 2025 By Max Gillespie

The Downtown Alliance has announced a new partnership with NYC arts nonprofit ArtBridge to enhance the aesthetics of Lower Manhattan’s construction sites. This program will allow property owners to transform sidewalk sheds and construction fencing with curated artwork, contributing to a more visually engaging streetscape. It is made possible by Local Law 163, passed in 2023 by the NYC Department of Buildings, which requires property owners erecting temporary protective structures to either display artwork or formally opt out.

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Housing Lottery Ends Next Week for 3641 Johnson Avenue in Riverdale, The Bronx

6:30 am on March 16, 2025 By Vanessa Londono

The affordable housing lottery has launched for 3641 Johnson Avenue, an eight-story residential building in Riverdale, The Bronx. Designed by Michael Kang Architect and developed by C&Z Realty Development, the structure yields 26 residences. Available on NYC Housing Connect are eight units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $81,429 to $218,010.

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Construction Progresses on South Brooklyn Marine Terminal in Sunset Park, Brooklyn

8:00 am on March 15, 2025 By Michael Young and Matt Pruznick

Construction is progressing on the South Brooklyn Marine Terminal, a 73-acre project to support the development of the Empire Wind 1 offshore wind farm. Developed by the New York City Economic Development Corporation (NYCEDC) and Sustainable South Brooklyn Marine Terminal (SSBMT), a joint venture of Red Hook Terminals and Industry City, the complex will serve as a staging and assembly site for the wind farm’s turbine components and will feature a substation to connect the wind power to the city’s grid. The $861 million project is located on the border of Sunset Park and Greenwood Heights between 29th and 39th Streets on the western side of 2nd Avenue.

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