Mayor Eric Adams announced that New York City has achieved consecutive record-breaking years for creating affordable housing and connecting New Yorkers to it. In the 2024 fiscal year, the city financed a combined 28,944 affordable and public housing units through new construction and preservation initiatives.
Permits have been filed for a five-story commercial building at 78-07 51st Avenue in Elmhurst, Queens. Located between Hillyer Street and Queens Boulevard, the lot is near the Elmhurst Avenue subway station, serviced by the E, F, M, and R trains. Danny Turkel of Liberty One Construction LLC is listed as the owner behind the applications.
Façade installation is nearing completion on 140 Hillside Avenue, a seven-story residential building in Fort George, Manhattan. Designed by J Frankl Associates and developed by Read Property Group, the structure will span 26,466 square feet and yield 20 condominium units with an average scope of more than 1,000 square feet, including two penthouse units, as well as residential amenities and a cellar level. The development stands on a formerly vacant lot between Nagle Avenue to the north and Sickles Street to the southwest, and between the neighborhoods of Washington Heights and Inwood.
Construction is finishing up on The Frame, a six-story residential building at 31-19 29th Street in Astoria, Queens. Designed by NiZa Works and developed by Silverline Group, the 75-foot-tall structure will span 7,477 square feet and yield 20 condominium units along with a cellar and a 43-foot-long rear yard. The ground-up development is located on an interior plot between 31st Avenue to the north and Broadway to the south.
Corem AB and GDS Development Management have signed a five-year lease with Injective Labs at 28&7, a new 12-story Class A office building designed by Skidmore, Owings & Merrill at 205 West 28th Street in Chelsea, Manhattan. The company is leasing 8,685 square feet of office space on the building’s tenth floor.
