Domain Companies has closed on a $176 million construction loan to complete a 360-unit two-tower development at 420 Carroll Street in Gowanus, Brooklyn. Designed by FXCollaborative, the waterfront property will comprise a 20-story tower, a 15-story tower, and a publicly accessible connection to the Gowanus Canal promenade.
Construction has topped out on 35 Commercial Street, a 22-story residential building in the Greenpoint Landing master plan in Greenpoint, Brooklyn. Designed by Handel Architects and developed by Park Tower Group along with Greenpoint Landing Associates, New York City’s Housing Preservation & Development (HPD), and the Housing Development Corporation (HDC), the 344,463-square-foot structure will yield 373 affordable housing units spread across 311,471 square feet, as well as 7,600 square feet of commercial space. Monadnock Construction is the general contractor for the property, which is located at the intersection of Bell Slip to the west and Commercial and Clay Streets to the south.
The affordable housing lottery has launched for 1399 Myrtle Avenue, a nine-story mixed-use building in Bushwick, Brooklyn. Designed by Angelo Ng and Anthony Ng Architects Studio and developed by Yao Zhang under the 1397 Myrtle LLC, the structure yields 49 residences, 34 enclosed parking spaces, ground-floor commercial space, and community facility space on the second floor. Available on NYC Housing Connect are 15 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $66,000 to $187,330.
Permits have been filed to expand a two-story structure into a four-story residential building at 433 Vermont Street in East New York, Brooklyn. Located between Blake Avenue and Sutter Avenue, the interior lot is two blocks from the Van Siclen Avenue subway station, serviced by the A and C trains. Joel Friedman is listed as the owner behind the applications.
Leasing has launched for The Arch, a 16-story residential building at 1101 President Street in Crown Heights, Brooklyn. Designed by Marvel Architects and developed by Brooklyn-based BFC Partners, the structure yields 323 rental units in studio to three-bedroom floor plans.
