YIMBY recently visited Red Hook, Brooklyn to check in on five low-rise residential and commercial buildings under construction. The projects are all located west of Dwight Street in the northern end of the district, within walking distance of the Red Hook ferry terminal, and are emblematic of the city’s steady transformation of former industrial areas into vibrant mixed-use communities.
Naftali Group and Access Real Estate have secured a $374.35 million refinancing for Phase I of Williamsburg Wharf, a 3.75-acre waterfront development at 470 Kent Avenue in Williamsburg, Brooklyn. The loan was provided by Barings and refinances the project’s first phase, which includes the rental buildings Two, Three, and Four Williamsburg Wharf. The property is bounded by South 10th Street to the north, Division Avenue to the south, Kent Avenue to the east, and Wallabout Channel to the west.
Developer Pedro Gomes is set to transform a set of vacant lots at 253 and 273 Orange Streets in to a 14- and 17-story residential building in the University Heights section of Newark, New Jersey. Designed by Musial Group, 253 Orange Street, aka Christiano, will yield 85 units in studio to two-bedroom layouts, while 273 Orange Street will yield 140 units. Both properties are located between Clifton Avenue and Nesbitt Street.
Construction is complete on Bethany Senior Terraces, a four-story affordable housing building at 610 East 40th Street in East Flatbush, Brooklyn. Designed by Paul A. Castrucci Architects and developed by RiseBoro Community Partnership Inc., the $48 million project yields 57 affordable apartments for seniors aged 55 and older, including homes with supportive services. The property is located mid-block between Avenue D and Foster Avenue, and was formerly occupied by two vacant buildings owned by Bethany Methodist Home for the Aged.
Construction is complete on Rockaway Village, an eight-building mixed-use complex in Far Rockaway, Queens. Designed by Marvel and developed by Phipps, the project was constructed in five phases and yields a total of 1,700 affordable homes along with 125,000 square feet of commercial and community facility space. The masterplan also features a supermarket, pharmacy, coffee shop, and more than 550 parking spaces, all connected by landscaped public plazas. The development is bounded by Nameoke Avenue to the north, Mott Avenue to the south, Central Avenue to the east, and Redfern Avenue to the west.