The affordable housing lottery opened yesterday for The Garnet, an 11-story mixed-use development at 1620 Fulton Street in Bedford Stuyvesant, Brooklyn. Developed by BFC Partners and designed by Shakespeare Gordon Vlado Architects, the 106,672-square-foot building will yield 130 units. Available on NYC Housing Connect are 94 units for residents at 50 to 150 percent of the area median income, ranging in eligible income from $25,372 to $184,200. Approximately 50 percent of the apartments will be set aside for community board residents.
On the heels of YIMBY’s reveal of official renderings for Project Commodore, a 1,646-foot supertall project at 175 Park Avenue in Midtown East, we’ve collected a number of illustrations that showcase Midtown’s future tallest structure’s impact on the New York skyline. Designed by Skidmore Owings & Merrill and developed by RXR Realty and TF Cornerstone, the 83-story skyscraper is planned to rise from the site of the Grand Hyatt New York and yield 500 Hyatt hotel rooms on the upper floors spanning 453,000 square feet; 10,000 square feet of retail space on the ground and cellar levels; and 2.1 million square feet of office space.
Exterior work is moving along on 22 Chapel Street, a 20-story residential building in Downtown Brooklyn. Designed by CetraRuddy and developed by Delshah Capital and OTL Enterprises, the 211-foot-tall structure spans 133,181 square feet and will yield a total of 180 apartments, of which 25 will be designated for affordable housing. The property will also house START Treatment & Recovery Centers, New York’s largest independent drug treatment agency.
Arch Companies and AB Capstone have secured $106 million in construction financing from Madison Realty Capital for a mixed-use tower at 3-50 St. Nicholas Avenue in Ridgewood, Queens. Located on the North Brooklyn-Queens border, the 17-story building will debut as one of the tallest in the area.
The affordable housing lottery is open for 3 West 128th Street, a six-story residential development in Harlem, Manhattan. Designed by BMG Design Build, the 15,896-square-foot building will yield 20 units. Available on NYC Housing Connect are two units for residents at 130 percent of the area median income, ranging in eligible income from $66,858 to $133,120.