Demolition permits have been filed for several three-story structures along Fourth Avenue, a commercial thoroughfare right on the border between Park Slope and Boerum Hill, in Brooklyn. 122 Fourth Avenue and 601 Baltic Street are now destined for demolition. Both projects are under the leadership of the architect and real estate developer Hal Einhorn, of Einhorn Development Group.
A Staten Island commercial development at 719 Forest Avenue has come out with a new rendering. Located in West Brighton, the single-story project would be an extension of the commercial thoroughfare along the avenue.
Permits have been filed for an eight-story residential structure at 491 Ocean Parkway, in Kensington, Brooklyn. The site is six blocks away from the Ditmas Avenue Subway Station, serviced by the F train. An anonymous LLC is listed as responsible for the development.
A new rendering has been revealed for 555 West 22nd Street, owned by Related Companies, confirming YIMBY’s last report on its future as a residential building. The West Chelsea lot is currently occupied by low-rise commercial and residential structures as well as a U-Haul lot, however demolition permits were filed in February of last year. Related acquired these properties and adjacent air rights for a total of $234 million.
The team behind the La Central Development has closed a deal for financing towards the construction of their massive mixed-use project in the Melrose Community of the South Bronx. This is one of the largest mixed-income projects currently under construction in New York City. Once complete, the project will span 1.1 million square feet, with five buildings and 992 units entirely devoted to affordable housing.