Housing Lottery Launches for 1042 President Street in Crown Heights, Brooklyn

The affordable housing lottery has launched for 1042 President Street, an eight-story residential building in Crown Heights, Brooklyn. Designed by S. Wieder Architects and developed by Jacob Fulop, the structure yields 55 residences and 19 parking spaces. Available on NYC Housing Connect are 18 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $53,726 to $122,000.

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Foundations Underway for Two-Tower Complex at 570 Washington Street in Manhattan’s West Village

At number 25 on our annual construction countdown is 570 Washington Street, a two-tower residential project currently underway along the Hudson River waterfront in Manhattan’s West Village. Designed by COOKFOX Architects with SLCE Architects as the architect of record and developed by Zeckendorf Development, Atlas Capital, and The Baupost Group, the $1.25 billion complex will consist of 29- and 36-story towers rising 400 and 450 feet, respectively, and will yield an undisclosed number of condominium units and commercial space on the lower levels. ACI VI Clarkson LLC is the owner and AECOM Tishman is the general contractor for the project, which occupies a 1.3-acre block bound by Clarkson Street to the north, West Houston Street to the south, Washington Street to the east, and West Street to the west. The developers acquired the property for $340 million in early 2022 and have projected a $1 billion sellout on the homes.

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Render of Clarkson Estates, courtesy of New York State

Construction Begins on Clarkson Estates Affordable Housing Project at 329 Clarskson Avenue in Flatbush, Brooklyn

On Tuesday, Governor Kathy Hochul announced the commencement of construction on Clarkson Estates, a nine-story affordable housing project at 329 Clarkson Avenue in Flatbush, Brooklyn. Developed by Empire State Development, the structure will yield 328 apartments, including 164 supportive units for the formerly homeless, as well as a 30,000-square-foot community facility and 80 rentable parking spaces. The project is a part of the state’s Vital Brooklyn initiative, which seeks to address social, economic, and health disparities in Brooklyn.

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