The affordable housing lottery has launched for 1818 Prospect Avenue, a seven-story residential building in Crotona Park East, The Bronx. Developed by Moses Freund of The Vaja Group and designed by BTE Design Services, the structure yields 46 residences. Available on NYC Housing Connect are five units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $147,292 to $227,630.
Construction is climbing higher on JPMorgan Chase‘s 1,388-foot supertall headquarters at 270 Park Avenue in Midtown East. Designed by Lord Norman Foster of Foster + Partners with Adamsom Associates as the architect of record and developed by Tishman Speyer, the 60-story skyscraper will yield 2.5 million square feet of office space with a capacity of 15,000 employees, and will become the tallest structure in New York completely powered by hydroelectric energy. JB&B is the MEP engineer and AECOM Tishman is the general contractor for the full-block property, which is bound by East 48th Street to the north, East 47th Street to the south, Park Avenue to the east, and Madison Avenue to the west.
Seventh Street Development Group has closed on a $62.25 million construction loan to complete a new mixed-use building at 1730 Bedford Avenue in Crown Heights, Brooklyn. Designed by Rise Architecture, the building will top out at seven stories and comprise about 162,000 square feet.
Permits have been filed to expand a two-story structure into a five-story residential building at 729 Rogers Avenue in Flatbush, Brooklyn. Located between Linden Boulevard and Lenox Road, the lot is three blocks from the Winthrop Street subway station, serviced by the 2 and 5 trains. Yosef Eliav is listed as the owner behind the applications.
The affordable housing lottery has launched for 360 East 184th Street, a four-story mixed-use building in Fordham Heights, The Bronx. Designed by Node Architecture Engineering Consulting, the structure yields 12 residences. Available on NYC Housing Connect are four units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $74,400 to $198,250.