Friday Housing Lottery Round-Up: Closings Imminent For Two Buildings in Brooklyn and Queens

Today’s housing lottery round-up features two buildings with affordable units on Housing Connect with deadlines closing within the next seven days. Unfortunately, an update to the Housing Connect website this week has apparently left the system rather glitchy, as it now lists incorrect numbers of units remaining, and the photos and renderings have similarly become defunct, all in the midst of New York City’s worst housing crisis since the 1930s.

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Margaritaville Resort Nears Completion at 560 Seventh Avenue in Times Square, Manhattan

Façade installation is nearing completion on the Margaritaville Resort New York at 560 Seventh Avenue in Times Square. Designed by Stonehill Taylor and developed by Sharif El-Gamal of Soho Properties along with MHP Real Estate Services, the 29-story, 375-foot-tall tower will yield 234 guest rooms with island-inspired interior designs. The project, which is located at the corner of Seventh Avenue and West 40th Street, is expected to cost around $300 million.

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Bethany Terraces, courtesy of Paul A. Castrucci Architects

DOB Greenlights Bethany Terraces, Affordable Senior Housing in East Flatbush, Brooklyn

The Department of Buildings recently approved plans for Bethany Terraces, a four-story affordable senior housing development at 604 East 40th Street in East Flatbush, Brooklyn. Developed by RiseBoro Community Partnership, which will operate the facility, and designed by Paul A. Castrucci Architects, the 39,200-square-foot project will be built to Passive House Standards.

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