The development team behind Victory Plaza, a new 100% affordable senior housing project, has successfully closed on $65 million in construction financing to facilitate completion of the project. Located in Harlem at 11 West 118th Street, the building will eventually rise nine stories and comprise 136 rental homes. A total of 41 units will be reserved for the formerly homeless.
Permits are up for a ten-story residential building at 1771 Weeks Avenue, in Mount Hope, The Bronx. The site is two blocks away from the 174-175th street subway station, serviced by the D train. Stephen De Vardo, operating under an LLC, is responsible for the filings. Back in 2015, Lorenzo De Vardo filed for a ten-story, 18-unit development with a square footage of 19,512 square feet on the same lot.
Permits have been filed for a seven-story residential building at 108-15 72nd Avenue in Forest Hills, Queens. Located between Austin Street and major thoroughfare Queens Boulevard, the interior site is close to various transit options. The LIRR Forest Hills train station is two blocks away, and the Forest Hills subway station is another block out, serviced by the E, F, M, and R trains. Xi Zhao of CH Crescent Realty LLC is listed as the owner behind the applications.
Sitting on a corner lot at the southwest intersection of Broadway and West 31st Street on the bleeding northern edge of NoMad, 1241 Broadway is slated to become one of Midtown South’s newest office buildings. Designed by Skidmore Owings & Merrill, the impending 22-story and 318-foot-tall commercial office tower is being developed by GDS Development and Sweden-based Klovern. With renderings revealed and permits filed, YIMBY stopped by the old parking lot to check on progress. The site has already been vacated and cleared, while the original steel signage for the parking still remains standing above the sidewalk. Triton Construction will be in charge of building the 170,000 square foot project. Their name, along with GDSNY, are displayed on the black fence that currently surrounds the lot.
Located across from Cadman Plaza Park, One Clinton has officially launched sales of its 133 residences. Developed by The Hudson Companies Inc., the Marvel Architects-designed tower is being marketed by the Cornell Marshall Team from the Corcoran Group, with the sales gallery located at 157 Remsen Street. The imminently 38-story tower is set to be completed next year.