Excavation Underway At 184-192 Bedford Avenue in Williamsburg, Brooklyn

Excavation is underway at 184-192 Bedford Avenue, the site of a two-story commercial building in Williamsburg, Brooklyn. Designed by Building Studio Architects as the architect of record and developed by L3 Capital, which acquired the property from RedSky Capital in 2020, the 30-foot-tall structure will yield 24,000 square feet as either a single-tenant retail flagship or a multi-tenant mixed-use property. RS JZ Bedford-N 6th, LLC is listed as the owner and McGowan Builders is the general contractor for the project, which is located on an interior lot between North 6th and North 7th Streets.

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The Yellowstone, courtesy of Aufgang Architects

Developers Secure Refinancing for The Yellowstone at 69-65 Yellowstone Boulevard in Forest Hills, Queens

Slate Property Group, in collaboration with Grobman Gross Properties, has finalized a $97 million refinancing deal for The Yellowstone, a recently completed 11-story residential building at 69-65 Yellowstone Boulevard in Forest Hills, Queens. The refinancing, which will be provided by Apollo Global Real Estate Management L.P., will be used to settle the building’s existing debts and support its financial structure.

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Housing Lottery Launches for 26-36 4th Street in Astoria, Queens

The affordable housing lottery has launched for 26-36 4th Street, a six-story mixed-use building in Astoria, Queens. Designed by Gerald Caliendo and developed by Dr. Baldhevai Patel, the structure yields 10 residences. Available on NYC Housing Connect are three units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $87,429 to $165,230.

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The Brook Approaches Halfway Mark At 589 Fulton Street in Downtown Brooklyn 

Construction is nearing the halfway mark on The Brook, a 51-story residential skyscraper at 589 Fulton Street in Downtown Brooklyn. Designed by Beyer Blinder Belle and developed by Witkoff Group and Apollo Global Management, the 575-foot-tall structure will span 557,973 square feet and yield 591 rental units with an average scope of 827 square feet, with 30 percent of the inventory reserved for affordable housing, as well as 68,693 square feet of retail space, a cellar level, and two floors of recreational and sports amenities. Bonetti Kozerski is the interior designer and Suffolk Construction is the general contractor for the project, which is bound by DeKalb Avenue to the north, Fulton Street to the south, Flatbush Avenue diagonally to the east, and Bond Street to the west.

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Foundations Progress at 288 4th Avenue in Gowanus, Brooklyn

Foundations are steadily progressing at 288 4th Avenue, the site of a 14-story mixed-use building in Gowanus, Brooklyn. Designed by Fischer Makooi Architect and developed by Joseph Vogel, the 146-foot-tall structure will yield 66 rental units, a cellar level, 4,309 square feet of ground-floor commercial space, a public outdoor terrace, and a second-floor recreational area. Crown 286 4th Avenue is listed as the owner and B Contractors Group LLC is the general contractor for the property, which is located on an interior lot between 1st and Carroll Streets.

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