1487 First Avenue Tops Out Over Manhattan’s Upper East Side

Construction has topped out on 1487 First Avenue, a 35-story residential building on Manhattan’s Upper East Side. Designed by Hill West Architects and developed and built by Carmel Partners, which purchased the property from Robert Chou for $73.5 million in early 2022, the 404-foot-tall structure will yield 206 condominium units, 7,120 square feet of ground-floor retail space, and a cellar level. CP VII 78th Street Owner is the owner of the property, which is located at the southwestern corner of First Avenue and East 78th Street.

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Housing Lottery Launches for Hanover House in Downtown Brooklyn

The affordable housing lottery has launched for Hanover House, a 34-story residential building at 15 Hanover Place in Downtown Brooklyn. Designed by Fogarty Finger and developed by Lonicera Partners, the structure yields 314 residences. Available on NYC Housing Connect are 95 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $113,726 to $218,010.

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