540 West 21st Street Remains Stalled in Chelsea, Manhattan

The fourth entry on our Turkey Week rundown of stalled projects is 540 West 21st Street, a 20-story mixed-use building in Chelsea, Manhattan. Designed by Adamson Associates and originally developed by Casco Development Corp. under the 540 West 21st Street LLC, the 250-foot-tall structure was planned to yield 34 condominium units with an average scope of 3,370 square feet, as well as 43,510 square feet of commercial space. Suffolk Construction Company was the contractor for the project, which is located at the corner of West 21st Street and Eleventh Avenue, directly across from Hudson River Park.

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240 Nassau Street, by Cushman and Wakefield

Navy Yard Clubhouse Reinstates Youth Services at 240 Nassau Street in Fort Greene, Brooklyn

Madison Square Boys & Girls Club and Alloy Development have announced a partnership to reestablish after-school services at the Navy Yard Clubhouse, located at 240 Nassau Street in Fort Greene, Brooklyn. This development follows Alloy’s acquisition of the property for $15 million and a $2 million donation to facilitate the temporary resumption of these important community services.

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Affordable Housing Lottery Launches for 5920 Bay Parkway in Mapleton, Brooklyn

The affordable housing lottery has launched for 60th and Bay, an eight-story mixed-use building at 5920 Bay Parkway in Mapleton, Brooklyn. Designed by S. Wieder Architects, the structure yields 44 residences. Available on NYC Housing Connect are 14 units for residents at 70 to 130 percent of the area median income (AMI), ranging in eligible income from $54,858 to $198,250.

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