An $18.5 pre-development loan has been issued for 167-174 4th Avenue, a proposed 16-story residential building in Park Slope, Brooklyn. Developed by Urban Development Partners, the structure is planned to yield 133 rental units with an affordable housing component, as well as ground-floor retail space. Naftali Credit Partners provided the loan for the property, which is located between Douglass and Degraw Streets.
The affordable housing lottery has launched for 499 President Street, an eight-story residential building in Gowanus, Brooklyn. Designed by SLCE Architects and developed by The Brodsky Organization and Avery Hall Investments, the structure yields 430 residences. Available on NYC Housing Connect are 88 units for residents at 40 to 100 percent of the area median income (AMI), ranging in eligible income from $31,235 to $167,700.
Permits have been filed to expand a two-story structure into a six-story mixed-use building at 213 N 8th Street in Williamsburg, Brooklyn. Located between Roebling Street and Driggs Avenue, the lot is near the Bedford Avenue subway station, served by the L train. Kin Chao Cheng of NY One Realty Inc. is listed as the owner behind the applications.
At number 26 in our countdown of the tallest construction projects in New York is 80 Clarkson Street, a 400- and 450-foot-tall two-tower residential complex along the Hudson River waterfront in Manhattan’s West Village. Designed by COOKFOX Architects with SLCE Architects as the architect of record and developed by Zeckendorf Development, Atlas Capital Group, and The Baupost Group, the 37- and 45-story buildings will span approximately 650,000 square feet and yield 100 condominium units, nearly 37,000 square feet of ground-floor retail space, and enclosed parking for 69 vehicles. The $1.25 billion development is bound by Clarkson Street to the north, West Houston Street to the south, West Street to the west, and the topped-out 19-story 570 Washington Street to the east.
Brooks Brothers is set to open a new flagship store at 195 Broadway, a 29-story Neoclassical building in Manhattan’s Financial District, marking a return to the neighborhood where the clothing retailer was established over two centuries ago. The store will occupy 9,871 square feet across the ground floor and cellar levels of the building, which is owned by L&L Holding Company and located between Fulton and Dey Streets.
