Render of Clarkson Estates, courtesy of New York State

Construction Begins on Clarkson Estates Affordable Housing Project at 329 Clarskson Avenue in Flatbush, Brooklyn

On Tuesday, Governor Kathy Hochul announced the commencement of construction on Clarkson Estates, a nine-story affordable housing project at 329 Clarkson Avenue in Flatbush, Brooklyn. Developed by Empire State Development, the structure will yield 328 apartments, including 164 supportive units for the formerly homeless, as well as a 30,000-square-foot community facility and 80 rentable parking spaces. The project is a part of the state’s Vital Brooklyn initiative, which seeks to address social, economic, and health disparities in Brooklyn.

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Housing Lottery Launches for Vista65 at 97-12 65th Road in Rego Park, Queens

The affordable housing lottery has launched for Vista65, a 22-story mixed-use building at 97-12 65th Road in Rego Park, Queens. Designed by SLCE Architects and developed by RB Realty Capital, the structure yields 186 residences, 53,000 square feet of retail, 41,000 square feet of community facility space, and an 82,000-square-foot parking garage. Available on NYC Housing Connect are 56 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $77,143 to $198,250.

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30-Story Medical Office Tower Continues Ascent at 1522 First Avenue On Manhattan’s Upper East Side

The 26th-tallest building on our annual year-end construction countdown is 1522 First Avenue, a 30-story medical office building rising in the Yorkville section of Manhattan’s Upper East Side. Designed by Perkins Eastman and developed by Extell Development Company, the 449-foot-tall structure will yield 400,000 square feet of Class A office space and retail space on the ground floor and cellar levels. The Hospital for Special Surgery will serve as the anchor tenant, occupying 200,000 square feet across the first eight stories of the building. Ancora Engineering is the engineer of record and Lendlease is the general contractor for the project, which is alternately addressed as 403 East 79th Street and located between East 79th and 80th Streets.

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Photo of 195 Broadway by Alan Schindler

Payoneer to Relocate Headquarters to 195 Broadway in Financial District, Manhattan

Financial technology firm Payoneer has finalized a ten-year lease agreement to move its headquarters to 195 Broadway in Manhattan’s Financial District. The company will occupy a 42,000-square-foot space spanning the entire 27th floor of the historic 29-story Neoclassical building starting in spring of 2024. This relocation marks one of the more significant office relocations from Midtown to Lower Manhattan this year.

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