Excavation has begun at 241 West 28th Street, the site of a 22-story, 479-unit residential project in Chelsea. Designed by COOKFOX for MAG Partners, Atalaya, Safanad, and Qualitas, the two-tower development is progressing due to $173 million in construction financing arranged by Maverick Commercial Properties. MAG Partners acquired the property, which is located between Seventh and Eighth Avenues, in December 2018 and established a 99-year ground lease with Edison Properties. Thirty percent of the residential units will be reserved for low- and middle-income households.
The affordable housing lottery is open for Fulton Street Apartments, two four-story mixed-use buildings developed by Aron Schwartz in Cypress Hills, Brooklyn. 2741 Fulton Street is designed by Diego Aguilera Architects. The ten-unit building will yield 11,233 square feet with three units designated as affordable housing. Available on NYC Housing Connect is a one-bedroom and two two-bedroom units for residents at 130 percent of the area median income, ranging in eligible income from $66,858 to $159,640. 2746 Fulton Street is designed by Studio Gallos. The nine-unit building will yield 9,409 square feet with one unit designated as affordable housing. Available on NYC Housing Connect is one two-bedroom units for residents at 130 percent of the area median income, ranging in eligible income from $82,286 to $159,640.
YIMBY has exclusive new renderings for an upcoming 21-story mixed-use project at 335 Fifth Avenue in the Midtown, Manhattan neighborhood of NoMad. Designed by Raymond Chan Architect PC and developed by James and Jerry Pi of Pi Capital Partners, the 72,000-square-foot building will yield 83 rental apartments above 10,000 square feet of commercial retail space, with the latter component spanning three stories at the base. The corner site is located at the intersection of Fifth Avenue and East 33rd Street, directly to the east of the Empire State Building.
Façade work is wrapping up on 113 West 24th Street, a 39-story Marriott hotel in Chelsea. Designed by Stonehill Taylor and developed by Lam Generation, the 420-foot-tall tower sits between Sixth and Seventh Avenues and is planned to yield 360 rooms averaging around 380 square feet apiece.
The J Associates have revealed the first architectural renderings of a new 13-story mixed-use building in Long Island City. The property will take shape at 26-04 Jackson Avenue and will replace a three-story building with ground-floor commercial space and two floors of apartments.