Permits have been filed for a six-story mixed-use building at 321 Franklin Avenue in Bedford-Stuyvesant, Brooklyn. Located between Clifton Place and Lafayette Avenue, the lot is near the Classon Avenue subway station, serviced by the G train. Mujahidul Islam under the 321 Franklin Avenue Corp. is listed as the owner behind the applications.
Exterior work is progressing on the Giorgio Armani Residences, a 12-story mixed-use building at 760 Madison Avenue in the Lenox Hill section of Manhattan’s Upper East Side. Designed by COOKFOX and developed by SL Green Realty and Giorgio Armani Corp., the 189-foot-tall structure will span 91,179 square feet and yield ten condominium units with sales led by Douglas Elliman Development Marketing, as well as a 19,387-square-foot Giorgio Armani flagship boutique. The property is located at the corner of Madison Avenue and East 65th Street.
Earthwork is getting underway at 251 Douglass Street, the site of a 15-story residential building in Gowanus, Brooklyn. Designed by Fogarty Finger Architects and developed by Charney Companies and Tavros Capital, the structure will span 250,000 square feet and yield 260 rental apartments with 25 percent reserved for affordable housing, as well as ground-floor retail space and on-site parking facilities. The project is alternately addressed as 239 Nevins Street and located at the corner of Nevins and Douglass Streets on a plot formerly occupied by a one-story garage.
Creation, a commercial real estate developer, and its joint-venture partner J.P. Morgan Asset Management, have begun site work on McClellan One, a Class A logistics building in Newark, New Jersey. The project team recently secured a $64 million construction loan from PCCP, allowing construction to move forward on the 120,584-square-foot structure, which is located on a 10-acre site at the northwest corner of Route 1 and McClellan Street, adjacent to Newark Liberty International Airport.
The affordable housing lottery has launched for The Sierra Chelsea, a 14-story residential building built in 2002 at 130 West 15th Street in Manhattan’s Chelsea neighborhood. Designed by Costas Kondylis & Partners, the structure yields 213 residences. Available on NYC Housing Connect are 11 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $107,623 to $146,900.
