Construction is rising on 532 Neptune Avenue, a three-tower residential complex within the Neptune/Sixth master plan in Coney Island, Brooklyn. Designed by Zproekt Architecture and developed by Cammeby’s International Group and Rybak Development, the project consists of a pair of 19-story structures and a 20-story building rising from a two-story podium. The development will yield 499 rental units in studio to three-bedroom layouts spread across 758,600 square feet with 95,000 square feet of amenities, as well as 40,000 square feet of ground-floor retail space, around 21,000 square feet of community facilities, and 535 parking spaces. Thirty percent of the apartments will be set aside for affordable housing. Rybak Development is the general contractor for the property, which is located at the southeast corner of Neptune Avenue and West 6th Street.
United American Land has revealed plans to construct a new mixed-used property at 277 Canal Street, the first project to be announced following passage of a controversial neighborhood rezoning of more than 55 city blocks across Soho and NoHo. Designed by Morris Adjmi Architects, the proposed building will top out at 13 stories and comprise a mix of market-rate rentals, affordable housing units, and retail on the lower levels. The property is located at the convergence of Soho and Chinatown on the northeast corner of Canal Street and Broadway, and currently houses a bank, a gym, and several small-box retail businesses.
The affordable housing lottery has launched for 3836-3838 Carpenter Avenue, a pair of four-story residential buildings in Williamsbridge, The Bronx. Designed by Badaly Architects and developed by Aglin Zefi, the structure yields 20 residences. Available on NYC Housing Connect are six units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $69,429 to $187,330.
Permits have been filed to expand a three-story structure into a four-story residential building at 158 Martense Street in Flatbush, Brooklyn. Located between Rogers Avenue and Bedford Avenue, the interior lot is two blocks from the Church Avenue subway station, serviced by the 2 and 5 trains. Solomon Simkowitz is listed as the owner behind the applications.
Fortress Investment Group, Bizzi & Partners, and U.S. Immigration Fund have closed on $313 million in construction financing to complete 125 Greenwich Street, a stalled 88-story residential skyscraper in Manhattan’s Financial District. Designed by Rafael Viñoly Architects, the 912-foot-tall structure is planned to yield 273 condominium units with interiors by March & White and marketing by Douglas Elliman Marketing Development, which is aiming to launch sales this fall. The loan was provided by Northwind Group, a debt fund manager headquartered in New York City. Work will resume with Time Square Construction and Plaza Construction jointly managing contracting duties for the property located at the corner of Greenwich and Thames Streets, just south of the World Trade Center complex and Liberty Park.