Permits have been filed for a six-story mixed-use building that will hold a charter school as well as commercial and community facility space at 556 New Lots Avenue in East New York‘s New Lots neighborhood. Located at the intersection of Van Siclen Avenue and New Lots Avenue, the corner lot is two blocks from the Van Siclen Avenue subway station, serviced by the 2 and 3 trains. Soly Bawabeh of Bermuda Realty is listed as the owner behind the applications.
Yesterday afternoon Governor Kathy Hochul revealed numerous new renderings of what the outdated 53-year-old Penn Station and the surrounding Midtown, Manhattan district could soon become. Despite being slightly downsized by 7 percent from former Governor Cuomo’s ten-building master plan, the new proposal still encompasses an incredible 18.3 million square feet of construction and redevelopment. Vornado Realty Trust is the developer of the master plan, which is expected to take four to five years to complete and cost between $6-7 billion.
Fairstead and LIHC are working in partnership to complete major upgrades and facility improvements across 13 affordable housing buildings in Newark, New Jersey. Referred to as the Essex Plaza portfolio, the collection of buildings comprises 691 affordable apartments, many of which are reserved for senior households.
The affordable housing lottery has launched for 2955 Brighton 5th Street, a six-story residential building in Brighton Beach, Brooklyn. Designed by Zarina Kindo’s Brooklyn-based Arcon Studio, the structure yields 15,795 square feet with 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 $63,429 to $167,570.
Permits have been filed for a seven-story residential building at 240 West 123rd Street in Harlem, Manhattan. Located between Adam Clayton Powell Jr. Boulevard and Frederick Douglass Boulevard, the lot is two blocks from the 125th Street subway station, serviced by the 2 and 3 trains. Tomas Machiavello of Freres, Inc. is listed as the owner behind the applications.