The William Macklowe Company and Senlac Ridge Partners have secured $142.9 million to complete a new mixed-use complex in Park Slope, Brooklyn. Located at 120 Fifth Avenue, the development will comprise two individual buildings with 180 rental units, amenity spaces, a CVS Pharmacy, and the borough’s first Lidl Supermarket.
The affordable housing lottery has launched for 180 Throop Avenue, a six-story mixed-use building in Bedford-Stuyvesant, Brooklyn. Designed by Beam Architects and developed by Leo Kaufman, the structure yields 36,925 square feet of residential space for 32 units and 7,606 square feet for commercial space. Available on NYC Housing Connect are ten units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $111,429 to $187,330. A one-month rent concession will be offered at lease signing.
Permits have been filed to expand a two-story structure into a four-story residential building at 155 Smith Street in Carroll Gardens, Brooklyn. Located between Bergen Street and Wyckoff Street, the lot is two blocks north of the Bergen Street subway station, serviced by the F and G trains. Bruklyn Builders Inc. is listed as the owner behind the applications.
Façade work is nearing completion on 540 Hudson Street, a seven-story residential building in Greenwich Village. Designed by Morris Adjmi Architects and developed by Aurora Capital Associates and William Gottlieb Real Estate, the 63-foot-tall structure will yield 19 units spread across 48,535 square feet and 6,000 square feet of retail space on the ground floor and cellar. Titanium Construction Services is the general contractor for the property, which is also addressed as 111 Charles Street and is located at the corner of Hudson and Charles Streets.
New renderings from Urban Architectural Initiatives are the first to reveal Euclid Glenmore Apartments, an eight-story affordable housing property at 437 Euclid Avenue in East New York, Brooklyn. Designed by The Lantern Organization and Mega Contracting Group, which closed on $11.5 million in construction financing to complete the project, the building will comprise 135 units. A total of 81 units will be reserved for formerly homeless families, and the remainder for households at or below 60 percent area median income (AMI).