Rendering of 39-04 29th Street - Gerald J. Caliendo Architects

Housing Lottery Launches for 39-04 29th Street in Long Island City, Queens

7:00 am on March 16, 2024 By Vanessa Londono

The affordable housing lottery has launched for Mozart Long Island City, a six-story mixed-use building at 39-04 29th Street in Long Island City, Queens. Designed by Gerald Caliendo Architects and developed by Nestor Varela, the structure yields 20 residences, commercial space, and a parking garage. Available on NYC Housing Connect are six units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $105,395 to $198,250.

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Renderings Revealed for The Torch at 740 Eighth Avenue in Midtown, Manhattan

8:00 am on March 15, 2024 By Michael Young and Matt Pruznick

Renderings have been revealed for The Torch, a 1,067-foot mixed-use supertall skyscraper at 740 Eighth Avenue in Midtown, Manhattan. Designed by ODA with SLCE Architects as the architect of record and developed by Extell, the 52-story structure will span 875,372 square feet and yield an 825-room hotel on the lower half and a public outdoor observation deck with a drop ride attraction above. The property will also feature lower-level retail space, a restaurant on two of the upper floors, a VIP lounge, and a pool deck for hotel guests. Lendlease is the general contractor, WSP is the structural engineer, and Ancora Engineering is handling excavation and foundations for the project, which is located along Eighth Avenue between West 45th and 46th Streets on the border of Times Square and Hell’s Kitchen.

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Existing Sears facility, via Google Maps

Construction Loan Secured For 2366 Bedford Avenue in Flatbush, Brooklyn

7:30 am on March 15, 2024 By Max Gillespie

A $140 million construction loan has been issued for a new seven-story residential development located at 2366 Bedford Avenue in Flatbush, Brooklyn. The loan was issued by SCALE Lending to Clipper Equity, the project’s developer. It marks a continuation of SCALE Lending’s aggressive financing strategy and pushes its 2024 transaction volume to over $400 million in loans provided.

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Housing Lottery Launches for 3831 Carpenter Avenue in Williamsbridge, The Bronx

7:00 am on March 15, 2024 By Vanessa Londono

The affordable housing lottery has launched for 3831 Carpenter Avenue, a six-story mixed-use building in Williamsbridge, The Bronx. Designed by Node Architecture Engineering Consulting and developed by Alban Haxhari of KGCJ Development Corp., the structure yields 30 residences. Available on NYC Housing Connect are nine units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $85,303 to $165,230.

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