Back in 2014, YIMBY revealed renderings of Heatherwood Communities’ planned 58-story, 477-unit residential tower at 42-12 28th Street, in Long Island City, at the same time excavation was starting. Now, the project is up to its tenth floor, according to The Court Square Blog. Glass installation has also started, and completion of the tower, dubbed 28 On 28th, is expected in 2017. Goldstein Hill & West is the architect, and $154 million in financing was provided by PNC Bank in May.
Ocean Avenue is lined with large, detached single-family homes on deep lots, making it incredibly attractive to developers who want to construct mid-rise apartment buildings in low-slung sections of southern Brooklyn. Last week, one of those developers filed an application to build a six-story residential project at 2503 Ocean Avenue, on the border between Madison and Sheepshead Bay.
Matt Schneider, operating under an anonymous LLC, has filed applications for a four-story, three-unit residential building at 424 Evergreen Avenue, in central Bushwick, three blocks from the Gates Av. stop on the J/Z subway. The building will measure 4,300 square feet, which works out to units averaging a condo-sized 1,430 square feet. Manish Savani is the architect of record, and the lot is currently vacant.
Jonathan Kushner’s KRE Group has received a $40 million tax break for their planned 17-story, 397-unit mixed-use building planned at 515 Marin Boulevard, in Jersey City’s Hamilton Park neighborhood. Twenty percent of the tower’s units will be affordable, and commercial space will measure roughly 20,000 square feet on the ground floor. The site is currently a parking lot, and groundbreaking is expected next month for an August 2017 completion, according to The Jersey Journal.
Home Buyers Investors has filed applications for a four-story, four-unit residential building at 273 14th Street, in southern Park Slope, six blocks from the 4th Avenue and 9th Street stops on the F/G and R trains, respectively. The building will measure 5,035 square feet, which means units will average 1,260 square feet. Issac &Stern Architects is designing, and an existing 3.5-story, two-unit townhouse must first be demolished.