The affordable housing lottery has launched for Caton Flats, a 14-story mixed-use residential building at 800 Flatbush Avenue in Flatbush, Brooklyn. Designed by Magnusson Architecture And Planning and developed through a partnership between BRP Companies, Housing Preservation and Development, the Housing Development Corporation, and the Caribbean-American Chamber of Commerce and Industry, the structure will also yield 5,000 square feet of supplemental community space owned and operated by the Caribbean American Chamber of Commerce and Industry and 10,000 square feet of local retail. Available on NYC Housing Connect are 254 units for residents at 40 to 165 percent of the area median income (AMI), ranging in eligible income from $21,635 to $244,200.
Exterior work is nearing completion on 88 Regent Street, a 32-story mixed-use tower in the Liberty Harbor North Redevelopment in Jersey City. Designed by Marchetto Higgins Stieve and developed by 88 Regent Street, LLC, the project will yield 392 rental apartments, 9,110 square feet of retail space, and 5,595 square feet of commercial office space. The site is located at the corner of Regent Street and Jersey Avenue, directly across from the Jersey Avenue light rail station and the Jersey City Medical Center.
Exterior work is continuing to shape up on 2401 Third Avenue, a three-tower complex designed by Hill West Architects in Brookfield Properties‘ Bankside master plan in Mott Haven, The Bronx. The 4.3-acre development is a combination of two sites along the northern side of the Harlem River. 2401 Third Avenue is located on the western side of the Third Avenue Bridge, and 101 Lincoln Avenue is the larger counterpart found on the opposite side. Bankside will provide seven residential buildings, 15,000 square feet of retail space, a community facility run by a local nonprofit yet to be named, and 34,000 square feet of public waterfront space. Brookfield purchased the two parcels for $165 million in September 2018 from Somerset Partners and The Chetrit Group. Ground was first broken on 2401 Third Avenue in the fall of 2019, and construction on Bankside is expected to cost $950 million and yield 1,370 units.
Leasing has officially launched at The Vantage Tower Two, the final component of a dual-tower high-rise development near the waterfront edge of Jersey City. From Fisher Development Associates, Tower Two is located at 1 Park View Avenue. The first building, completed in 2017, is listed as 33 Park View Avenue.
The affordable housing lottery has launched for Bedford Union Armory, an eight-story residential building at 1089 President Street in Crown Heights, Brooklyn. Developed by BFC Partners, the structure will yield 60 units. The first phase of the lottery is available on NYC Housing Connect and includes 55 units for residents at 30 to 60 percent of the area median income (AMI), ranging in eligible income from $14,778 to $88,800.