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.
On the vacant triangular lot at 1815 Eastern Parkway, in northern Brownsville, Mayer Meisels has filed applications for a four-story, 10-unit residential building, four blocks from either the Rockaway Av. stop on the C train and the East New York LIRR station. The building will measure 9,720 square feet, which means units will average 972 square feet. Kenneth Thomas is the applicant of record.
Applications, originally filed in 2013, have surfaced for a three-story, five-unit residential building at 123 Franklin Avenue, in northwestern Bedford-Stuyvesant. The building will measure 8,300 square feet, so units will average a spacious 1,660 square feet. The property owner is Sruly Rosenburg, and Julien Flander is the applicant of record. Demolition was approved for the existing three-story townhouse in June.
In April, YIMBY noted excavation was underway at 181 Front Street, in Dumbo, where Megalith Capital Management and Urban Realty Partners are building a 12-story, 105-unit rental building, which will also have 1,490 square feet of retail on the ground floor. Now, foundation work is beginning, according to Brownstoner. The project also consists of the conversion at 200 Water Street, where 15 condominiums are planned, and Aufgang Architects is designing, with completion slated for 2016.