The affordable housing lottery has launched for 1140 Grant Avenue, a five-story residential building in Pelham Manor, The Bronx. Designed by Rise Architecture, the structure yields 15 residences. Available on NYC Housing Connect are 15 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $113,726 to $227,630.
Construction is finished at 300 Huntington Street, a new six-story commercial building in Gowanus, Brooklyn. Designed by Dattner Architects and Bernheimer Architecture and developed and built by Monadnock Development as their new permanent headquarters. The 136,000-square-foot structure will yield 80,000 square feet of office space, 12,290 square feet of retail space, a 3,470-square-foot industrial workshop, 5,780 square feet of unspecified building service area, and a 15,490-square-foot rear yard dedicated to the anchor tenant. The property is the first and only new ground-up commercial office complex in the neighborhood and is bound by Huntington Street to the north, 9th Street to the south, the Gowanus Canal to the east, and Smith Street to the east. There is also a new waterfront esplanade spanning over 8,700 square feet which was designed by SCAPE Landscape Architecture.
SCALE Lending, the debt financing arm of Slate Property Group, has provided an $83 million bridge loan to The Namdar Group for the newly completed 26 Van Reipen Avenue in Journal Square, Jersey City. This loan is part of a larger funding package totaling $283 million, which also supported another development, 626 Newark Avenue, within the same neighborhood.
Permits have been filed for a seven-story mixed-use building at 132-15 Pople Avenue in Flushing, Queens. Located between Saull Street and College Point Boulevard, the lot is near the Main Street subway station, serviced by the 7 train. Feng Jin Wang of East West Mansion LLC is listed as the owner behind the applications.
The affordable housing lottery has launched for 63-16 102nd Street, a three-story mixed-use building in Rego Park, Queens. Designed by John C. Chen Architect and developed by Regina Zhou under Rego Park Partner LLC, the structure yields 11 residences. Available on NYC Housing Connect are four units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $72,000 to $198,250.
