RYBAK Development has successfully secured a $71 million construction loan for The Austin, a new condominium project located at 78-29 Austin Street in Forest Hills, Queens. JLL Capital Markets facilitated the financing for the project from Valley National Bank.
Permits have been filed to expand a two-story structure into a six-story mixed-use building at 855 53rd Street in Sunset Park, Brooklyn. Located between 8th and 9th Avenues, the interior lot is near the 8th Avenue subway station, serviced by the N train. Raymond Liu is listed as the owner behind the applications.
YIMBY spotted a new rendering amidst excavation at 280 Eighth Avenue, an upcoming 10-story mixed-use residential building in Chelsea, Manhattan. Designed by SLCE Architects and developed by Red Apple Group under the RA 280 Development LLC, the future 113-foot-tall structure will yield 58,021 square feet. Components include 52,432 square feet designated for residential space split among 64 rental units averaging 819 square feet apiece, 4,642 square feet for commercial space, 947 square feet for community facility space, a cellar level, and a 24-foot-long rear yard. Archstone Builders, LLC is the general contractor for the property, which is situated at the corner of Eighth Avenue and West 24th Street.
Construction is progressing on 51 Ash Street, a five-story mixed-use hotel in Greenpoint, Brooklyn. Designed by Jeffrey Kamen Architect and developed by a non-profit organization formerly known as the North Brooklyn Boat Club, the 60-foot-tall structure will span 18,106 square feet and yield 11 hotel rooms spread across 9,856 square feet, as well as an 8,250-square-foot community facility for the North Brooklyn Community Boathouse (NBCB), a non-profit volunteer-run organization providing boating access to NYC waterways, workshops, and educational programs. Brooklyn Construction Group is the general contractor for the project, which is located on a narrow strip of land along Ash Street between Newtown Creek and the Pulaski Bridge.
A new mixed-use project is currently under construction at 237 McGuinness Boulevard in Greenpoint, Brooklyn. The development, which began construction in October, is progressing rapidly, with excavation of the site nearing completion.
