Non-profit housing developer Phipps Houses closed on $217 million in construction financing for the first phase of Atlantic Chestnut, a massive three-phase development in Brooklyn. When completed, Atlantic Chestnut will bring 1,200 affordable housing units to the East New York neighborhood under the 2016 East New York Rezoning. With Dattner Architects handling design, the Atlantic Chestnut development will consist of three mid-rise apartment buildings featuring affordable apartments, 60,000 square feet of commercial and community facility space, attended parking for 200 cars, and residential amenities comprising of a gym, children’s playroom, a lounge, a party room, and landscaped courtyards and roof deck. The project is being built by Monadnock Construction.
9 DeKalb Avenue has passed a milestone in its way to becoming the first supertall skyscraper in the outer boroughs. The 93-story residential tower recently surpassed the 720-foot roof height of Brooklyn Point, giving it the title of the tallest structure in Brooklyn. Designed by SHoP Architects and developed by JDS, 9 DeKalb Avenue will stand 1,066 feet tall and yield 450 rental apartments and 150 condominiums. The site is bound by Flatbush Avenue Extension to the northeast, Fleet Street to the northwest, the landmark Dime Savings Bank of Brooklyn to the southwest, and DeKalb Avenue to the south.
Construction is now complete on 11-19 Jane Street, a six-story residential building in Manhattan’s West Village. Designed by London-based firm Chipperfield Architects and developed by Edward Minskoff of Minskoff Equities, the 31,000-square-foot project yields seven residential units, averaging 2,382 square feet each, and ground-floor retail space. The property is located on a wide plot between Greenwich Street and Eighth Avenue.
Preliminary renderings have been revealed for 1045 Atlantic Avenue, a proposed 17-story mixed-use building in Bedford-Stuyvesant, Brooklyn. The structure is planned to yield over 477,000 square feet of floor space with a mix of residential, retail, office space, and community facilities.
The affordable housing lottery has launched for 26-02 4th Street, a seven-story mixed-use residential building in Astoria, Queens. Designed by Gerald Caliendo Architects, the structure will yield 53,438 square feet and 46 units. Available on NYC Housing Connect are 14 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $49,715 to $192,400.