Housing Lottery Launches for The Paxton at 540 Fulton Street in Downtown Brooklyn

The affordable housing lottery has launched for The Paxton, a pair of 43-story mixed-used building at 540 Fulton Street in Downtown Brooklyn. Designed by Marvel Architects and developed by Jenel Management, the structure yields 327 residential units, as well as 71,844 square feet of commercial space and 22,054 square feet of retail space. Available on NYC Housing Connect are 89 units for residents at 80 to 130 percent of the area median income (AMI), ranging in eligible income from $50,812 to $215,150.

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Foundations Underway for 49-Story Skyscraper at 98 DeKalb Avenue in Fort Greene, Brooklyn

Excavation and foundation work are moving along at 98 DeKalb Avenue, the site of a 49-story residential skyscraper in Fort Greene, Brooklyn. Designed by SLCE Architects and developed by Rockrose Development, the 610-foot-tall structure will yield 418,092 square feet with 609 residential units and 3,775 square feet of commercial space. 180 Ashland GC LLC is the general contractor for the project, which is alternately addressed as 180 Ashland Place and located at the corner of DeKalb Avenue and Ashland Place.

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