Below-grade work is progressing at 241 West 28th Street, a 22-story, 479-unit residential project in Chelsea. Designed by COOKFOX for MAG Partners, Atalaya, Safanad, and Qualitas, the two-tower development recently acquired $173 million in construction financing arranged by Maverick Commercial Properties. MAG Partners acquired the Midtown, Manhattan property in December 2018 and established a 99-year ground lease with Edison Properties. 241 West 28th Street is located between Seventh and Eighth Avenues and will have 30 percent of residential units reserved for low- and middle-income households. Urban Atelier Group is the general contractor.
The Department of City Planning is now reviewing Environmental Impact Statements for a six-building expansion of Stevenson Commons in the Soundview section of The Bronx. Owned by Camber Property Group, the development site is located at White Plains Road and 1850 Lafayette Avenue and currently comprises nine Mitchell-Lama buildings spanning 990,050 square feet.
Joint developers William Macklowe Company and Senlac Ridge Partners recently released new details for the planned mixed-use development at 120 5th Avenue in Park Slope, Brooklyn. Currently the site holds a Key Food supermarket that is set to close its doors by August 12.
Curtain wall installation is nearing the pinnacle of MGM Marin Boulevard, a 41-story residential tower at 331 Marin Boulevard in Jersey City. Alternately addressed as 184 Morgan Street, the project is designed by Marchetto Higgins Stieve and is being developed by The Albanese Group, and will yield a total of 482 units, 121 parking spaces, a 125-seat theater, and 14,000 square feet of amenities. The property is located within the Powerhouse Arts District, directly to the south of 351 Marin Boulevard, another tower under construction. 331 Marin Boulevard is bound by Marin Boulevard to the east, Morgan Street to the south, Grove Street to the west, and Bay Street to the north. Hatfield Group is the facade consultant for the project.
The affordable housing lottery has launched for Coney Island Phase I, a residential building addressed as both 2926 West 19th Street and 2943 West 20th Street in Coney Island, Brooklyn. Developed by BFC Partners, L+M Development Partners, and Taconic Investment Partners, the 521,000-square-foot structure consists of two 16-story towers above a seven-story podium. Available on NYC Housing Connect are 400 units for residents at 30 to 130 percent of the area median income (AMI), ranging in eligible income from $14,778 to $192,400.