Rendering of 1215 Fulton Street. Courtesy of Tower Holdings Group, The Collective and Artefactorylab

Funding Secured For 12 Halsey Street In Bedford-Stuyvesant, Brooklyn

7:30 am on December 16, 2023 By Max Gillespie

EJS Group, in partnership with Hope Street Capital, have successfully closed on a $108.15 million construction financing package for their upcoming residential development at 12 Halsey Street in Bedford-Stuyvesant, Brooklyn. This project, also referred to as 1215 Fulton Street, is part of the Affordable New York Program and comprises three buildings with approximately 240 rental units, with 30 percent allocated as affordable housing.

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Housing Lottery Launches for Hanson Place Community Plaza at 142 South Portland Avenue in Fort Greene, Brooklyn

7:00 am on December 16, 2023 By Vanessa Londono

The affordable housing lottery has launched for Hanson Place Community Plaza, a 13-story mixed-use building at 142 South Portland Avenue in Fort Greene, Brooklyn. Designed by OCV Architects and developed by MDG Design + Construction, the structure yields 104 residences. Available on NYC Housing Connect are 87 units for residents at 50, 60, and 140 percent of the area median income (AMI), ranging in eligible income from $34,149 to $245,140.

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Façade Work Takes Shape on 1,098-Unit Skyscraper at 625 Fulton Street in Downtown Brooklyn

8:00 am on December 15, 2023 By Michael Young and Matt Pruznick

At number 17 on our year-end countdown of the tallest buildings under construction in New York is 625 Fulton Street, a 500-foot-tall mixed-use skyscraper in Downtown Brooklyn. Designed by Fischer Rasmussen Whitefield Architects and developed by Rabsky Group with $450 million in construction financing from Madison Realty Capital, the 35-story structure will yield 1,098 rental units, 26,000 square feet of retail space on the lower levels, and an on-site parking garage for 250 vehicles. Galaxy Developers is the general contractor for the property, which is alternately addressed as 485 Hudson Avenue and bound by the 34-story 80 DeKalb Avenue to the north, Fulton Street to the south, Rockwell Place to the east, and Hudson Avenue to the west.

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