1045 Fulton Street

Hudson Companies Planning 39-Unit Affordable Project at 1045 Fulton Street, Clinton Hill

6:30 am on June 8, 2015 By Reid Wilson

Hudson Companies has acquired the development site spanning 1041-1047 Fulton Street, in southern Clinton Hill, for $7.2 million. According to Brownstoner, the developer plans to build a 39-unit all-affordable building designed by Marvel Architects. The site’s previous owners filed permits last year for a six-story market-rate building, but new applications are impending. The property’s former two- and three-story buildings were demolished last November.

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88-92 Linden Boulevard 2

Developers Worry About Building Condos Without 421-a

5:30 pm on June 5, 2015 By Rebecca Baird-Remba

As the clock ticks down to the state’s 421-a renewal deadline on June 15, developers are wondering how they’ll fare if condos no longer qualify for the tax abatement. Companies building lower cost apartments on the fringes of the city will likely be the hardest hit, since the tax break helps attract buyers to less desirable neighborhoods.

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11-01 38th Avenue

Commercial Development Site At 11-01 38th Avenue Up For Grabs, Long Island City

4:00 pm on June 5, 2015 By Reid Wilson

Kenjoy Realty is placing two connected single-story warehouse properties at 11-01 38th Avenue and 37-37 11th Street, in northern Long Island City, on the market for $12.5 million. The assemblage is being marketed as a development site, boasting roughly 86,000 square feet of commercial building potential, according to Commercial Observer. The marketing team states that the site is ripe for a hotel development.

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Lenox Terrace Rezoning

Rezoning Process Begins For Harlem’s Lenox Terrace Tower-In-The-Park Complex

3:00 pm on June 5, 2015 By Reid Wilson

The Olnick Organization has filed pre-applications with the city, beginning the ULURP process that would rezone Lenox Terrace, a tower-in-the-park development bound by West 132nd and 135th Streets, and Malcolm X Boulevard and 5th Avenue in central Harlem. According to DNAinfo, the complex has six 17-story towers, which make up 1,700 residential units, and nearly 96,600 square feet of commercial space is located within perimeter low-rise buildings.

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