Street view of 277 Canal Street - Courtesy of Loopnet

First Proposed Housing Development Following Soho/NoHo Rezoning Revealed for 277 Canal Street in Manhattan

United American Land has revealed plans to construct a new mixed-used property at 277 Canal Street, the first project to be announced following passage of a controversial neighborhood rezoning of more than 55 city blocks across Soho and NoHo. Designed by Morris Adjmi Architects, the proposed building will top out at 13 stories and comprise a mix of market-rate rentals, affordable housing units, and retail on the lower levels. The property is located at the convergence of Soho and Chinatown on the northeast corner of Canal Street and Broadway, and currently houses a bank, a gym, and several small-box retail businesses.

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Housing Lottery Launches at 3836-3838 Carpenter Avenue in Williamsbridge, The Bronx

The affordable housing lottery has launched for 3836-3838 Carpenter Avenue, a pair of four-story residential buildings in Williamsbridge, The Bronx. Designed by Badaly Architects and developed by Aglin Zefi, the structure yields 20 residences. Available on NYC Housing Connect are six units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $69,429 to $187,330.

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Permits Filed for 158 Martense Street in Flatbush, Brooklyn

Permits have been filed to expand a three-story structure into a four-story residential building at 158 Martense Street in Flatbush, Brooklyn. Located between Rogers Avenue and Bedford Avenue, the interior lot is two blocks from the Church Avenue subway station, serviced by the 2 and 5 trains. Solomon Simkowitz is listed as the owner behind the applications.

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125 Greenwich Street Lands $313 Million to Finish Construction in Manhattan’s Financial District

Fortress Investment Group, Bizzi & Partners, and U.S. Immigration Fund have closed on $313 million in construction financing to complete 125 Greenwich Street, a stalled 88-story residential skyscraper in Manhattan’s Financial District. Designed by Rafael Viñoly Architects, the 912-foot-tall structure is planned to yield 273 condominium units with interiors by March & White and marketing by Douglas Elliman Marketing Development, which is aiming to launch sales this fall. The loan was provided by Northwind Group, a debt fund manager headquartered in New York City. Work will resume with Time Square Construction and Plaza Construction jointly managing contracting duties for the property located at the corner of Greenwich and Thames Streets, just south of the World Trade Center complex and Liberty Park.

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