Housing Lottery Launches for 3831 Carpenter Avenue in Williamsbridge, The Bronx

The affordable housing lottery has launched for 3831 Carpenter Avenue, a six-story mixed-use building in Williamsbridge, The Bronx. Designed by Node Architecture Engineering Consulting and developed by Alban Haxhari of KGCJ Development Corp., the structure yields 30 residences. Available on NYC Housing Connect are nine units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $85,303 to $165,230.

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New Renderings Revealed For Wynn Resorts At Phase Two Of Hudson Yards 

Wynn Resorts revealed a series of new renderings for its proposed casino and hotel location within phase two of Hudson Yards. Developed with Related Companies, the master plan, expected to cost $12 billion, consists of multiple skyscrapers that will additionally yield space for 1,500 apartments, two million square feet of office space, a public school, and a daycare center. The master plan is slated to rise directly west of the first phase of Hudson Yards over the 13-acre open-air Western Rail Yards bound by West 33rd Street to the north, West 30th Street to the south, Eleventh Avenue to the east, and West Street to the west.

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Rendering of 737 4th Avenue, courtesy of Marino PR

Construction Financing Secured For 737 4th Avenue In Sunset Park, Brooklyn

BEB Capital and Totem, in partnership with Ofer Cohen and SK Development, have secured financing for a new residential development at 737 4th Avenue in Sunset Park, Brooklyn. The structure will yield 187 residential units with 46 designated as permanently affordable homes with a target average price of 48 percent of the area median income, as well as a ground-level retail space. Walker & Dunlop facilitated the $143 million loan for the 193,000-square-foot, 14-story project.

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Housing Lottery Launches for 420 West 42nd Street in Midtown West, Manhattan

The affordable housing lottery has launched for 420 West 42nd Street, a 40-story residential building in Manhattan‘s Midtown West. Designed by Hardy Holtzman Pfeiffer Architects and developed by The Brodsky Organization in 2000, the structure yields 210 residences. Available on NYC Housing Connect are 14 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $78,858 to $198,250.

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