The affordable housing lottery is closing and applications are due for Trio, a ten-story mixed-use building at 27-19 Thomson Avenue in Long Island City, Queens. Apply now via NYC Housing Connect for 11 units, eligible to residents at 130 percent of the area median income (AMI), ranging in income from $88,835 to $187,330. Gross monthly rents for studios are $2,591, one-bedrooms are $2,738, and two-bedrooms are $3,223, and all residents get two months of free rent on the initial lease term for all units. The structure is developed by Thomson Development and designed by Andres Escobar, and yields a total of 30 residences and 5,039 square feet of lower-level retail space.
400 Capital Management, a global credit asset manager, is the latest company to join 660 Fifth Avenue in Midtown, Manhattan. The company’s office will occupy more than 25,000 square feet on the building’s 27th floor beginning August 2024.
Permits have been filed to expand a two-story structure into a four-story residential building at 433 Vermont Street in East New York, Brooklyn. Located between Blake Avenue and Sutter Avenue, the interior lot is two blocks from the Van Siclen Avenue subway station, serviced by the A and C trains. Joel Friedman is listed as the owner behind the applications.
Façade work is nearing completion on Gotham Point North Tower, a 57-story residential skyscraper at 1-15 57th Avenue in Hunters Point South, Queens. Designed by Handel Architects and developed by Gotham Organization and Riseboro Community Partnership, the 559-foot-tall structure is also known as Parcel F in a two-tower development along with the adjacent Parcel G, and will yield 692 units. The building rises from a plot bound by Center Boulevard to the north, 56th Avenue to the east, and 57th Avenue to the west.
Leasing has launched for The Arch, a 16-story residential building at 1101 President Street in Crown Heights, Brooklyn. Designed by Marvel Architects and developed by Brooklyn-based BFC Partners, the structure yields 323 rental units in studio to three-bedroom floor plans.