The Jackson Group recently sold 2970 Third Avenue, a 25,000-square-foot retail property in the South Bronx, to 5 Boro Real Estate Partners for $8.75 million. The new owners intend to redevelop the property into a 100,000-square-foot mixed-use building.
The affordable housing lottery has launched for 1600 East 19th Street, an eight-story mixed-use residential building in Midwood, Brooklyn. Designed by Studio Gallos and developed by Gabriel Sakass of 1590 East 19th Street LLC, the structure yields 22 residences. Available on NYC Housing Connect are seven units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $75,429 to $167,570.
Permits have been filed for a seven-story commercial building at 5402 Fort Hamilton Parkway in Borough Park, Brooklyn. Located at the intersection of Fort Hamilton Parkway and 54th Street, the corner lot is four blocks from the 50th Street subway station, serviced by the D train. Joshua Markovics of Royal Builders Development under the FT 5402 LLC is listed as the owner behind the applications.
Construction has topped out on Parcel F, a 57-story 559-foot tall skyscraper in the Gotham Point development in Hunters Point South, Queens. Designed by Handel Architects and developed by Gotham Organization, RiseBoro Community Partnership, Goldman Sachs Urban Investment Group, and the Department of Housing Preservation and Development (HPD), the reinforced concrete structure will yield 689 units alongside a 1,100-seat Intermediate High School built by the School Construction Authority, and Parcel G, its 33-story, 336-foot tall, 443-unit sibling. Gotham Point is located at the confluence of the East River and Newtown Creek, bound by Center Boulevard to the north, 56th Avenue to the east, and 57th Avenue to the west. Handel Architects is also the interior designer while BHDM did the interior for the model apartment only.
Scaffolding continues to be dismantled from 291 Livingston Street, revealing the dark façade of the 22-story hotel tower in Downtown Brooklyn. Designed by Gene Kaufman Architect and developed by Aview Equities and Hello Living, the 189-foot-tall structure will yield 100 hotel rooms and a ground-floor beer garden. The property is located between Nevins Street to the east, Grove Place to the north, and Hanover Place to the west, and was formerly occupied by a two-story commercial structure that was demolished in 2017.