Namdar Group has closed on a $160 million bridge loan for 9 Homestead Place, a 27-story residential tower at 618 Pavonia Avenue in Jersey City. Designed by C3D Architecture, the structure will yield 432 rental apartments, 10,000 square feet of ground-floor retail space, a 21,000-square-foot office component, and a collection of amenity spaces.
The affordable housing lottery has launched for Pianist Senior, an eight-story mixed-use building at 26-46 4th Street in Astoria, Queens. Designed by Angelo Ng + Anthony Ng Architects Studio, the structure yields 69 residences. Available on NYC Housing Connect are 24 units for residents at 80 percent of the area median income (AMI), ranging in eligible income from $55,269 to $122,000.
Permits have been filed for a six-story mixed-use building at 96-11 37th Avenue in Corona, Queens. Located between 97th Street and Junction Boulevard, the lot is within walking distance of the Junction Boulevard subway station, serviced by the 7 train. David Lin is listed as the owner behind the applications.
Construction is finishing up on Ruby, a pair of 22-story residential buildings at 243 West 28th Street in Chelsea. Designed by COOKFOX and developed by MAG Partners, Atalaya, Safanad, and Qualitas, the 400,000-square-foot project will yield 480 rental units with 144 reserved for low- and middle-income households, as well as 8,500 square feet of ground-floor retail space. Douglas Elliman Development Marketing is in charge of leasing and marketing and Urban Atelier Group is the general contractor for the property, which is located on a through-block parcel between Seventh and Eighth Avenues with frontage on both West 28th and 29th Streets.
Construction is now underway at 97 Glenmore Avenue, the site of a forthcoming affordable housing development in Brownsville, Brooklyn. The building will debut as Glenmore Manor led by private real estate company Brisa Builders Development, non-profit community developer African American Planning Commission Inc., and affordable housing owner-developer Lemle & Wolff Companies.
