Housing Lottery Launches for 491 Evergreen in Bushwick, Brooklyn

The affordable housing lottery has launched for 491 Evergreen Avenue, a four-story residential building in Bushwick, Brooklyn. Designed by Amr Ouda and developed by Sasha Mehdyzadeh under the Silverrock Development LLC, the structure yields ten residences. Available on NYC Housing Connect are three units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $80,572 to $198,250.

Read More

Foundations Underway at 300 East 50th Street in Midtown East, Manhattan

Foundations are underway at 300 East 50th Street, the site of a 23-story residential building in the Turtle Bay section of Midtown East, Manhattan. Designed by BKSK Architects and developed by MAG Partners in collaboration with Global Holdings, KRW Realty Advisors, Krown Point, and Safanad, the 275-foot-tall structure will span 170,000 square feet and yield 194 units, with 30 percent allocated to affordable housing, as well as ground-floor retail space, a cellar level, and a 30-foot-long side yard. 300 East 50th Street Owner LLC is listed as the owner and Urban Atelier Group is the general contractor for the property, which is located at the intersection of Second Avenue and East 50th Street.

Read More

Demolition Wraps Up At 540 Third Avenue in Murray Hill, Manhattan

Demolition is finishing up at 540 Third Avenue, the site of a 22-story residential building in Murray Hill, Manhattan. Designed by Ismael Leyva Architects and developed by Robert Gilardian of Gilar Realty, the 235-foot-tall structure will span roughly 109,000 square feet and yield 160 rental units with an average scope of 625 square feet, as well as 3,747 square feet of ground-floor commercial space and a cellar level. Third Avenue Pavilions Residences is listed as the owner and Celtic Services NYC Inc. is the demolition contractor for the property, which is alternately addressed as 162 East 36th Street and located at the corner of Third Avenue and East 36th Street.

Read More