Construction wrapped up last month on architecture firm FORMA’s first multi-residential project in New York City. Located at 163 Roebling Street in Williamsburg, Brooklyn, work on the 4,800-square-foot property consisted of a gut renovation and a vertical residential addition. Saffrock Investments LLC is the developer with construction by SAMA Construction and structural engineering by Murray Engineering.
Work is nearing completion on Gansevoort Peninsula Park, a new 5.5-acre public recreational green space along the Hudson River waterfront off the West Village. Designed by James Corner Field Operations and commissioned by the Hudson River Park Trust, the park will contain a full-size soccer field surrounded by lush landscaping and shrubbery, numerous pathways, stepped seating, a children’s playground, kayak slips, a salt marsh, a dog run, viewing platforms, and Manhattan’s first public sandy beach. The site is located next to Pier 53, directly across from the Whitney Museum of American Art along Hudson River Park.
Innovo Property Group, represented by JLL Capital Markets, has secured $354 million in financing to complete a new industrial development at 28-90 Review Avenue in Long Island City, Queens. Total capitalization includes multiple financial packages for acquisition, construction, and development costs provided by Axos Bank, Cerberus Capital Management, and Goldman Sachs Asset Management’s Urban Investment Group.
Permits have been filed for a nine-story mixed-use building at 861 Park Avenue in Bedford-Stuyvesant, Brooklyn. Located between Marcus Garvey Boulevard and Broadway, the lot is steps from the Flushing Avenue subway station, serviced by the J and M trains. Bruchy Lefkowitz is listed as the owner behind the applications.
The affordable housing lottery has launched for 1818 Prospect Avenue, a seven-story residential building in Crotona Park East, The Bronx. Developed by Moses Freund of The Vaja Group and designed by BTE Design Services, the structure yields 46 residences. Available on NYC Housing Connect are five units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $147,292 to $227,630.
