The affordable housing lottery has launched for 38 Stratford Road, a five-story residential building in Prospect Park South, Brooklyn. Designed by Tecnico Engineering, the structure yields 17,188 square feet and 14 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 $63,429 to $167,570.
It looks like construction is coming to a close on Sven, a 762-foot-tall skyscraper at 29-37 41st Avenue and the second-tallest building in Long Island City, Queens. Also known as Queens Plaza Park, the 67-story tower is designed by Handel Architects for The Durst Organization and will yield 958 rental units with interiors designed by Selldorf Architects, including 300 units set aside as affordable housing. Hunter Roberts is the general contractor and Jaros, Baum & Bolles Engineering administered the mechanical systems for the project, which is bound by Northern Boulevard to the east, Queens Plaza North and Dutch Kills Green to the south, and 41st Avenue to the west.
Construction is topped out on 50 Trinity Place, a 28-story Aloft Hotel in the Financial District. Designed by Peter Poon Architects and developed by FIT Investment Corporation, which purchased the property for $15 million in 2012, the 77,310-square-foot tower will yield 173 hotel rooms at the corner of Trinity Place and Rector Street, diagonally across from Trinity Church.
L&L Holding Company and Columbia Property Trust have successfully closed on $1.25 billion in construction financing to complete a commercial overhaul of Terminal Warehouse in Chelsea, Manhattan. Led by COOKFOX Architects, the property will eventually house a mix of Class A office suites, retail space, and dining area.
The affordable housing lottery has launched for 65 Woodbine Street, a four-story residential building in Bushwick, Brooklyn. Designed by Diego Aguilera Architects, the new construction property yields 5,332 square feet and eight 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 $66,000 to $139,620.