Excavation is progressing at 65 Franklin Street, the site of a 19-story residential building in Tribeca. Designed by CetraRuddy Architecture, the 210-foot-tall structure will yield 41 homes and ground-floor retail space. The project is being developed by HAP Investment Developers, which secured $94 million in construction financing from G4 Capital Partners in the spring of 2019. The site is located at the corner of Broadway and Franklin Streets, and was formerly occupied by several low-rise structures. Noble Construction Group is the general contractor for the property.
Construction is rising on 192 Montague Street, a 20-story residential building in the Borough Hall Skyscraper Historic District of Brooklyn Heights. The 140,700-square-foot structure is designed by Beyer Blinder Belle with James M. Patterson of Ancora Engineering listed as the applicant of record, and developed by Midtown Equities, which purchased the 10,000-square-foot site for $25 million from HSBC Bank.
Construction has broken ground on a 60-unit affordable housing building for senior and disabled residents at 160 Halstead Street in East Orange, New Jersey. Designed by DMR Architects and developed by Genesis Companies, the building will comprise 61,000 square feet with 60 individual units.
The affordable housing lottery has launched for Jerome Avenue Residences, a 21-story mixed-use building at 1325 Jerome Avenue in Mount Eden, The Bronx. The development is designed by GF55 Partners and developed by The Doe Fund. Available on NYC Housing Connect are 101 units for residents at 40 to 60 percent of the area median income (AMI), ranging in eligible income from $25,200 to $88,800.
Construction is wrapping up on The Central at 5th, a 367-foot-tall Hilton Grand Vacation Hotel at 12 East 48th Street in Midtown East. Designed by Handel Architects and developed by Hidrock Realty, the 31-story structure will yield 161 rooms across 125,000 square feet. DeSimone Consulting Engineers is the structural engineer, The Rinaldi Group is the general contractor, and IBA Consulting & Engineering, PLLC is the envelope consultant for the building, which is located between Madison Avenue to the east and Fifth Avenue to the west.