BLDG Management Company has secured a $425 million loan to complete a 69-story residential skyscraper in Long Island City, Queens. The development, known as The Orchard, will take shape at 42-02 Orchard Street and debut as the tallest residential building in the neighborhood.
The affordable housing lottery has launched for Atlantic Chestnut Phase 1, a 14-story mixed-use building at 250 Euclid Avenue in East New York, Brooklyn. Designed by Dattner Architects and developed by Phipps Houses, the three-structure complex will yield 1,200 residences when complete. Available on NYC Housing Connect are 341 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $16,938 to $140,080.
Permits have been filed for a five-story residential building at 713 East 35th Street in East Flatbush, Brooklyn. Located between Brooklyn Road and Farragut Road, the lot is near the Newkirk Avenue-Little Haiti subway station, serviced by the 2 and 5 trains. Marvis Burns of BMB Living Inc. is listed as the owner behind the applications.
Finishing touches are underway on the Perelman Performing Arts Center, a 138-foot-tall cubic structure in the 16-acre World Trade Center site in the Financial District. Designed by REX with Davis Brody Bond Architects as the executive architect and developed by The Perelman, the property will feature three performance spaces: the 450-seat John E. Zuccotti Theater, the 250-seat Mike Nichols Theater, and the 99-seat Doris Duke Foundation Theater. The halls can also be combined into a single 950-seat auditorium. The property is bound by Vesey Street to the north, Fulton Street to the south, Greenwich Street to the east, and Skidmore Owings & Merrill‘s One World Trade Center to the west.
Continental Properties has secured a $49.7 million construction loan to complete a new 169-unit rental development in Livingston, New Jersey. Located at 100 Eisenhower Parkway, the building will top out at four stories and comprise a mix of one-, two-, and three-bedroom units.
