Merchants Capital recently secured funding to redevelop a historic hospital structure in Jamaica, Queens into low-income and supportive housing. The announced funding package amounts to $21 million in the form of a Freddie Mac unfunded forward Low-Income Housing Tax Credit (LIHTC) cash loan on behalf of private affordable housing developer Dunn Development Corp.
Permits have been filed for an eight-story mixed-use building at 815 Flatbush Avenue in Flatbush, Brooklyn. Located between Caton Avenue and Linden Boulevard, the lot is a short walk to the Parkside Avenue subway station, serviced by the Q train. Harry Einhorn under the Flatbush Caton LLC is listed as the owner behind the applications.
Today, YIMBY has the first look at The Walt Disney Company’s future headquarters in Hudson Square. The development will be located at 137 Varick Street and will consist of a pair of 19-story buildings. Demolition is currently underway at the site, and several more structures will also need to be cleared to make way for the mass media company. YIMBY last reported on the property back in late September, noting the project will be formally addressed as Four Hudson Square. Skidmore Owings & Merrill is the designer of the project and Skanska is in charge of the on-site demolition activity.
Installation of the glass and brick curtain wall of 460 Main Street, aka Riverwalk 8, is nearing completion on Roosevelt Island. The 21-story, 341-unit building is designed by Handel Architects and is being developed as a joint venture between Related Companies and Hudson Companies. This will be the eighth component in the nine-building Riverwalk rental complex.
Buyers are now moving into a newly complete condominium building at 91 Leonard Street in TriBeCa, Manhattan. The structure was completed earlier this year by Toll Brothers City Living, the urban development division of Toll Brothers, Inc.