KPG Funds has secured a $50 million construction loan to complete The Crosby, a new boutique office building in Soho. Located at 40 Crosby Street, the five-story building will comprise 52,000 square feet of office space and an 18,000-square-foot retail space on the ground floor.
Permits have been filed for a nine-story affordable housing building at 63-68 Austin Street in Rego Park, Queens. Located at the intersection of 63rd Drive and Austin Street, the lot is in walking distance of 63rd Drive – Rego Park subway station, serviced by the E, M, and R trains. Yin Chou Hu of AAA General Construction Corp. is listed as the owner behind the applications.
Foundations are taking shape at 218 Front Street, the site of a two-building residential complex in Vinegar Hill, Brooklyn. Designed by S. Wieder Architect and developed and built by Chess Builders, the structures will yield seven stories and 218 rental apartments with 66 affordable housing units, as well as 350 square feet of commercial space and 180 square feet of community space. The site is bound by Front Street to the north and York Street to the south, and was formerly occupied by a one-story industrial warehouse and an open-air lumber yard.
Downtown Brooklyn’s One Willoughby Square high-rise has achieved the highest LEED Platinum interior score in the country. Designed by FXCollaborative for JEMB Realty, the 34-story office tower comprises 40,000 square feet, an amenity suite, and a collection of high-efficiency systems that improve the structure’s energy performance, as well as the interior air quality.
The affordable housing lottery has launched for 2279 Barker Avenue, a seven-story residential building in Allerton, The Bronx. Designed by Dome Architecture, the structure yields 23 residences. Available on NYC Housing Connect are 22 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $99,086 to $198,250.
