The New York City Council has unanimously approved zoning text amendments to facilitate the construction of a new mixed-use development at 737 Fourth Avenue in Sunset Park, Brooklyn. The proposed project will create 134 rental apartments, ground-floor retail, and publicly accessible car and bicycle parking.
The affordable housing lottery has launched for 1250 New York Avenue, a four-story residential building in Flatbush, Brooklyn. The 9,628-square-foot development was designed by Paul J. Hessel, and yields ten units. Available on NYC Housing Connect are three units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $65,143 to $167,570.
Construction is continuing to rise on 150 West 48th Street, a 330-foot tall, 38-story Hilton hotel in Times Square. Designed by Gene Kaufman Architect and developed by Sam Chang of McSam Hotel Group, the 320,000-square-foot structure will yield 1,048 hotel rooms, up from the previous reported count of 974, making it the ninth-largest hotel in New York City. McSam Hotel Group purchased the site from Rockefeller Group in early 2019 for $140 million, and received a $250 million construction loan before work broke ground in 2020. Omnibuild is in charge of constructing the hotel.
Exterior work is nearing completion on the Innolabs life science facility at 45-18 Court Square in Long Island City, Queens. Designed by Perkins + Will and developed by King Street Properties, Newmark Knight Frank, and GFP Real Estate, the project involves a ground-up six-story addition in multiple wings and the rehabilitation of the central building. The property is located just south of Jackson Avenue between Court Square West and Pearson Street, and is a short walk from the Court Square subway station, servicing the 7, E, and G trains.
BLDG Management Company has officially launched leasing at Stella LES, a new rental property at 251 East 2nd Street in the East Village, Manhattan. Designed by Rotwein + Blake Architects, the ten-story property houses 44 one- and two-bedroom apartments, many offering private balconies and terrace spaces.