Construction is now complete on Twenty Five Maple, a seven-story mixed-use property at 25 Maple Avenue in downtown New Rochelle. Designed by Beyer Blinder Belle and developed by WBP Development and LMXD, an affiliate of L+M Development Partners, the 275,000-square-foot building comprises 184 rental units in studio to two-bedroom layouts, 1,900 square feet of ground floor commercial space, and a 115,000-square-foot parking structure.
The affordable housing lottery has launched for 740 Brook Avenue, a nine-story mixed-use building in Woodstock, The Bronx. Designed by Dattner Architects and developed by Phipps Houses with construction financing through NYC Housing Preservation and Development and New York State Homes and Community Renewal, the structure yields 55 residences. Available on NYC Housing Connect are 42 units for residents at 30 to 100 percent of the area median income (AMI), ranging in eligible income from $16,183 to $165,500.
Permits have been filed to expand a one-story structure into a five-story residential building at 114 Lexington Avenue in Bedford Stuyvesant, Brooklyn. Located between Franklin and Classon Avenues, the lot is one block from the Classon Avenue subway station, serviced by the G train. Ariel Shalom of Le Capital NYC is listed as the owner behind the applications.
Exterior work is nearing completion on The Paxton, a 43-story mixed-use skyscraper at 540 Fulton Street in Downtown Brooklyn. Designed by Marvel Architects and developed by Jenel Management, the 511-foot-tall tower will yield 330,000 square feet with 327 residential units in studio to three-bedroom layouts, 137,075 square feet of commercial space, and 33,000 square feet of retail space in the multi-story podium. M.N.S. is handling sales and marketing for the residential component of the property, which is located by the intersection of Flatbush Avenue and Fulton Street.
In an exclusive reveal, preliminary renderings offer a first look at 164 4th Avenue, a 17-story mixed-use building in Gowanus, Brooklyn. JLL represented the long-term owners of the site, White Plains-based Heron Real Estate, and arranged the partnership with a prolific New York City-based developer.
