Construction is now topped out at the third and final residential tower in Jersey City’s Journal Squared complex in New Jersey. Located at 595 Pavonia Avenue in the city’s Journal Square neighborhood, the 60-story building will eventually contain 596 rental apartments, and 18,000 square feet of amenities.
The affordable housing lottery has launched for 61 Clarkson Avenue, a six-story residential building in Prospect Lefferts Gardens, Brooklyn. Designed by Carusone & Cherres Architects and developed by Clarkson Parnasa LLC, the structure yields 11 residences. Available on NYC Housing Connect are four units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $72,000 to $167,570.
Permits have been filed for a four-story residential building at 874 Home Street in Crotona Park East, The Bronx. Located at the intersection of Home Street and East 169th Street, the lot is in walking distance of the Freeman Street subway station, serviced by the 2 and 5 trains. Michael Fredericks of FQuad LLC is listed as the owner behind the applications.
Last Thursday, YIMBY attended the topping out of The Arabella at 4720 Third Avenue, a nine-story residential building in the Belmont section of The Bronx. Designed by Ismael Leyva Architects and developed by Vertical Community Development and Sioni Group, the structure will yield 165 market-rate and affordable units designed by Marin Architects as well as retail space and a collection of amenities in the podium. DeSimone Structural Engineers is the structural engineer, REAL New York is handling leasing and marketing, and OmniBuild Construction is the general contractor for the project, which occupies a trapezoidal plot bound by East 189th Street to the north, East 188th Street to the south, Washington Avenue to the east, and Third Avenue to the west.
A residential conversion of the Hudson Hotel will move forward following the acquisition of a $100 million financial package from Northwind Group. Located at 358 West 58th Street in Hell’s Kitchen, Manhattan, the existing 878-key hotel will be redeveloped to support 441 rental apartments and more than 50,000 square feet of retail space. CSC Coliving, repeat Northwind Group borrowers, will oversee the conversion of the property, which is situated between Eighth and Ninth Avenues, just southwest of Columbus Circle and Central Park.
