The affordable housing lottery has launched for 311 Franklin Avenue, a seven-story mixed-use building in Bedford-Stuyvesant, Brooklyn. Designed by Sion Consulting and developed by Mathew Ahdoot of United Bay Ridge, the structure yields ten residences. Available on NYC Housing Connect are three units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $90,858 to $187,330.
Demolition is underway on the final two buildings at 12 West 57th Street, the site of a 672-foot-tall residential skyscraper in Midtown, Manhattan. Designed by Skidmore, Owings & Merrill and developed by Solow Management Corp., the tower will rise along Billionaires’ Row between Fifth and Sixth Avenues and West 56th and 57th Streets.
Construction is nearing completion on a Cube Smart self storage facility at 41-47 East 21st Street in the Flatiron District. Developed by Mequity Companies, which purchased the property from The Zucker Organization for $32.3 million in March 2019, the project involves the conversion of a four-story, 50,000-square-foot parking garage into a storage facility. Equity E. 21st Owner LLC is the owner and Park East Construction is the general contractor for the property, which is located Fifth Avenue and Park Avenue.
NOVA, a high-rise condominium property at 41-05 29th Street in Long Island City, has been granted a Temporary Certificate of Occupancy from New York City’s Department of Buildings. Led by SB Development, the building contains 86 apartments, an expansive collection of amenities, and 2,300 square feet of ground-floor retail space.
Permits have been filed for a four-story residential building at 767 East 232nd Street in Wakefield, The Bronx. Located between White Plains Road and Barnes Avenue, the lot is steps from the 233rd Street subway station, serviced by the 2 and 5 trains. Kol Zefi of East 232 Builders LLC is listed as the owner behind the applications.
