New York YIMBY

Gindi Capital, Avery Hall Secure $110M Construction Financing for 204 4th Avenue in Gowanus, Brooklyn

7:00 am on May 10, 2023 By Vanessa Londono

This week Gindi Capital and Avery Hall closed on $110 million in construction financing for the development of a 13-story, 193-unit mixed-use, mixed-income building at 204 4th Avenue in Gowanus, Brooklyn. Located at the intersection of the Gowanus and Park Slope neighborhoods on a full city block between Union and Sackett Street, the ground-up construction will also have an expansive amenity package including a rooftop lounge and pool. Affinius Capital LLC provided the construction financing for the project with financing arranged by Christopher Peck and Peter Rotchford of JLL.

Housing Lottery Launches for 311 Franklin Avenue in Bed-Stuy, Brooklyn

6:30 am on May 10, 2023 By Vanessa Londono

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.

Rendering of 12 West 57th Street by Skidmore, Owings & Merrill

Final Demolition Underway For SOM’s 12 West 57th Street in Midtown, Manhattan

8:00 am on May 9, 2023 By Michael Young and Matt Pruznick

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.

Self Storage Facility Nears Completion at 41-47 East 21st Street in Flatiron District, Manhattan

7:30 am on May 9, 2023 By Michael Young and Matt Pruznick

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 at at 41-05 29th Street - Photo by Michael Young

NOVA Granted Temporary Certificate of Occupancy at 41-05 29th Street in Long Island City, Queens

7:00 am on May 9, 2023 By Sebastian Morris

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 Filed for 767 East 232nd Street in Wakefield, The Bronx

6:30 am on May 9, 2023 By Vanessa Londono

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.

Excavation Begins for Two-Tower Project at 570 Washington Street in West Village, Manhattan

8:00 am on May 8, 2023 By Michael Young and Matt Pruznick

Excavation and pilings are underway at 570 Washington Street, the site of a two-tower residential project in Manhattan’s West Village. Designed by COOKFOX Architects with SLCE Architects as the architect of record and developed by Zeckendorf Development, Atlas Capital, and The Baupost Group, the $1.25 billion complex will consist of 29- and 36-story towers rising 400 and 450 feet, respectively, and will yield an undisclosed number of condominium units and commercial space. ACI VI Clarkson LLC is the owner and AECOM Tishman is the general contractor for the property, which occupies a 1.3-acre block bound by Clarkson Street to the north, West Houston Street to the south, Washington Street to the east, and West Street to the west. The developers acquired the plot for $340 million in early 2022 and have projected a $1 billion sellout on the homes.

217 West 20th Street Nears Completion in Chelsea, Manhattan

7:30 am on May 8, 2023 By Michael Young and Matt Pruznick

Construction is nearing completion on 217 West 20th Street, a six-story private residence in Chelsea, Manhattan. Designed by TEN Arquitectos in collaboration with Elsa Ponce Architectural Design and developed by Bermuda Overseas Mission under the 217 West 20th Street LLC, the structure will yield 11,000 square feet with a ground-floor garage. Wesbuilt Construction Mangers is the general contractor for the property, which is located between Seventh and Eighth Avenues.

The Wyldes Nears Completion at 1100 South 5th Street in Harrison, New Jersey

7:00 am on May 8, 2023 By Sebastian Morris

Construction is nearly complete on 1100 South 5th Street, a new rental building in Harrison, New Jersey. From developer Advance Realty, the property will debut as The Wyldes and contain 399 rental apartments and 70,000 square feet of amenities.

Housing Lottery Launches for 28 Bartlett Street in East Williamsburg, Brooklyn

6:30 am on May 8, 2023 By Vanessa Londono

The affordable housing lottery has launched for 28 Bartlett Street, a seven-story residential building in East Williamsburg, Brooklyn. Designed by Jongmin Kim Architects and developed by Moshe Jacobowitz, the structure yields 12 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 $137,143 to $215,150.

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