Avery Hall has closed on a $72.5 million construction loan to complete a new 17-story rental property at 544 Carroll Street in Gowanus, Brooklyn. The loan, provided by TD Bank, was arranged by JLL Capital Markets on behalf of Avery Hall and co-developers Declaration Partners and Bridge Investment Group.
The affordable housing lottery has launched for 83-15 Parsons Boulevard, a four-story mixed-use building in Jamaica, Queens. Designed by ARC Architecture + Design Studio and developed by Roy Moussaieff under the 83-15 Parsons LLC, the structure yields 33 residences. Available on NYC Housing Connect are 10 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $56,572 to $198,250.
Permits have been filed for a five-story residential building at 1081 Anderson Avenue in Highbridge, The Bronx. Located between West 165th Street and West 166th Street, the lot is near the 167th Street subway station, serviced by the 4 train. Gjergj Lunaj is listed as the owner behind the applications.
Construction is rapidly moving along at 43-30 24th Street, a large 66-story residential skyscraper in Long Island City, Queens. Designed by Hill West Architects and developed by Carmel Partners, the 731-foot-tall tower will yield 921 units spread across 838,000 square feet and 17,400 square feet of ground-floor commercial retail space. Carmel Construction East is the general contractor for the property, which is bound by 43rd Avenue to the north, 44th Road to the south, 24th Street to the east, and 23rd Street to the west.
Construction is in full swing at 28-08 38th Avenue in Dutch Kills, Queens. The reinforced concrete superstructure reached the halfway mark and is on its way to stand seven stories tall upon topping out and reportedly yield 50 rental units, retail space, and an art studio. Realty 38 LC is listed as the owner and IX Construction Inc. is the general contractor for the property, which is located at the corner of 38th Avenue and 28th Street. The 12,933-square-foot site was once home to a single-story 8,935-square-foot commercial warehouse building, two three-story mixed-use residential and office structures totaling 6,968 square feet, and an open-air driveway measuring 1,674 square feet. An architect and developer were not listed.