Permits have been filed for a 39-story mixed-use tower at 1448 Third Avenue on the Upper East Side of Manhattan. Located at the intersection of Third Avenue and East 82nd Street, the lot is one block from the 86th Street subway stations, serviced by the Q, 4, 5, and 6 trains. Douglaston Development is listed as the owner behind the applications.
The affordable housing lottery has launched for 1009 Nelson Avenue, a four-story residential building in Highbridge, The Bronx. Designed by Boaz M. Golani of BMG Architects and developed by Shaya Seidenfeld of MZS Realty, the structure yields 16 residences. Available on NYC Housing Connect are five units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $84,000 to $146,900.
Construction has topped out on 1057 Atlantic Avenue, a 17-story residential building in Bedford-Stuyvesant, Brooklyn. Designed by dencityworks and developed by Douglaston Development, the sprawling 474,000-square-foot structure will yield 456 rental apartments in studio to three-bedroom layouts, with 137 units reserved for affordable housing, as well as 35,000 square feet of amenities and 31,000 square feet of ground-floor retail space. Levine Builders is the general contractor for the $320 million project, which was formerly addressed as 1045 Atlantic Avenue and is located between Classon and Franklin Avenues.
Developers have secured a $60.25 million bridge loan to complete construction on 26-01 4th Street, a 13-story residential building in the Hallets Point section of Astoria, Queens. Designed by Lu Ning Architecture and developed by Ming’s Garden Realty LLC, the structure will yield 143 condominium units in studio to two-bedroom layouts, as well as a 40,034-square-foot community facility and 167 parking spaces. New Land Capital arranged the loan from Slate Property Group and LibreMax Capital for the property, which is located at the corner of 4th Street and 26th Avenue.
The affordable housing lottery has launched for 4622 Fort Hamilton Parkway, a six-story mixed-use building in Borough Park, Brooklyn. Designed by Ying Jiang of Basic Groups Corp. and developed by U.S. Developments Group, the structure yields 16 residences. Available on NYC Housing Connect are five units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $85,715 to $165,230.
