Housing Lottery Launches for 159 Boerum Street in East Williamsburg, Brooklyn

7:00 am on September 25, 2024 By Vanessa Londono

The affordable housing lottery has launched for 159 Boerum Street, a new 19-story residential development in East Williamsburg, Brooklyn. Designed by Aufgang Architects and developed by Slate Property Group in partnership with Avenue Realty Capital and SD Builders and Construction LLC, the structure yields 162 residences. Available on NYC Housing Connect are 49 units for residents at 60 to 130 percent of the area median income (AMI), ranging in eligible income from $50,298 to $218,010.

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651 4th Avenue Nears Completion in South Slope, Brooklyn

8:00 am on September 24, 2024 By Michael Young and Matt Pruznick

Construction is nearing completion on 651 Fourth Avenue, an 11-story residential building in South Slope, Brooklyn. Designed by INOA Architecture and developed by New Leaf Development, the structure will span 34,680 square feet and yield 26 condominium units with an average scope of 1,237 square feet, as well as 2,270 square feet of ground-floor retail space and 450 square feet for a small healthcare facility. The property is alternately addressed as 183 20th Street and located at the corner of 4th Avenue and 20th Street.

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Lucent33 Finishes Construction at 37-34 33rd Street in Astoria, Queens

7:30 am on September 24, 2024 By Michael Young and Matt Pruznick

Construction is complete on Lucent33, a seven-story mixed-use building at 37-34 33rd Street in Long Island City, Queens. Designed by Andres Escobar and developed by George Xu under the 33rd Street Ventures LLC, the 75-foot-tall structure spans 64,984 square feet and yields 64 rental units in studio- to two-bedroom layouts with an average scope of 744 square feet, as well as 10,601 square feet of commercial space, a cellar level, a 30-foot-long rear yard, and 32 enclosed parking spaces. The property is located between 37th and 38th Avenues.

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Rendering of 261 Grand Concourse and 315 Grand Concourse. Credit: S. Weider Architect PC

Developer Secures $135 Million Loan for 261-315 Grand Concourse in Mott Haven, The Bronx

7:00 am on September 24, 2024 By Max Gillespie

Developer Beitel Group has secured a $135 million construction loan to complete two adjacent residential projects at 261 and 315 Grand Concourse in Mott Haven, Bronx. Designed by S. Weider Architect PC, the 14-story structures will span a combined 348,000 square feet and yield 405 rental units in studio to two-bedroom layouts, as well as 136 parking spaces and a 5,100-square-foot shared recreation space. The buildings will rise from a triangular parcel bound by East 138th Street to the south, Grand Concourse to the east, and Walton Avenue to the west.

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