Haussmann Development and Kriss Capital have secured a $38.5 million construction loan to complete a seven-story rental property at 827 Sterling Place in Crown Heights, Brooklyn. Designed by Issac & Stern Architects, the structure will yield 76 apartments, with 23 designated as affordable housing and financed through the now-expired 421-a tax abatement program. The property is located between Rogers and Nostrand Avenues.
Permits have been filed for a five-story mixed-use building at 206 Ditmas Avenue in Kensington, Brooklyn. Located between East 2nd Street and East 3rd Street, the lot is one block east of the Ditmas Avenue subway station, serviced by the F train. Joseph Frank of 214 Ditmas LLC is listed as the owner behind the applications.
The affordable housing lottery has launched for The Stockton, an eight-story residential building at 912 Broadway in Stuyvesant Heights, Brooklyn. Designed by Zproekt Architecture, the structure yields 81 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 $102,652 to $198,250.
Façade installation is nearing completion on Waterside at Xchange, a 25-story residential building in Secaucus, New Jersey. Designed by Perkins Eastman and developed by Fraternity Meadows, the 250,000-square-foot structure is also known as Building G in the 60-acre Xchange at Secaucus Junction complex and will yield 403 residences next to a four-story parking garage. Waterside at Xchange is the tallest component in the 1,538-unit transit-oriented master plan, and is located on a formerly undeveloped plot of land between the Hackensack River and Brianna Lane.
Construction is progressing on 58 Dupont Street, a four-story residential building in Greenpoint, Brooklyn. Developed by 58 Dupont LLC, the structure will yield four units including a top-floor penthouse, a rooftop deck, and a cellar level. Mabe Group Inc. is the general contractor for the property, which is located on an interior lot between Manhattan Avenue to the east and Franklin Street to the west.