The affordable housing lottery has launched for 3836-3838 Carpenter Avenue, a pair of four-story residential buildings in Williamsbridge, The Bronx. Designed by Badaly Architects and developed by Aglin Zefi, the structure yields 20 residences. Available on NYC Housing Connect are six units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $69,429 to $187,330.
Permits have been filed to expand a three-story structure into a four-story residential building at 158 Martense Street in Flatbush, Brooklyn. Located between Rogers Avenue and Bedford Avenue, the interior lot is two blocks from the Church Avenue subway station, serviced by the 2 and 5 trains. Solomon Simkowitz is listed as the owner behind the applications.
Fortress Investment Group, Bizzi & Partners, and U.S. Immigration Fund have closed on $313 million in construction financing to complete 125 Greenwich Street, a stalled 88-story residential skyscraper in Manhattan’s Financial District. Designed by Rafael Viñoly Architects, the 912-foot-tall structure is planned to yield 273 condominium units with interiors by March & White and marketing by Douglas Elliman Marketing Development, which is aiming to launch sales this fall. The loan was provided by Northwind Group, a debt fund manager headquartered in New York City. Work will resume with Time Square Construction and Plaza Construction jointly managing contracting duties for the property located at the corner of Greenwich and Thames Streets, just south of the World Trade Center complex and Liberty Park.
Construction is finishing up on the 20-story Marriott SpringHill hotel at 223 West 46th Street in Times Square. Designed by Gene Kaufman Architects and developed by McSam Hotel Group, the 70,000-square-foot structure will yield 200 guest rooms. Zhong Wang Construction Services is the general contractor for the project, which is located between Seventh and Eighth Avenues.
Renderings from BILD NY Architecture are the first to reveal a new residential expansion project at 1188 President Street in Crown Heights, Brooklyn. The existing property, constructed around 1920, stands two stories tall and houses a small ground-floor deli and five rental apartments. The expansion will add a three-story volume above, and several neighboring properties along President Street and Nostrand Avenue.
