The team behind the La Central Development has closed a deal for financing towards the construction of their massive mixed-use project in the Melrose Community of the South Bronx. This is one of the largest mixed-income projects currently under construction in New York City. Once complete, the project will span 1.1 million square feet, with five buildings and 992 units entirely devoted to affordable housing.
Permits have been filed for a seven-story residential building at 1935 Bedford Avenue, in Prospect Lefferts Gardens, Brooklyn. The site is seven blocks away from the Parkside Avenue Subway Station at the corner of Prospect Park, serviced by the Q trains. The Winthrop Street Station is also six blocks away from the site, and serviced by the 2 and 5 trains. Bedford Holdings JV will be responsible for the development.
It was nearly two and a half years ago that YIMBY last reported on permits and a rendering for 731 and 733 Bergen Street, in Prospect Heights, Brooklyn. Today, we have the first rendering of the project’s redesign, by Bizdesigns LLC. The new structure looks lighter, with tan panels on the two protruding sections and base, rather than dark brick, as well as paneled screens on the lower floors. The windows were also subject to changes, and the nine balconies will be colored black, instead of red.
Demolition permits have been filed for 308, 310, 312, and 314 East 86th Street, by 2nd Avenue, on the Upper East Side of Manhattan, all by the same developer. The buildings are right next to the new 86th Street Subway Station, serviced by the Q train. The sites are owned by Izaki Group Investments, who were reported as purchasing three of the sites in March of 2017 for $42 million, from Extell Development, which purchased the sites in April of 2016.
The West Side’s building boom has been nothing short of transformative over the past few years, resulting in two new residential buildings of over 1,000 units apiece. While The Moinian Group’s Sky opened in 2016, TF Cornerstone’s 606 West 57th Street is also closing in on the finish line. With leasing expected to begin in a few months, YIMBY has word that the tower has officially been named The Max, in honor of Max Elghanayan.