325 Gates Avenue in Bed-Stuy, Brooklyn. All images courtesy of NYC Housing Connect

Housing Lottery Units Still Available at 325 Gates Avenue in Bed-Stuy, Brooklyn

The affordable housing lottery has launched for 325 Gates Avenue, a six-story mixed-use building in Bedford-Stuyvesant, Brooklyn. Designed by ND Architecture & Design and developed by Renaissance Realty Group, the structure yields 48 residences and ground-floor retail space for five storefronts. Available on NYC Housing Connect are seven units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $72,138 to $167,570.

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Glass Curtain Installation Begins on Tiffany & Co.’s Expansion in Midtown, Manhattan

Installation of the wavy glass curtain wall has begun on the steel-framed addition atop Tiffany & Co.’s flagship store at 727 Fifth Avenue in Midtown, Manhattan. Designed by OMA partners Shohei Shigematsu and Jake Forster, the project involves a three-story addition over the original roof line of the 71-year-old Art Moderne building, which is located at the corner of Fifth Avenue and 57th Street. CallisonRTKL is the architect of record and Peter Marino Architects is handling the interior renovations for the iconic jewelry store. Tiffany & Co. temporarily relocated its flagship to an adjacent storefront at 6 East 57th Street during construction.

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Demolition for 27-Story Pace University Tower Complete at 15 Beekman Street in Financial District

Demolition is now complete at 15 Beekman Street, the site of a 27-story academic center and dormitory for Pace University in the Financial District. Designed by Manish Chadha of Ismael Leyva Architects and developed by SL Green Realty, the 338-foot-tall structure will be addressed as 126-132 Nassau Street and yield 213,084 square feet of classrooms, dorms, a dining facility, a library, and a learning center. The building will also have a cellar, sub-cellar, and a 20-foot-long rear yard.

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Rendering of 1325 Jerome Avenue (formerly 1331 Jerome Avenue) - GF55 Partners; The Doe Fund

New York State Announces $35 Million in Construction Financing to Facilitate Supportive Housing Developments

The State of New York has announced a sixth round of funding for the Empire State Supportive Housing Initiative, an ambitious plan to create or preserve over 100,000 affordable and at least 6,000 supportive housing units. For this round, the state will release $35 million in financing aimed at creating at least 1,400 supportive housing units.

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