Merchants Capital has provided $104 million in construction financing for a major rehabilitation project at Harlem River Houses and the adjacent Harlem River II Campus, collectively known as Harlem River Houses I and II. The New York City Housing Authority (NYCHA) public housing complex sits between 151st and 153rd Street, Macombs Place, and Harlem River Drive in Harlem.
Permits have been filed for a six-story mixed-use building at 3831 Carpenter Avenue in Williamsbridge, The Bronx. Located between East 220th and East 221st Streets, the lot is one block from the 219th Street subway station, serviced by the 2 and 5 trains. Alban Haxhari of KGCJ Development Corp. is listed as the owner behind the applications.
Below-grade work is continuing to progress at 625 Fulton Street, the site of a planned 35-story tower in Downtown Brooklyn. Designed by Fischer Rasmussen Whitefield Architects and developed by Rabsky Group, which closed on $450 million in construction financing from Madison Realty Capital, the building will yield 1,098 units, 26,000 square feet of retail space, and a parking garage for up to 250 vehicles. The project has gone through numerous design iterations since its conception, including work by Skidmore Owings & Merrill, and is located on a plot bound by Fulton Street to the south, Hudson Avenue to the west, Rockwell Place to the east, and the 34-story 80 DeKalb Avenue to the north.
Developer CHA Partners recently celebrated the grand opening of Margaret O. Carpenter Women’s Health Center, a first-of-its kind specialty medical facility in Rockaway Beach, Queens. The facility is located at 105-20 Rockaway Beach Boulevard within the recently completed Rockaway Beach Medical Arts Complex.
The affordable housing lottery has launched for 320 West 135th Street, a nine-story mixed-use building in Harlem, Manhattan. Designed by AQC Architect and Elod Studio with David Jimenez as architect of record, and developed by Rafael Santandreu, the structure yields 17 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 $90,858 to $167,570.
