Permits have been filed for a seven-story residential building at 51 Franklin Avenue in Bedford-Stuyvesant, Brooklyn. Located between Park Avenue and Flushing Avenue, the lot is within walking distance of the Flushing Avenue subway station, serviced by the G train. Zelig Weiss of Riverside Developers is listed as the owner behind the applications.
Demolition is progressing at 1 Park Row, the site of a 23-story mixed-use building in the Financial District. Designed by Fogarty Finger Architects and developed by Circle F Capital, the 103,000-square-foot structure will yield 58 condominiums in one-, two-, and three-bedroom configurations, along with 19,000 square feet of commercial office and retail space on the lower levels. MJM Associates Construction LLC is the general contractor and 1 Park Row Development LLC is the owner of the property, which sits at the intersection of Park Row and Ann Street. 1 Park Row received a $90 million construction loan from Los Angeles-based Parkview Financial last summer.
Acacia Network and Phipps Houses recently celebrated the grand opening of Santaella Gardens, a 249-unit affordable housing property in the Soundview section of The Bronx. Located at 1230 Metcalf Avenue, available homes are reserved for individuals and households earning between 30 percent and 90 percent Area Median Income (AMI), as well as 25 units for the formerly homeless.
The affordable housing lottery has launched for 100 Lenox Road, an eight-story residential building in Flatbush, Brooklyn. Designed by S. Wieder Architect with Input Creative Studio as the interior design team and Beitel as the developer, the structure yields 95 residences. Available on NYC Housing Connect are 29 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $64,286 to $167,570.
Permits have been filed for an eight-story residential building at 1688 Weeks Avenue in Concourse, The Bronx. Located between East 173rd and East 174th Streets, the lot is near the 174th-175th Streets subway station, serviced by the B and D trains. Simcha Ludmir under the Weeks Capital Associates LLC is listed as the owner behind the applications.
