L+M Development Partners, Type A Projects, and MSquared recently closed on $42 million in construction financing to complete a 78-unit affordable housing project in Newark, New Jersey. The property will occupy a portion of an existing residential complex at 250 Georgia King Village in the city’s Fairmount neighborhood.
Permits have been filed for a nine-story mixed-use building at 953 Dean Street in Crown Heights, Brooklyn. Located between Classon Avenue and Franklin Avenue, the lot is near the Franklin Avenue subway station, serviced by the A and C trains. Solomon Schwimmer of Twin Group Associates Inc. is listed as the owner behind the applications.
The affordable housing lottery has launched for The Clark, an eight-story residential building at 310 Clarkson Avenue in Prospect Lefferts Gardens, Brooklyn. Designed by Jonathan Kirschenfeld Architect and developed by Hudson Companies, the structure yields 170 residences. Available on NYC Housing Connect are seven units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $52,286 to $192,400.
Affordable studios and one-bedrooms at 810 Fulton Street are now available via the NYC Housing Connect lottery. The 12-story affordable housing development is located in Clinton Hill, Brooklyn and is alternately addressed as 475 Clermont Avenue.
Several more floors have been added to the reinforced concrete superstructure of 255 West 34th Street, a rising 33-story hotel in Midtown, Manhattan. Designed by Stonehill Taylor Architects and developed by The Chetrit Group, the 397-foot-tall, 155,594-square-foot development will yield 330 guest rooms. Flintlock Construction Services, LLC is the general contractor for the building, which is located on the southern edge of the Garment District between Seventh and Eighth Avenues, right across from One Penn Plaza, Madison Square Garden, and a short walk to the nearby James A. Farley Building and Moynihan Train Hall.
