The affordable housing lottery has launched for Vital Brookdale at 535 East 98th Street in Brownsville, Brooklyn. Designed by Dattner Architects, the structure yields 160 residences. Available on NYC Housing Connect are 117 units for residents at 50 to 80 percent of the area median income (AMI), ranging in eligible income from $35,829 to $118,400.
Façade installation has begun on 595 Dean Street, a two-building mixed-use development in the Pacific Park complex in Prospect Heights, Brooklyn. Designed by Handel Architects and developed by TF Cornerstone, the complex will yield a total of 798 units between the 23-story West Tower and 28-story East Tower. Residences will come in studio, studio alcove, one-bedroom, and two-bedroom layouts, with 240 homes slated for affordable housing. The development will also contain 72,600 square feet of public open space, ground-floor retail area, a 455-car parking garage, and a Chelsea Piers Field House. TFC Pacific Park GC LLC is the general contractor and MNLA is the landscape designer for the property, which is bound by Pacific Street to the north, 550 Vanderbilt Avenue to the east, 535 Carlton Apartments to the west, and Dean Street to the south.
Excavation and foundation work are ramping up at 375 Dean Street, site of a 12-story residential building in Park Slope, Brooklyn. Developed by 35 Holding LLC, the 125-foot-tall structure will yield 79,715 square feet and 104 units, as well as a cellar and ground-floor retail space. Empire Management & Construction LLC is the general contractor for the property, which is located at the corner of Dean Street and the busy corridor of Fourth Avenue.
An affiliate of GFI Capital Resources has secured $195 million in refinancing for The Beekman, a historic landmarked hotel in Manhattan’s Financial District. The deal included a $130 million senior loan with Bank OZK arranged by Newmark and a $65 million subordinate financing raised from bond investors on the Tel Aviv Stock Exchange.
The affordable housing lottery has launched for 2809 Clarendon Road, a seven-story residential building in Flatbush, Brooklyn. Designed by NY Building Associates Inc., the structure yields 16 residences. Available on NYC Housing Connect are five units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $58,286 to $167,570.
