Render of 26-01 4th Street, courtesy of Lu Ning Architecture

Developer Secures Bridge Loan to Complete 26-01 4th Street In Astoria, Queens

Developers have secured a $60.25 million bridge loan to complete construction on 26-01 4th Street, a 13-story residential building in the Hallets Point section of Astoria, Queens. Designed by Lu Ning Architecture and developed by Ming’s Garden Realty LLC, the structure will yield 143 condominium units in studio to two-bedroom layouts, as well as a 40,034-square-foot community facility and 167 parking spaces. New Land Capital arranged the loan from Slate Property Group and LibreMax Capital for the property, which is located at the corner of 4th Street and 26th Avenue.

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Housing Lottery Launches for 4622 Fort Hamilton Street in Borough Park, Brooklyn

The affordable housing lottery has launched for 4622 Fort Hamilton Parkway, a six-story mixed-use building in Borough Park, Brooklyn. Designed by Ying Jiang of Basic Groups Corp. and developed by U.S. Developments Group, 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 $85,715 to $165,230.

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Disney Headquarters Nears Completion at 7 Hudson Square in Hudson Square, Manhattan

Construction is nearing completion on The Walt Disney Company’s 22-story New York headquarters at 7 Hudson Square in Hudson Square, Manhattan. Designed by Skidmore, Owings & Merrill and developed by Silverstein Properties, 338-foot-tall structure will yield 1.2 million square feet of offices, film and production studios, and ground-floor retail space. Lendlease is the general contractor for the project, which is alternately addressed as 137 Varick Street and formerly addressed as 4 Hudson Square, and stands on an 85,600-square-foot full-block plot bound by Vandam Street to the north, Spring Street to the south, Varick Street to the east, and Hudson Street to the west.

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