This week Jersey City city officials gathered for the groundbreaking of a $200,000 renovation and expansion project at Fairmount Triangle Park. The grant-funded improvement project will join two bisected green spaces to create an uninterrupted public park at the intersection of Fairmount and Summit Avenues.
The affordable housing lottery has launched for 25-88 49th Street, an four-story residential building in Astoria, Queens. The development yields 6,625 square feet and is designed by Carusone & Cherres Architects. Available on NYC Housing Connect are two units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $92,572 to $167,570.
Construction has topped out on 2551-2555 Broadway, a 22-story residential project on Manhattan’s Upper West Side. Designed by Stephen B. Jacobs Group and developed by Extell, the 276,578-square-foot structure will yield 130 units averaging 1,660 square feet apiece, as well as 9,080 square feet of commercial space. Leeding Builders Group, LLC is the general contractor and Paragon JV Prop. III, LLC is the owner of the property, which is located at the corner of Broadway and West 96th Street.
The core has reached street level on 141 Willoughby Street, a 24-story mixed-use building in Downtown Brooklyn. The 400,000-square-foot structure is designed by Fogarty Finger with SLCE as the executive architect and developed by Savanna Real Estate, which just secured $264 million in construction financing for the project. The property will yield office and retail space and is located on a trapezoidal plot bound by Willoughby Street to the south, Gold Street to the west, and Flatbush Avenue Extension to the east.
This Monday, the City Planning Commission certified a major initiative to rezone Manhattan’s Soho and Noho Historic Districts. The goal of the initiative is to expand allowable residential density for multifamily buildings, spur the construction of income-restricted and permanently affordable housing, and increase available community facilities.
