Naftali Group and Access Industries have closed on a $375 million construction loan to complete a three-tower development at 470-490 Kent Avenue in South Williamsburg, Brooklyn. Designed by Hill West Architects, the buildings will sit on the East River waterfront and top out at 16, 21, and 22 stories.
Permits have been filed for a four-story residential building at 366 Leonard Street in Williamsburg, Brooklyn. Located between Frost Street and Withers Street, the lot is near the Graham Avenue subway station, serviced by the L train. Bruklyn Builders is listed as the owner behind the applications.
The affordable housing lottery has launched for 269 Wallabout Street, an eight-story mixed-use building in South Williamsburg, Brooklyn. Designed by Fischer + Makooi Architect and developed by Rabsky Group, the structure yields 159,098 square feet and 128 parking spaces. Available on NYC Housing Connect are 77 units for residents at 40 to 115 percent of the area median income (AMI), ranging in eligible income from $29,760 to $202,515.
Work is progressing below grade at 228 Berry Street, the site of an eight-story residential building in Williamsburg, Brooklyn. Designed by Fischer Rasmussen Whitefield Architect and developed by Berry North LLC, the 85-foot-tall structure will yield 35,329 square feet with 50 rental units spread across 34,825 square feet and 504 square feet of retail space. There will also be a cellar level, 25 enclosed parking spaces, and 25 open-air parking spaces. Bluesy Builders is the general contractor for the property, which is bound by North 1st Street to the north, and Grand Street to the south, and Berry Street to the east.
Construction is finishing up on 510 Driggs Avenue, a six-story residential building in Williamsburg, Brooklyn. Designed by Woods Bagot and developed by Northlink Capital, the 79,500-square-foot structure will yield 44 units in studio to four-bedroom layouts with sales led by The Serhant Team of Nest Seekers Development Marketing, as well as 12,820 square feet of commercial space. Ray Builders is the general contractor for the property, which is located at the intersection of Driggs Avenue and North 8th Street.