The affordable housing lottery has launched for 200 Montague Street, a 20-story residential building in Brooklyn Heights, Brooklyn. Designed by Beyer Blinder Belle and developed by Aurora Capital Partners, the structure yields 121 residences. Available on NYC Housing Connect are 38 units for residents at 80 to 130 percent of the area median income (AMI), ranging in eligible income from $54,960 to $215,1500.
Exterior work is progressing on 142-150 South Portland Avenue, a 13-story mixed-use building in Fort Greene, Brooklyn. Designed by OCV Architects and developed by South Portland LLC, the 129-foot-tall structure will span 105,749 square feet and yield 100 below-market-rate rental units in studio to three-bedroom layouts, a below-ground medical facility, and 9,891 square feet of community facility space. The project also includes a 30-foot-long rear yard. Lettire Construction Corp. is the general contractor for the property, which is located between South Elliott Place and Hanson Place.
L+M Development Partners, Bluestone Organization, and Triangle Equities have closed on $44.66 million in financing to complete a major infrastructure improvement project in Arverne, Queens, a small coastal neighborhood on the Rockaway Peninsula. The financing will cover the reconstruction of Edgemere Avenue between Beach 32nd and Beach 38th Streets, critical infrastructure improvements to the surrounding neighborhood, and the completion of Arverne East, a 1,650-unit master-planned community.
The Fountains, a 1,163-units affordable housing complex in East New York, Brooklyn is now 100 percent leased. Developed by The Arker Companies, the complex spans 35 acres and includes six buildings located at 11629 Seaview Avenue, 911 Erskine Street, 10 Schroeder’s Walk, 702 Vandalia Avenue, 881 Erskine Street, and 894 Fountain Avenue.
Demolition is progressing at 201-207 Seventh Avenue, the site of a nine-story residential building in Chelsea, Manhattan. Designed by Amie Gross Architects and developed by New York City’s Department of Housing Preservation and Development, the 85-foot-tall structure will span 30,859 square feet and yield 26 affordable co-op units in studio to three-bedroom layouts, as well as 1,828 square feet of retail space divided among three tenants. Star Companies is the general contractor for the property, which is alternately addressed as 170 West 22nd Street and located at the southeast corner of Seventh Avenue and West 22nd Street.
