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Affordable housing

Alloy Block’s 100 Flatbush Avenue Nears Completion in Downtown Brooklyn

8:00 am on June 8, 2023 By Michael Young and Matt Pruznick

Exterior work is nearing completion on 100 Flatbush Avenue, a 44-story residential tower in the Alloy Block complex in Downtown Brooklyn. Designed and developed by Alloy Development, the 482-foot-tall, fully electric-powered structure will yield 441 rental units. Of these, 45 will be dedicated to affordable housing, developed in conjunction with the Fifth Avenue Committee. The five-building Alloy Block master plan will encompass 850 units with 200 permanently affordable apartments, 100,000 square feet of Class A office space, 50,000 square feet of retail space, 500 parking spaces for bikes, two Passive House public schools designed by Architecture Research Office, and space for a local cultural institution. Urban Atelier Group is the general contractor for the property, which is bound by Flatbush Avenue to the northeast, Third Avenue to the northwest, and State Street to the southwest.

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625 Fulton Street Reaches The Halfway Mark in Downtown Brooklyn

8:00 am on June 6, 2023 By Michael Young and Matt Pruznick

Construction has reached the halfway mark on 625 Fulton Street, a 35-story mixed-use tower in Downtown Brooklyn. Designed by Fischer Rasmussen Whitefield Architects and developed by Rabsky Group with $450 million in construction financing from Madison Realty Capital, the 500-foot-tall structure will yield 1,098 residential units, 26,000 square feet of retail space, and an on-site parking garage for 250 vehicles. Galaxy Developers is the general contractor for the property, which is alternately addressed as 485 Hudson Avenue and bound by the 34-story 80 DeKalb Avenue to the north, Fulton Street to the south, Rockwell Place to the east, and Hudson Avenue to the west.

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Housing Lottery Launches for 1457 Flatbush Avenue in Flatbush, Brooklyn

6:30 am on June 6, 2023 By Vanessa Londono

The affordable housing lottery has launched for 1457 Flatbush Avenue, an eight-story mixed-use building in Flatbush, Brooklyn. Designed by Paul Jensen of Strekte Corp. and developed by Harry Einhorn of Flatbush Tower One LLC, the structure yields 71 residences, 2,689 square feet of commercial space, 8,150 square feet of community facility space, and 25 parking spaces. Available on NYC Housing Connect are 22 units for residents at 80 to 130 percent of the area median income (AMI), ranging in eligible income from $57,429 to $156,130.

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Housing Lottery Launches for 71-82 Parsons Boulevard in Flushing, Queens

6:30 am on June 5, 2023 By Vanessa Londono

The affordable housing lottery has launched for 71-82 Parsons Boulevard, an eight-story mixed-use building at 79-71 Parsons Boulevard in Flushing, Queens. Designed by ARC Architecture + Design Studio and developed by Joshua Asherian, the structure yields 94 residences, 7,518 square feet of community space, and 45 parking spaces. Available on NYC Housing Connect are 29 units for residents at 80 to 130 percent of the area median income (AMI), ranging in eligible income from $55,269 to $187,330.

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Site Preparations Underway for Majestic at 540 DeGraw Street in Gowanus, Brooklyn

8:00 am on June 4, 2023 By Michael Young and Matt Pruznick

Crews are readying for excavation at the site of Majestic, a 12-story residential building at 540 DeGraw Street in Gowanus, Brooklyn. Designed by Handel Architects and developed by Domain Companies, Goldman Sachs Asset Management’s Urban Investment Group, Vorea Group, and Mega Development, the 146-foot-tall structure will span 244,882 square feet and yield 268 rental units with an average scope of 861 square feet, as well as 13,929 square feet of retail and office space and 45 enclosed parking spaces. Twenty-five percent of the apartments will be designated for affordable housing. Future Green Studio is the landscape designer and Mega Contracting Group is the general contractor for the property, which is alternately addressed as 537 Sackett Street and bound by DeGraw Street to the north, Sackett Street to the south, and Nevins Street to the west.

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