Arch Companies and AB Capstone have secured $106 million in construction financing from Madison Realty Capital for a mixed-use tower at 3-50 St. Nicholas Avenue in Ridgewood, Queens. Located on the North Brooklyn-Queens border, the 17-story building will debut as one of the tallest in the area.
The affordable housing lottery is open for 3 West 128th Street, a six-story residential development in Harlem, Manhattan. Designed by BMG Design Build, the 15,896-square-foot building will yield 20 units. Available on NYC Housing Connect are two units for residents at 130 percent of the area median income, ranging in eligible income from $66,858 to $133,120.
The affordable housing lottery is open for 1634 Church Avenue, an eight-story mixed-use development in Flatbush, Brooklyn. Designed by J. Frankl Associates and developed by The Jay Group, the 60,499-square-foot building will yield 48 units. Available on NYC Housing Connect are 15 units for residents at 130 percent of the area median income, ranging in eligible income from $68,572 to $159,640.
The Department of City Planning has officially launched the requisite public review process for 960 Franklin Avenue, a contentious high-rise development in Crown Heights, Brooklyn. The proposal includes two 39-story buildings flanked by several additional volumes ranging from 16 to 20 stories.
The affordable housing lottery is open for Maverick, a 20-story mixed-use development at 225 West 28th Street in Chelsea, Manhattan. Designed by DXA Studio and developed by HAP Investments, the 154,820-square-foot building will yield 112 units. Available on NYC Housing Connect are 35 units for residents at 70 to 80 percent of the area median income, ranging in eligible income from $34,115 to $112,800.
