Construction has topped out and is quickly wrapping up on the six-story, 102-unit mixed-use building under development at 5 Blue Slip as part of the Greenpoint Landing mega-development, in northern Greenpoint. All of the building’s apartments will rent at below-market rates through the affordable housing lottery; applications for them have just launched.
After months of negotiations with the community, developer Avery Hall Investments has agreed to amendments to its two-building, mixed-use development planned at 120 Fifth Avenue, located on the corner of Baltic Street in Park Slope. When the plans were initially presented in February, YIMBY reported that the 196,000-square-foot project would include 165 residential units and 52,000 square feet of retail. Twenty-five percent, or 41 units, would rent at below-market rates through a lottery and 7,500 square feet of the retail space would be designated for a grocery store.
Foundation work appears to be complete where a 22-story, 252-unit mixed-use building is under development at 416 Kent Avenue, in Williamsburg near the East River. The site can be seen thanks to photos posted to the YIMBY Forums. The tower will be connected by a common base with two other 22-story residential towers, located next door at 420 Kent Avenue. That site was cleared of commercial low-rises earlier this year.
Excavation work is underway on the site of a planned 12-story, 110-unit mixed-use building at 79 Avenue D, in the Alphabet City section of the East Village. The developer, L+M Development Partners, has also secured $52.8 million in construction financing. The latest building permits indicate the project will encompass 114,422 square feet and rise 120 feet above street level, not including the bulkhead.
Last-minute design changes can be revealed for the seven-story, 28-unit residential project currently receiving finishing touches at 11-07 Welling Court, in western Astoria near the East River. Ten artists were also commissioned by the developer to craft works throughout the building, DNAinfo reported. The latest building permits indicate the project encompasses 27,144 square feet and rises 68 feet to its roof.
