The affordable housing lottery has launched for The Clairemont, a 14-story mixed-use building at 26-04 Jackson Ave in Long Island City, Queens. Designed by Kao Hwa Lee Architects and developed by CW Realty, the structure yields 82 residences. Available on NYC Housing Connect are 25 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $105,875 to $218,010.
Façade installation is progressing on 625 Fulton Street, a 35-story mixed-use skyscraper 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 rental units, 26,000 square feet of retail space on the lower levels, and an on-site parking garage for 250 vehicles. The property 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.
Last week BRP Companies, public officials, and project partners celebrated the grand opening of The Monarch at 92-29 Guy R. Brewer Boulevard in Jamaica, Queens. The 25-story mixed-use building brings 605 mixed-income residences to the downtown neighborhood, along with 20,000 square feet of state-of-the-art amenity spaces and 14,000 square feet of retail space to the community.
Timbale Terrace, an affordable housing development in East Harlem, Manhattan, has received final approval and will now advance to construction financing. The project is a partnership among Mega Group Development, the Lantern Organization, and the New York City Department of Housing Preservation and Development, and will be built on an underutilized City-owned parking lot on Park Avenue between 118th and 119th Streets.
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