Affordable housing

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.

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.

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.

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.

35 Commercial Street. Designed by Handel Architects.

Affordable Housing Lottery Launches for 35 Commercial Street in Greenpoint, Brooklyn

7:30 am on June 3, 2023 By Sebastian Morris

The affordable housing lottery has launched for 35 Commercial Street, a newly constructed affordable housing property in Greenpoint, Brooklyn. Located within the Greenpoint Landing mega-complex, the 22-story building will contain 374 permanently affordable apartments and 7,600 square feet of retail space on the lower levels. The project is developed by Park Tower Group along with Greenpoint Landing Associates, New York City’s Housing Preservation & Development (HPD), and the Housing Development Corporation (HDC).

Aerial rendering of 326 Rockaway Avenue - Courtesy of Aufgang Architects

Affordable Housing Development Breaks Ground at 326 Rockaway Avenue in Brownsville, Brooklyn

7:30 am on June 2, 2023 By Sebastian Morris

Construction has broken ground at 326 Rockaway Avenue, the site of a 17-story affordable housing development in Brownsville, Brooklyn. Designed by Aufgang Architects and developed by Slate Property Group and RiseBoro Community Partnership, the project will yield 215 permanently affordable housing units, around 5,000 square feet of ground-floor commercial space, and will debut as one of the most sustainable income-restricted properties in New York City. Slate appointed multidisciplinary design studio OSD (the Office of Strategy and Design) as the landscape architects responsible for designing a welcoming outdoor experience.

Rendering illustrates 1057 Atlantic Avenue - Courtesy of Dencityworks

Rendering Revealed for 456-Unit Rental Property at 1057 Atlantic Avenue in Bed-Stuy, Brooklyn

7:30 am on June 1, 2023 By Sebastian Morris

Douglaston Development has revealed new renderings of a 17-story residential building under construction at 1057 Atlantic Avenue in Bedford-Stuyvesant, Brooklyn. Designed by dencityworks, a local architecture studio, the 474,000-square-foot building will deliver 456 apartments, a collection of amenity spaces, and 31,000 square feet of ground-floor retail space.

Affordable Housing Lottery Launches for Bronx Point Phase 1 at 575 Exterior Street in the South Bronx

7:00 am on June 1, 2023 By Vanessa Londono

The affordable housing lottery has launched for Bronx Point Phase 1, a 22-story mixed-use building at 575 Exterior Street in the South Bronx. Designed by S9 Architecture and developed by L+M Development Partners, Type A Projects, and BronxWorks, the structure yields 542 residences, 56,000 square feet of community facility space, 12,000 square feet of retail space, and will serve as the home of the Universal Hip Hop Museum. Available on NYC Housing Connect are 432 units for residents at 30 to 120 percent of the area median income (AMI), ranging in eligible income from $18,515 to $198,600.

Elected Officials Celebrate the Opening of a New Playground at 178 Warburton Avenue in Yonkers

7:30 am on May 31, 2023 By Sebastian Morris

State, city, and county officials recently gathered to celebrate the opening of a new playground at 178 Warburton Avenue in Yonkers. Located within The Ridgeway affordable housing project, the space is designed for children ages five to 12 with rubberized flooring and a variety of play equipment.

Housing Lottery Launches for 596 Metropolitan Avenue in Williamsburg, Brooklyn

7:00 am on May 31, 2023 By Vanessa Londono

The affordable housing lottery has launched for 596 Metropolitan Avenue, a six-story residential building in Williamsburg, Brooklyn. Designed by Peter Pizzimenti and developed by Joel Schwartz, the structure yields 12 residences. Available on NYC Housing Connect are four units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $104,880 to $156,130.

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Affordable housing

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