Developers and elected officials recently gathered to celebrate the completion of Nevins Street Apartments, a 129-unit affordable housing property in Downtown Brooklyn. Located at 50 Nevins Street, the property now comprises 6,000 square feet of commercial space and over 100,000 square feet of residential area.
The Department of Housing Preservation and Development (HPD), Housing Development Corporation, and NYCHA have announced plans to construct Sol on the Park, a 195-unit affordable housing property in the Morrisania section of The Bronx. Located at the corner of St. Paul’s Place and Park Avenue, the project sits within the Morris II public housing development.
The New Jersey Department of Community Affairs has awarded $985,000 to New Jersey Community Capital (NJCC) to facilitate the development, preservation, and enhancement of affordable housing, vocational programming, and community facilities in East Trenton.
Permits have been filed for a seven-story mixed-use building at 114 Erasmus Street in Flatbush, Brooklyn. Located between Rogers and Nostrand Avenues, the lot is one block south of the Church Avenue subway station, serviced by the 2 and 5 trains. Jai Patel of PHG Construction Corp. is listed as the owner behind the applications.
Parkview Financial recently provided a $92 million construction loan to facilitate the completion of a ten-story commercial building at 1498-1538 Coney Island Avenue in Midwood, Brooklyn. The building will comprise over 215,000 square feet of retail, office space, and community facilities.
