Merchants Capital has provided $104 million in construction financing for a major rehabilitation project at Harlem River Houses and the adjacent Harlem River II Campus, collectively known as Harlem River Houses I and II. The New York City Housing Authority (NYCHA) public housing complex sits between 151st and 153rd Street, Macombs Place, and Harlem River Drive in Harlem.
Permits have been filed for a six-story mixed-use building at 3831 Carpenter Avenue in Williamsbridge, The Bronx. Located between East 220th and East 221st Streets, the lot is one block from the 219th Street subway station, serviced by the 2 and 5 trains. Alban Haxhari of KGCJ Development Corp. is listed as the owner behind the applications.
Below-grade work is continuing to progress at 625 Fulton Street, the site of a planned 35-story tower in Downtown Brooklyn. Designed by Fischer Rasmussen Whitefield Architects and developed by Rabsky Group, which closed on $450 million in construction financing from Madison Realty Capital, the building will yield 1,098 units, 26,000 square feet of retail space, and a parking garage for up to 250 vehicles. The project has gone through numerous design iterations since its conception, including work by Skidmore Owings & Merrill, and is located on a plot bound by Fulton Street to the south, Hudson Avenue to the west, Rockwell Place to the east, and the 34-story 80 DeKalb Avenue to the north.
Permits have been filed for a five-story residential building at 65 Eckford Street in Greenpoint, Brooklyn. Located between Driggs Avenue and Engert Avenue, the lot is four blocks from the Nassau Avenue subway station, serviced by the G train. Abe Posner is listed as the owner behind the applications.
Closings have begun for the 46 condominium units within the main tower of 111 West 57th Street, a 1,428-foot residential supertall in Midtown. Designed by SHoP Architects and developed by JDS Development, Property Markets Group, and Spruce Capital Partners, the 84-story edifice stands as the world’s most slender building. Studio Sofield is the interior designer and The Corcoran Group is leading sales and marketing for the residences, which also include 14 homes within the restored Steinway Hall building in the podium. WSP is the structural engineer, RWDI consulted with the design of the 800-ton tuned mass damper, Jaros, Baum & Bolles is the MEP engineer, R&R Scaffolding Ltd. provided the building maintenance unit (BMU) sitting atop the crown, and BuroHappold Engineering is the façade consultant for the project, which is located between Sixth and Seventh Avenues on Billionaires’ Row.