L+M Development Partners, Triangle Equities, and The Bluestone Organization have closed on a $95.7 million loan to complete Beach Dunes III, a mixed-use affordable housing property on the border of Edgemere and Far Rockaway in Queens. Located at 331 Beach 35th Street, the building will include 146 mixed-income apartments, 2,100 square feet of commercial space, and a 1,160-square-foot community center.
Permits have been filed for a four-story residential building at 3301 Newkirk Avenue in East Flatbush, Brooklyn. Located at the intersection of Newkirk Avenue and New York Avenue, the lot is three blocks east of the Newkirk Avenue-Little Haiti subway station, serviced by the 2 and 5 trains. Samuel Amsel under the 1335 NY SYA LLC is listed as the owner behind the applications.
It’s time for the yearly Design Challenge competition by Metals in Construction magazine, a publication of the Steel and Ornamental Metal Institutes of New York. The goal each year is to generate ideas about the role of architecture in helping to solve social problems. This year the challenge with a $15,000 grand prize is to redevelop a New York City office tower for market-rate housing.
Construction is ramping up on 262 Fifth Avenue, a 1,000-foot residential supertall in NoMad, where the tower crane has just completed assembly. Designed by Meganom with SLCE Architects as the executive architect and developed by Boris Kuzinez of Five Points Development under the Five Points 262 Project LLC, the 54-story skyscraper will yield 41 condominium units. WSP is the structural and M.E.P. engineer and CM & Associates Construction Management is the general contractor for the property, which is located at the southwest corner of Fifth Avenue and West 29th Street.
Fine Properties New York this week closed on a $35 million loan to complete The Elisa at 251 West 14th Street in Chelsea, Manhattan. Designed by Brazilian architect Isay Weinfeld with HTO Architect, the ground-up condominium building stands 11 stories tall and will include 25 homes and a collection of amenities.