Residential

88 East 127th Street is Close to Wrapping Up in East Harlem, Manhattan

7:30 am on August 17, 2023 By Michael Young and Matt Pruznick

Construction is nearing the finish line on 88 East 127th Street, a 19-story residential building in East Harlem, Manhattan. Designed by GF55 Architects and developed and built by Artimus Construction, the 214-foot-tall structure will span 174,951 square feet and yield 160 rental units, with 40 reserved for affordable housing, as well as 15,657 square feet of commercial space. The project stands on a formerly vacant plot bound by Park Avenue, and East 126th and East 127th Streets.

Rendering of 54 Crown Street designed by Hill West Architects in Crown Heights, Brooklyn

Developer Secures $233M to Complete 54 Crown Street in Crown Heights, Brooklyn

7:00 am on August 17, 2023 By Sebastian Morris

Carmel Partners landed a $233 million loan to complete a 17-story rental building at 54 Crown Street in Crown Heights, Brooklyn. Designed by Hill West Architects, the structure will contain 569 apartments, 182 enclosed parking spaces, around 7,500 square feet of ground-floor retail space, and a 1,500-square-foot community facility.

Rendering of Netherbay at Bay Shore in Nassau County, Long Island

Developers Reveal Netherbay at Bay Shore Assisted Living Redevelopment in Nassau County, Long Island

7:30 am on August 16, 2023 By Sebastian Morris

A pair of private investors has revealed plans to redevelop a historic homestead into an assisted living and memory care facility in Nassau County, Long Island. Led by Charles Ferraro and Nicholas Racanelli, the three-story building in Bay Shore will debut as Netherbay at Bay Shore and contain 72 individual apartments and advanced medical care and rehabilitation facilities.

Excavation Underway for Hendrix House at 429 Second Avenue in Kips Bay, Manhattan

7:30 am on August 14, 2023 By Michael Young and Matt Pruznick

Excavation is unfolding for Hendrix House, a 12-story residential building at 429 Second Avenue in Kips Bay, Manhattan. Designed by DXA Studio and developed by New Empire Corp., the 150-foot-tall structure will span 44,571 square feet and yield 59 condominium units and a suite of Paris Forino-designed amenity spaces. CORE Real Estate is handling sales and marketing and New Empire Builder Corp. is the general contractor for the property, which is located at the corner of Second Avenue and East 25th Street.

Permits Filed for 1320 Inwood Avenue in Mount Eden, The Bronx

6:30 am on August 14, 2023 By Vanessa Londono

Permits have been filed for a 14-story mixed-use building at 1320 Inwood Avenue in Mount Eden, The Bronx. Located between West 170th Street and Clarke Place West, the lot is near the 170th Street subway station, serviced by the 4 train. Ralph Fasano of the Concern for Independent Living is listed as the owner behind the applications.

Aerial view of Edgemere Commons - Aufgang Architects

Wells Fargo Hits $780M Financing Milestone for New York City Affordable Housing Projects

7:00 am on August 13, 2023 By Sebastian Morris

The Community Lending and Investment division of Wells Fargo has reached a new milestone, $780.3 million in construction financing for affordable housing projects in New York City and Westchester County. The figure represents five loans, all closed in June 2023, the company’s largest-ever half-cycle allocation.

Permits Filed for 586 Schenectady Avenue in East Flatbush, Brooklyn

6:30 am on August 13, 2023 By Vanessa Londono

Permits have been filed to expand a one-story structure into a four-story residential building at 586 Schenectady Avenue in East Flatbush, Brooklyn. Located between Rutland Road and Winthrop Street, the lot is near the Sutter Avenue – Rutland Road subway station, serviced by the 3 train. Yossi Gershovitz is listed as the owner behind the applications.

Rendering of the National Black Theatre and Ray Harlem

Ray Harlem Rises At 2033 Fifth Avenue in East Harlem, Manhattan

8:00 am on August 12, 2023 By Michael Young

Construction is in full swing for Ray Harlem at 2033 Fifth Avenue in the Special Arts District in East Harlem, Manhattan. Designed by Handel Architects and Frida Escobedo, and developed by Ray and LMXD, the ground-up 21-story, 240-foot-tall mixed-use project will yield 222 rental units in the main tower ranging from studios to two-bedrooms, a portion of which are designated towards affordable housing, while the National Black Theatre (NBT) is expected to occupy 25,000 square feet of space on the ground floor, cellar level and floors three through five and feature a 250-seat flexible temple space and a 99-seat studio theater, classrooms, and offices. Little Wing Lee is the interior designer, Charcoalblue, Marvel Architects, and Studio & Projects are overseeing the theater aspect and Chatsworth Builders is listed at the general contractor for the property, which is located along Fifth Avenue between East 125th and East 126th Streets.

Rendering of Noble LIC at 27-09 40th Avenue

Construction Tops Out at 27-09 40th Avenue in Long Island City, Queens

7:30 am on August 12, 2023 By Sebastian Morris

Construction is now topped out at 27-09 40th Avenue, a six-story condominium property in Long Island City. The project team includes developers Gus Vorillas and Abdel Aziz Raouf, represented as 40th Ave Dutch Kills Realty LLC, and architect HCN Design & Consulting.

Permits Filed for 104-69 Roosevelt Avenue in North Corona, Queens

6:30 am on August 12, 2023 By Vanessa Londono

Permits have been filed for a four-story mixed-use building at 104-69 Roosevelt Avenue in North Corona, Queens. Located between 104th Street and 108th Street, the interior lot is near the 111th Street subway station, serviced by the 7 train. Franklin Torres is listed as the owner behind the applications.

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Residential

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