The affordable housing lottery has launched for 2333 Beaumont Avenue, a four-story residential building in Belmont, The Bronx. Designed by Basic Groups Corp. and developed by Klosed Properties, 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 $59,143 to $138,840.
The Ritz-Carlton Hotel and Residences at 25 West 28th Street recently celebrated its grand opening in NoMad. Designed by Rafael Vinoly and developed by Marriott, Ritz Carlton Hotels, and Flag Luxury Group, the 50-story, 500-foot-tall reinforced concrete skyscraper yields 250 guest rooms and 19 suites spread across 150,000 square feet, as well as 16 one- and two-bedroom penthouse residences on the upper levels that owners and their guests can stay in for up to 120 nights per year. Lendlease served the general contractor for the Midtown, Manhattan project, which is alternatively addressed as 1185 Broadway Street and is located at the corner of Broadway and West 28th Street. The Erin Boisson Aries team at Douglas Elliman is handling the sales of the penthouses. Other design teams for the Ritz-Carlton include SUSURUSS, Rockwell Group, and Barcelona-based studio Lázaro Rosa-Viola.
Occupancy has begun at Wonder Lofts, a new condominium property at 720 Clinton Street in Hoboken, New Jersey. Designed by MVMK Architects and Workshop/APD and developed by Prism Capital Partners and Angelo Gordon, and Parkwood Development, the building yields 83 loft-style homes and more than 14,000 square feet of amenities.
Permits have been filed for an eight-story affordable housing building at 171 West 239th Street in Kingsbridge, The Bronx. Located between John M. Collins Place and Putnam Avenue West, the lot is blocks from the 238th Street subway station, serviced by the 1 train. Tishman Speyer is listed as the owner behind the applications.
Construction is rising on 124 East 86th Street, a 20-story residential building on Manhattan’s Upper East Side. Designed by Igor Zaslavskiy of Zproekt Architects and developed by Rybak Development under the 126 East 86th Street Development LLC, the 210-foot-tall structure will yield 76,414 square feet, with 32 condominium units spread across 62,370 square feet and 1,519 square feet of commercial space. Rybak is also serving as the general contractor for the property, which is located on a narrow rectangular plot between Lexington and Park Avenues.