Tona Development and KS Group have closed on a $49.9 million construction loan to complete a new rental building at 50 Sussex Avenue in Newark, New Jersey. Designed by INOA Architecture, the building will top out at 15 stories and contain a mix of 203 apartments and 2,000 square feet of ground-floor retail space.
Demolition is wrapping up at 1357 Second Avenue, the site of a 21-story residential building in the Lenox Hill section of Manhattan’s Upper East Side. Developed by The Chetrit Group, which purchased the property for $47.2 million in 2018, the 230-foot-tall structure will yield 54 apartments spread across 150,000 square feet and 5,700 square feet of commercial space. The development also includes a four-story, 40-foot-tall annex that will yield an additional inventory of affordable housing units. CF East 72 Owner LLC is the owner and RIG Kingland Services is the general contractor for the project, which is located at the corner of Second Avenue and East 72nd Street.
![The 4519 White Plains Rod project team celebrates the construction milestone - [From left, to right] Carlton Roye, project manager at Galaxy Construction; Jack Coogan, principal at OCV Architects; Jimmy Zervoudis, principal at Galaxy Construction; John McDonald, interim president at The Doe Fund; Lucy Sanchez, DASNY project manager; and Jeff Chu, development director of finance at Robert Sanborn Development](https://newyorkyimby.com/wp-content/uploads/2023/03/Project-team-at-4519-White-Plains-Road.jpg)
Construction has topped out on The Plains, a nine-story mixed-income residential property at 4519 White Plains Road in the Wakefield section of The Bronx. Led by developers The Doe Fund and Robert Sanborn Development, the building will contain 98 deeply affordable homes, 20 apartments reserved for tenants 62 and older, and on-site supportive housing for 49 formerly homeless adults living with disabilities.
Full permits have been filed for a 52-story mixed-use skyscraper at 589 Fulton Street in Downtown Brooklyn. Bound by Fulton Street, DeKalb Avenue, and Flatbush Avenue, the lot is steps from the Dekalb Avenue subway station, serviced by the B, Q and R trains. The Witkoff Group is listed as the owner behind the applications.
Permits have been filed for a nine-story residential building at 225 Bedford Park Boulevard in Jerome Park, The Bronx. Located at the intersection of Valentine Avenue and Bedford Park Boulevard, the corner lot is near the Bedford Park Boulevard subway station, serviced by the B and D trains. Vilson Lumaj is listed as the owner behind the applications.
