Residential

Affordable Housing Lottery Launches for 224 Units at 227 West Street and 27 Eagle Street in Greenpoint, Brooklyn

The affordable housing lottery has launched for Eagle+West, a two-tower residential development at 227 West Street and 27 Eagle Street in Greenpoint, Brooklyn. Developed by Brookfield Property Partners and Park Tower Group and designed by OMA and Beyer Blinder Belle, the 30- and 40-story superstructures yield a total of 745 rental units. Available on NYC Housing Connect are 224 units for residents at 80 to 130 percent of the area median income (AMI), ranging in eligible income from $51,840 to $206,875.

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Excavation Continues for Kohn Pedersen Fox’s 520 Fifth Avenue Supertall in Midtown, Manhattan

Excavation continues at 520 Fifth Avenue, the site of a 76-story mixed-use supertall in Midtown, Manhattan. Designed by Kohn Pedersen Fox for Rabina, which took over as the lead developer in 2019 from Ceruzzi Properties and SMI USA, the slender 995-foot-tall skyscraper will yield 507,608 square feet with 98 residential units, commercial space, and four cellar levels. Suffolk Construction is the general contractor for the property, which is located at the corner of Fifth Avenue and West 43rd Street.

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Construction Set to Begin at 45-19 Davis Street in Long Island City, Queens

Excavation is set to begin at 45-19 Davis Street, the site of a 21-story residential building in Long Island City, Queens. Designed by Jon Yung of MY Architect PC and developed by Tom Wu under Davis Street Development LLC, the 229-foot-tall structure will yield 62,001 square feet with 82 units averaging 750 square feet apiece and 489 square feet of commercial space. Warner Construction is the general contractor for the property, which is located on an interior plot bound by Davis Street to the southwest, Pearson Street to the northeast, and Jackson Avenue to the northwest.

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Construction Breaks Ground at 126 East 57th Street in Midtown East, Manhattan

Excavation has begun at 126 East 57th Street, site of a 28-story residential tower on Billionaires’ Row in Midtown East, Manhattan. Designed by ODA Architecture and developed by MRR Development, the 346-foot-tall structure will yield 208,000 square feet with 147 condominium units spread across 170,000 square feet, as well as lower-level commercial space. WSP USA is the engineer, Urban Atelier Group is the construction manager, and Plaza Buildings is the general contractor of the property, which is located at the corner of East 57th Street and Lexington Avenue.

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