Residential

New Renderings Released For 625 Fulton Street in Downtown Brooklyn

New renderings have been released for 625 Fulton Street, a 35-story mixed-use skyscraper that currently stands topped out in Downtown Brooklyn. Designed by Fischer Rasmussen Whitefield Architects and developed by Rabsky Group with $450 million in construction financing from Madison Realty Capital, the 500-foot-tall structure will yield 1,098 rental units, 26,000 square feet of retail space on the lower levels, and an on-site parking garage for 250 vehicles. Galaxy Developers is the general contractor for the property, which is alternately addressed as 485 Hudson Avenue and bound by the 34-story 80 DeKalb Avenue to the north, Fulton Street to the south, Rockwell Place to the east, and Hudson Avenue to the west.

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Arris Grand, courtesy of Fogarty Finger

SCALE Lending Finalizes $46 Million Bridge Loan for Arris Grand in Clinton Hill, Brooklyn

SCALE Lending, the debt financing division of Slate Property Group, has finalized a $46 million bridge loan for Arris Grand, a recently completed nine-story residential building at 982-998 Fulton Street in Clinton Hill, Brooklyn. The loan will be utilized to pay off the existing construction loan and support the lease-up phase of the multifamily building.

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16 Dupont Street Tops Out Over Greenpoint, Brooklyn

Construction has topped out on 16 Dupont Street, a 40-story residential tower in Greenpoint, Brooklyn‘s 22-acre Greenpoint Landing master plan. Designed by GKV Architects and developed by Rockefeller Group and Park Tower Group, the 400-foot-tall structure will span 365,651 square feet and yield 381 rental units, with 115 reserved for affordable housing, as well as 2,548 square feet of ground-floor retail space and 138 enclosed parking spaces. Monadnock Construction is the general contractor for the property, which is located at the intersection of Dupont, West, and Commercial Streets.

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Permits Filed for 1009 Decatur Street in Bushwick, Brooklyn

Permits have been filed for a five-story residential building at 1009 Decatur Street in Bushwick, Brooklyn. Located between Broadway and Bushwick Avenue, the lot is near the Chauncey Street subway station, serviced by the J and Z trains and Wilson Avenue, serviced by the L train. Chiem Sachs of Firerush LLC is listed as the owner behind the applications.

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1491-1493 First Avenue Rises Above Street Level on Manhattan’s Upper East Side

Construction is rising on 1491-1493 First Avenue, a 35-story residential building on Manhattan’s Upper East Side. Designed by Hill West Architects and developed by Carmel Partners, which purchased the property from Robert Chou for $73.5 million in early 2022, the 404-foot-tall structure will yield 206 condominium units, 7,120 square feet of ground-floor retail space, and a cellar level. CP VII 78th Street Owner is the owner and Carmel Construction East is the general contractor for the project, which is located at the southwestern corner of First Avenue and East 78th Street.

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