L+M Development Partners, Type A Projects, BronxWorks, and the City of New York have closed on $349 million financing package to complete phase one of Bronx Point, a new mixed-use affordable housing complex in the South Bronx. As a public-private partnership, the financing entities include the New York City Department of Housing Preservation and Development, the New York City Housing Development Corporation, Empire State Development, Wells Fargo, and additional private funding sources.
Permits have been filed for an 11-story mixed-use building at 815 Broadway in Greenwich Village, Manhattan. Located between East 11th and East 12th Streets, the interior lot is two blocks south of the 14th Street-Union Square subway station, serviced by the 4, 5, 6, L, N, Q, R, and W trains. Magnum Real Estate Group is listed as the owner behind the applications.
Permits have been filed for a nine-story mixed-use building at 87 West 169th Street in Highbridge, The Bronx. Located between Shakespeare Avenue and Nelson Avenue, the interior lot is near the 170th Street subway station, serviced by the 4 train. The Department of Housing Preservation and Development is listed as the owner behind the applications.
Exterior work is getting closer to completion on 111 West 57th Street, a 1,428-foot-tall residential supertall on Billionaires’ Row and number two on our countdown of the tallest projects under construction in the city. Designed by SHoP Architects and developed by JDS Development, Property Markets Group, and Spruce Capital Partners, the 60-unit Midtown skyscraper stands as the world’s most slender structure with a height-to-width ratio of 24:1.
VonDalwig Architecture has successfully petitioned the Landmarks Preservation Commission to permit the construction of a single-story penthouse expansion at 405 Vanderbilt Avenue in Clinton Hill, Brooklyn. Following feedback from the commissioners in the fall, the design team reduced the peak height of the volume’s sloped roof by almost two feet, selected a lighter-colored zinc façade, and raised the existing parapet and chimneys by three rows of brick.