Leasing has begun for 85 Jay Street, a 1.1-million-square-foot residential development in DUMBO, Brooklyn. Designed by Morris Adjmi Architects, the project consists of a pair of 21-story buildings that rise from a multi-level podium with multiple retail spaces. The residential component comprises Front & York, a collection of 408 condominiums from CIM Group and LIVWRK, and Magnolia DUMBO, a slate of 320 rental units from RXR Realty with marketing led by Douglas Elliman Development Marketing Group. New Line Structures is the general contractor for the property, which occupies a full-block parcel bound by Front Street to the north, York Street to the south, Bridge Street to the east, and Jay Street to the west.
Construction is nearing completion on 434-446 Clinton Avenue, a row of seven low-rise townhouses in Clinton Hill, Brooklyn. Designed by Marvel Architects and developed by The Loketch Group, the properties will yield around 4,000 square feet apiece and also include private parking. R&S Contracting NY Inc. is the general contractor for the project, which is located between Gates and Greene Avenues.
Loketch Group, the Joyland Group, and Meral Property Group have formed a joint venture to begin a new mixed-use project at 555 Broadway in Brooklyn. The address represents a large, wedge-shaped assemblage on the border of South Williamsburg and Broadway Triangle.
The affordable housing lottery has launched for 1543 Jesup Avenue, a five-story residential building in Mount Eden, The Bronx. Designed by ADB Associates and developed by Lefko Capital Group, the structure yields 21 residences. Available on NYC Housing Connect are seven units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $59,143 to $167,570.
Construction is finishing up on The Nevins Street Apartments, a residential building at 50 Nevins Street in Downtown Brooklyn. Designed by Dattner Architects and developed by Institute for Community Living (ICL), the project involved the gut renovation of a 95-year-old eight-story building and the construction of a ten-story volume along Schermerhorn Street that extends over the northeast corner of the original structure’s roof. The 114,000-square-foot property will yield 129 affordable apartments as well as mental health support services for low-income residents. Mega Contracting Group LLC is the general contractor and King Contracting Group built the masonry walls for the addition, which is located at the corner of Nevins and Schermerhorn Streets.