Rabsky Group recently closed on $450 million in construction financing to complete 625 Fulton Street, a mixed-use high rise building in Downtown Brooklyn. Financing is provided by Madison Realty Capital and was negotiated by Galaxy Capital.
Foundation work has begun at 1841 Broadway, site of a 24-story residential building on Manhattan’s Upper West Side. Designed by SLCE Architects and developed by Global Holdings Management Group, the 281-foot-tall building will yield 181,319 square feet and 173 units as well as 11,741 square feet of commercial space. Pavarini McGovern, LLC is the general contractor for the project, which will rise at the corner of Broadway and West 60th Street, just north of Columbus Circle and the southwestern corner of Central Park.
The affordable housing lottery has launched for 321 Wythe Avenue, a 19-story mixed-use building in Williamsburg, Brooklyn. Designed by ND Architecture and Design and developed by Watermark Capital Group, the structure yields 134,995 square feet with 130 residences and 5,218 square feet of medical offices. Available on NYC Housing Connect are 39 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $68,538 to $167,570.
Façade work is getting closer to completion on 115 East 55th Street, an 18-story residential building in Midtown East. Designed by SLCE Architects for Zeckendorf Development, the 185-foot-tall structure will yield 71,961 square feet and 62 units. The property is located between Lexington and Park Avenues, directly adjacent to Norman Foster‘s 47-story office skyscraper at 425 Park Avenue.
A trio of new renderings from INOA Architecture offer a first look at 500 Flatbush Avenue, a new seven-story mixed-use building in East Flatbush, Brooklyn. The corner lot previously sat vacant for years until local developer Daniel Halevy purchased the property under 510 Kingston Partners LLC.