Brooklyn Borough President Eric Adams rejected proposals to rezone a large assemblage of lots that would have supported a new 18-story mixed-use property in Prospect Heights. The proposed development site is located at 840 Atlantic Avenue and was projected to yield 300 rental apartments including up to 95 affordable housing units, 51,000 square feet of lower-level retail, and a 7,490-square-foot dance studio.
Permits have been filed for an 11-story mixed-use building at 487 4th Avenue in Park Slope, Brooklyn. Located at the intersection of 12th Street and 4th Avenue, the corner lot is a short walk to the 4th Avenue-9th Street subway station, serviced by the F, G, and R trains. Procida Companies under the 487 4th Avenue Managers LLC is listed as the owner behind the applications.
Construction has topped out on 451 Tenth Avenue, a 587-foot-tall residential skyscraper in Hudson Yards. Designed by Handel Architects and developed by Related Companies, the 45-story project stands on an L-shaped plot at the corner of Tenth Avenue and West 35th Street.
Greenpoint‘s latest affordable housing property will soon take shape at 35 Commercial Street following the acquisition of $170 million in construction financing. The forthcoming property is located within the Greenpoint Landing mega-complex in north Brooklyn and will eventually introduce 374 affordable housing units to the neighborhood.
The New York City Council recently voted to approve rezoning as part of the Uniform Land Use Review Procedure (ULURP) process for 30-02 Newtown Avenue in Astoria, Queens. Originally zoned R7A, the property has since been up zoned to R8A with a 7.2 floor area ratio. Lynest Associates LLC is listed as the owner with Nexjen Real Estate as the representative in the ULURP process.