L+M Development Partners, Type A Projects, and MSquared recently closed on $42 million in construction financing to complete a 78-unit affordable housing project in Newark, New Jersey. The property will occupy a portion of an existing residential complex at 250 Georgia King Village in the city’s Fairmount neighborhood.
Permits have been filed for a nine-story mixed-use building at 953 Dean Street in Crown Heights, Brooklyn. Located between Classon Avenue and Franklin Avenue, the lot is near the Franklin Avenue subway station, serviced by the A and C trains. Solomon Schwimmer of Twin Group Associates Inc. is listed as the owner behind the applications.
Permits have been filed for a 15-story mixed-use building with affordable housing at 2005 Third Avenue in East Harlem, Manhattan. Located at the intersection of East 110th Street and Third Avenue, the corner lot is one block east of the 110th Street subway station on Lexington Avenue, serviced by the 6 train. Elie Fouerti is listed as the owner behind the applications.
New York development firm Rabina has closed on a $540 million construction package to complete a new supertall tower at 520 Fifth Avenue. Designed by Kohn Pedersen Fox, the structure will top out at 1,000 feet and contain a collection of condominiums and associated amenity spaces, boutique office space, a ground-floor retail component, and public recreation space.
Permits have been filed for an eight-story mixed-use building at 282 West 132nd Street in Harlem, Manhattan. Located between West 132nd Street and Frederick Douglass Boulevard, the corner lot is within walking distance of the 135th Street subway station, serviced by the A, B, and C trains. Michel Perle is listed as the owner behind the applications.
