Residential

Excavation Progresses at 65 Franklin Street in Tribeca, Manhattan

Excavation is progressing at 65 Franklin Street, the site of a 19-story residential building in Tribeca. Designed by CetraRuddy Architecture, the 210-foot-tall structure will yield 41 homes and ground-floor retail space. The project is being developed by HAP Investment Developers, which secured $94 million in construction financing from G4 Capital Partners in the spring of 2019. The site is located at the corner of Broadway and Franklin Streets, and was formerly occupied by several low-rise structures. Noble Construction Group is the general contractor for the property.

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200 Montague Street’s Superstructure Rises Above Street Level in Borough Hall, Brooklyn

Construction is rising on 192 Montague Street, a 20-story residential building in the Borough Hall Skyscraper Historic District of Brooklyn Heights. The 140,700-square-foot structure is designed by Beyer Blinder Belle with James M. Patterson of Ancora Engineering listed as the applicant of record, and developed by Midtown Equities, which purchased the 10,000-square-foot site for $25 million from HSBC Bank.

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1 Boerum Place Apartments. All images courtesy of NYC Housing Connect

Affordable Housing Lottery Launches for One Boerum Place in Downtown Brooklyn

The affordable housing lottery has launched for One Boerum Place, a 21-story mixed-use building in Downtown Brooklyn. The development is designed by SLCE Architects and is being developed by Avery Hall Investments, Allegra Holdings, and Aria Development Group. Available on NYC Housing Connect are 42 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $68,572 to $167,570.

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