Excavation work has begun at 625 Fulton Street, site of a proposed 941-foot tall, 79-story mixed-use skyscraper in Downtown Brooklyn. Designed by Skidmore Owings & Merrill and developed by Rabsky Group, which purchased the site for $158 million, the 1.8-million-square-foot project is planned to yield a mix of offices, residential units, retail space, an elementary school, and a public plaza. The property is located between Fulton Street to the south, Hudson Avenue to the west, DeKalb Avenue to the north, and Rockwell Place to the east.
Façade installation is continuing on 249 East 50th Street, a 15-story residential building in the Midtown East neighborhood of Turtle Bay. Designed by Issac & Stern Architects and developed by Tun Kyaw, the 151-foot-tall structure will yield 29 condominium units spread across 50,000 square feet, for an average of 1,700 square feet each. 249 East 50th Street is located near the corner of East 50th Street and Second Avenue.
Construction is nearing completion on RIVET 26, a new rental building at 26 University Place in Jersey City. Designed by Netta Architects, the property offers 199 residences and is the latest component of the University Place masterplan community near the western edge of the city.
The affordable housing lottery has launched for 336-338 East 28th Street, a four-story residential building in Flatbush, Brooklyn. The development yields six residences and is designed by S. Wieder Architect. Available on NYC Housing Connect are two units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $63,429 to $139,620.
Construction has passed the halfway mark on Olympia, a 26-story mixed-use residential building at 30 Front Street in DUMBO, Brooklyn. Developed by Fortis Property Group and designed by Hill West Architects with Workstead handling interiors, the 270-foot-tall structure will yield 76 condominium units. A new teaser site has also been revealed for the property, which is bound by Front Street to the north, Washington Street to the east, and York Street to the south.