The Hudson Companies has partnered with two of New York City’s largest municipal pension funds to build new work force housing in the five boroughs and Nassau, Suffolk, Westchester, Putnam, Orange, and Rockland counties. In collaboration with the New York City Employees’ Retirement System, and the Teachers’ Retirement System of the City of New York, the investment is valued at $250 million.
The affordable housing lottery has launched for 25-49 38th Street, a four-story residential building in Astoria, Queens. Available on NYC Housing Connect are seven units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $83,418 to $167,570.
Exterior work is continuing to progress on The Willoughby, a 34-story mixed-use building at 196 Willoughby Street on Long Island University‘s Brooklyn campus in Downtown Brooklyn. Designed by Perkins Eastman and developed by RXR Realty, the 435-foot-tall structure is also alternately addressed as 61 DeKalb Avenue and will bring a mix of residential units, academic and office spaces, a new adjacent athletic field, and parking for 564 vehicles. The Willoughby is bound by Willoughby Street to the north, Ashland Place to the east, DeKalb Avenue to the south, and Flatbush Avenue Extension to the west.
Plans to construct a single-family townhouse at 56 Middagh Street in the Brooklyn Heights Historic District have finally been approved by the Landmarks Preservation Commission (LPC). The LPC rejected the plans in January and December 2020, then approved the architectural plans on May 18, 2021.
Full demolition permits have been filed for 429, 433, and 437 Second Avenue in Kips Bay, Manhattan. A single building with 160 feet of frontage encompasses the three adjacent lots on the southwest corner of Second Avenue and East 25th Street.
