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595 Dean Street Readies for Vertical Progress in Prospect Heights, Brooklyn

8:00 am on July 10, 2021 By Michael Young

Construction is set to go vertical at 595 Dean Street, the site of a two-building development in the Pacific Park complex in Prospect Heights, Brooklyn. Designed by Handel Architects and developed by TF Cornerstone, the project will yield a total of 800 residential units, 72,600 square feet of public open space, ground-floor retail, 455 underground parking spaces, and a Chelsea Piers Field House, the first in Brooklyn. The site is bound by Pacific Street to the north, 550 Vanderbilt Avenue to the east, 535 Carlton Apartments to the west, and Dean Street to the south.

Previous rendering of 840 Atlantic Avenue - IMC Architecture; Vanderbilt Atlantic Holdings, LLC

Borough President Eric Adams Rejects Proposals for 840 Atlantic Avenue in Prospect Heights, Brooklyn

7:30 am on July 9, 2021 By Sebastian Morris

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.

451 Tenth Avenue Tops Out Over Hudson Yards, Manhattan

8:00 am on July 8, 2021 By Michael Young

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.

Rendering of residential entryway at 35 Commercial Street - Handel Architects

Developers Secure $170M in Construction Financing for 35 Commercial Street in Greenpoint, Brooklyn

7:30 am on July 8, 2021 By Sebastian Morris

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.

Resilient Edgemere - Photo by Oliver Fiegel, 2017

HPD Opens Request for Proposals to Redevelop the Edgemere Community in the Eastern Rockaways

7:30 am on July 7, 2021 By Sebastian Morris

The Department of Housing Preservation and Development (HPD) is now in search of a development partner to accelerate Resilient Edgemere, a major initiative to reinvigorate the Edgemere section of the Rockaways. The primary objective of the plan is to advance development of mixed-use, residential, and affordable housing properties in the community.

Rendering of 202 East 23rd Street - Hill West Architects

SMA Equities Secures $56M in Construction Financing for 202 East 23rd Street in Kips Bay, Manhattan

7:00 am on July 5, 2021 By Sebastian Morris

SMA Equities recently secured a $56 million financing package to complete a new 20-story mixed-use building in Kips Bay, Manhattan. The project is located at 202 East 23rd Street and will eventually yield a mix of income-restricted and market-rate apartments and around 2,400 square feet of lower-level retail.

542 Atlantic Avenue Nears Topping Out in Boerum Hill, Brooklyn

7:30 am on July 4, 2021 By Michael Young

Construction is approaching topping out on 542 Atlantic Avenue, an 11-story residential building in Boerum Hill, Brooklyn. Alternately addressed as 533 Pacific Street, the 90,000-square-foot project is designed by Issac & Stern Architects and developed by Sterling Town Equities, which purchased the property in 2019 for $28 million, and will yield 43 condominiums and two four-story townhouses. The development is rising on a through-block parcel between Third Avenue to the west, Pacific Street to the south, and Fourth Avenue to the east, and is a short walk from Barclays Center and Downtown Brooklyn.

Developers Close on $223M Financing Package for Sendero Verde Phase Two in East Harlem

7:00 am on July 4, 2021 By Sebastian Morris

Jonathan Rose Companies, L+M Development Partners, and Acacia Network recently closed on a $223 million financing package to complete the second and final phase of Sendero Verde. The complex is located on Madison Avenue between East 111th and East 112th Streets in East Harlem and spans a full city block.

Plank Road’s Façade Nears Completion at 662 Pacific Street in Prospect Heights, Brooklyn

8:00 am on July 3, 2021 By Michael Young

Exterior work is nearing completion on Plank Road, a 27-story residential building at 662 Pacific Street in Prospect Heights, Brooklyn. Formerly addressed as 37 Sixth Avenue, 495 Dean Street, and 664 Pacific Street, the 209,451-square-foot structure is designed by Marvel Architects and developed by The Brodsky Organization and will bring 312 rental units to the Pacific Park complex. The rectangular parcel is located between Dean and Pacific Streets.

Exterior view of Eleven Hancock - Photo Credit Katherine Marks

Exterior Work Wraps Up on Eleven Hancock at 11 Hancock Place in South Harlem, Manhattan

7:30 am on July 3, 2021 By Sebastian Morris

Exterior work is complete on Eleven Hancock, a 12-story condominium building at 11 Hancock Place in South Harlem, Manhattan. Designed by Issac & Stern Architects for Norto Development, the property yields 71 units ranging from studio to four-bedroom layouts, as well as three floors of retail space on the lower levels.

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