A new rendering has been revealed for 650 Washington Avenue, a seven-story residential building on the border of Prospect Heights and Crown Heights, Brooklyn. Designed by ARC Architecture + Design Studio and developed by Decatur Partners LLC, the structure will yield an undisclosed number of either rental or condominium units. The site is located mid-block between Bergen and Dean Streets.
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The Westbury Village Board of Trustees has unanimously approved plans for a new five-story mixed-use residential development in Westbury, Long Island. Developed by Gotham Organization, the complex will yield 184 apartments, with 10 percent dedicated to affordable housing. The project will also include more than 15,000 square feet of ground-floor retail space, 254 parking spaces, and a public plaza. The 1.92-acre property is bounded by Railroad and Post Avenues and is located directly next to the Westbury Long Island Rail Road station.
Financing has been arranged for a two-property industrial portfolio in Maspeth, Queens. Lake Forest Bank & Trust Company, N.A. supplied the $50.15 million in debt, which JLL’s Capital Markets group arranged on behalf of Sitex Group and a diversified global investment management firm. The financing comprises a $39.4 million loan for 58-80 Borden Avenue and a $10.75 million loan for 54-12 48th Street. The portfolio spans a combined 182,511 square feet of land and is 100 percent leased, with both properties positioned near the Long Island Expressway and the Brooklyn-Queens Expressway.
Permits have been filed for a three-story residential building at 1848 Muliner Avenue in Van Nest, The Bronx. Located between Rhinelander Avenue and Morris Park Avenue, the lot is closest to the Bronx Park East subway station, served by the 2 and 5 trains. Alfons Tinaj of A&T Construction Group Inc. is listed as the owner behind the applications.
New renderings have been revealed for Fordham Landing South, a four-tower mixed-use residential complex at 330 and 360 West Fordham Road in University Heights, The Bronx. Designed by Perkins Eastman and developed under the DS Fordham Landing 1 LLC, the development will consist of a 33-story structure and three 18-story towers rising from a shared podium, and will yield a total of 927 affordable housing units. The project will also include 12,500 square feet of community facility space, on-site parking, a cafe, and supermarket. The property is located on the eastern bank of the Harlem River at the intersection of Exterior Street and West Fordham Road, which connects to the University Heights Bridge.
