Permits have been filed to expand a two-story structure into a four-story residential building at 1180 Park Place in Crown Heights, Brooklyn. Located between Troy Avenue and Albany Avenue, the lot is near the Crown Heights-Utica Avenue subway station, serviced by the 4 train. Reuven Kaminetzky is listed as the owner behind the applications.
Developer The Domain Companies announced today the closing of $218.6 million in financing for Estela, a two-building development in Mott Haven, The Bronx. The 11-story buildings at 414 and 445 Gerard Avenue yield 544 market-rate and affordable housing units and 10,000 square feet of ground-floor retail space. Freddie Mac’s Forward Commitment program provided long-term permanent financing through JLL Real Estate Capital. The Urban Investment Group at Goldman Sachs Alternatives led the Opportunity Zone equity financing for the mixed-income, mixed-use project.
The affordable housing lottery has launched for 2017 Grand Concourse, a nine-story residential building in Read More
The 12-story residential building known as Hendrix House at 250 East 25th Street in Kips Bay, Manhattan recently revealed it’s completed facade after topping off last August. Developed by New Empire Corp. and designed by DXA Studio, the 44,571-square-foot structure at the corner of Second Avenue and East 25th Street yields 60 condominium units. CORE Real Estate is handling sales and marketing, having launched sales in June 2024. Hendrix House has sold 75 percent or 45 units, totaling near $60 million in inventory at $2,133 per square foot.
Work has begun on 2868 Webster Avenue in Bedford Park, The Bronx, the second phase of a two-phase mixed-use development. The 12-story, 250,000-square-foot building will sit adjacent to the New York Botanical Gardens. Developed by Douglaston Development in collaboration with the Jericho Project, components include 277 affordable housing units, 8,000 square feet of ground-floor retail space, on-site social services, and residential amenities.
