Excavation and Demolition Underway at 729-739 Second Avenue in Murray Hill, Manhattan

Excavation is underway at 729 Second Avenue, the site of a 20-story residential building in Murray Hill, Manhattan. Designed by CetraRuddy and developed by Brause Realty, the 237-foot-tall structure will yield 120,000 square feet with 157 units and 4,600 square feet of ground-floor retail space. Titan Industrial SVC Corp and Alba Services Inc. are the demolition contractors for the property, which is located between East 38th and East 39th Streets.

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Affordable Housing Lottery Launches for 514 Herkimer Street in Bed-Stuy, Brooklyn

The affordable housing lottery has launched for 514 Herkimer Street, an eight-story residential building in Bedford Stuyvesant, Brooklyn. Designed by ARC Architecture + Design Studio and developed by Oren Shalev under the 514 Herkimer LLC, the structure yields 15 residences. Available on NYC Housing Connect are five units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $82,286 to $165,230.

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