Work continues to wrap up on 425 Park Avenue, a 47-story commercial skyscraper in Midtown East. Designed by Norman Foster of Foster + Partners for L&L Holding Company, Tokyu Land Corporation, and co-managing partner BentallGreenOak, the 897-foot-tall structure will yield 667,000 square feet of office space and a ground-floor restaurant run by world-renowned Chef Daniel Humm, proprietor of the three Michelin-starred Eleven Madison Park.
L+M Development Partners, Type A Projects, and MSquared recently closed on $42 million in construction financing to complete a 78-unit affordable housing project in Newark, New Jersey. The property will occupy a portion of an existing residential complex at 250 Georgia King Village in the city’s Fairmount neighborhood.
Permits have been filed for a nine-story mixed-use building at 953 Dean Street in Crown Heights, Brooklyn. Located between Classon Avenue and Franklin Avenue, the lot is near the Franklin Avenue subway station, serviced by the A and C trains. Solomon Schwimmer of Twin Group Associates Inc. is listed as the owner behind the applications.
The affordable housing lottery has launched for The Clark, an eight-story residential building at 310 Clarkson Avenue in Prospect Lefferts Gardens, Brooklyn. Designed by Jonathan Kirschenfeld Architect and developed by Hudson Companies, the structure yields 170 residences. Available on NYC Housing Connect are seven units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $52,286 to $192,400.
Affordable studios and one-bedrooms at 810 Fulton Street are now available via the NYC Housing Connect lottery. The 12-story affordable housing development is located in Clinton Hill, Brooklyn and is alternately addressed as 475 Clermont Avenue.
