Post-rezoning, Hudson Square is bustling with residential redevelopments, with sites like 100 Varick, 100 Vandam, and 565 Broome Street now rising all at once. Another tower will soon join the mix, as Eastern Consolidated has now secured a $215 million construction loan for 537 Greenwich Street, which will be developed by Cape Advisors and Strategic Real Estate LLC.
Yesterday, the New York City Planning Commission unanimously approved a new affordable housing development for 3 Livonia Avenue, in Brownsville. This will be the fifth project in Brooklyn by the non-profit partnership of Breaking Ground and The African American Planning Commission Inc. The development, named Edwin’s Place, will create 125 rental units for homeless and low-income families, and comes as part of the Mayor’s housing initiative to build 80,000 new, affordable units over a span of ten years.
An anonymous corporation has filed permits for a new six-story residential building in East Flatbush, at 1622 New York Avenue. The location is just four blocks away from the Flatbush Avenue Station, which is the end of the line for the 2 and 5 trains. The stop is central to a busy retail area next to the Brooklyn College campus.
Only a few blocks away from the Queens Village LIRR station, and roughly an hour-long commute from Manhattan, permits have been filed for a large four-story commercial building at 222-25 Jamaica Avenue. The Queens neighborhood is famous for small picket-fence yards, so the new development will be a substantial change of pace.
The piecemeal redevelopment of the Brooklyn waterfront has taken another substantial step forward, as Two Trees’ new building at 325 Kent Avenue is now complete. The 16-story building was designed by SHoP Architects, and is the first phase of the Domino redevelopment on the Williamsburg waterfront to begin construction and open its doors.