Rabsky Group recently closed on $450 million in construction financing to complete 625 Fulton Street, a mixed-use high rise building in Downtown Brooklyn. Financing is provided by Madison Realty Capital and was negotiated by Galaxy Capital.
The affordable housing lottery has launched for 321 Wythe Avenue, a 19-story mixed-use building in Williamsburg, Brooklyn. Designed by ND Architecture and Design and developed by Watermark Capital Group, the structure yields 134,995 square feet with 130 residences and 5,218 square feet of medical offices. Available on NYC Housing Connect are 39 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $68,538 to $167,570.
A trio of new renderings from INOA Architecture offer a first look at 500 Flatbush Avenue, a new seven-story mixed-use building in East Flatbush, Brooklyn. The corner lot previously sat vacant for years until local developer Daniel Halevy purchased the property under 510 Kingston Partners LLC.
Today’s housing lottery round-up features five buildings in Queens and Brooklyn with available affordable units on Housing Connect with deadlines closing within the next seven days.
Construction is going vertical on Waterview at Greenpoint, a two-tower residential development along Newtown Creek on the Greenpoint, Brooklyn waterfront. Designed by CetraRuddy and developed by Clipper Equity, the 811,000-square-foot project consists of the 30-story, 222-unit 77 Commercial Street and the 40-story, 298-unit 87 Commercial Street, which will rise from a shared seven-story podium. Of the 720 units, 200 are slated as affordable. A 300-car parking garage will also sit below grade. Waterview at Greenpoint is rising at the confluence of Commercial and Box Streets on a plot that once housed a two-story, 95,000-square-foot warehouse. Ray Builders Inc. is the general contractor,Hatfield Group is serving as the facade consultants, and WSP is the structural engineer.
