Brooklyn

Rendering of 975 Nostrand Avenue, by ODA Architecture

Developer Secures Financing for 975 Nostrand Avenue in Crown Heights, Brooklyn

7:00 am on March 26, 2024 By Max Gillespie

The Hudson Companies has secured $135 million in financing for 975 Nostrand Avenue, a nine-story mixed-use building in Crown Heights, Brooklyn. Designed by ODA Architecture, the structure is planned to yield 328 residential units, with 30 percent reserved for affordable housing, as well as a ground-floor grocery store and community facility. The property is located by the intersection of Nostrand Avenue and Sullivan Place, and is currently occupied by a one-story supermarket.

Rendering of Bergen, courtesy of DARCSTUDIO

Renderings Revealed for 323 Bergen Street in Boerum Hill, Brooklyn

7:30 am on March 22, 2024 By Max Gillespie

New renderings have been revealed for Bergen, a seven-story residential project under construction at 323 Bergen Street in Boerum Hill, Brooklyn. Developed by Avdoo & Partners Development with GF55 architects as the executive architect and Frida Escobedo as the design architect, Workstead as the interior designer, DXA Studio as the master planer, and Patrick Cullina as the landscape designer, the 209,000-square-foot structure will yield 105 condominium units. The project was formerly addressed as 311-341 Bergen Street and is located along Bergen Street between 3rd and 4th Avenues.

Permits Filed for 763 Thomas S Boyland Street in Brownsville, Brooklyn

6:30 am on March 22, 2024 By Vanessa Londono

Permits have been filed for an eight-story mixed-use building at 763 Thomas S Boyland Street in Brownsville, Brooklyn. Located between Livonia Avenue and Riverdale Avenue, the lot is near the Rockaway Avenue subway station, serviced by the 3 train. David Dishy of LMXD, the L+M-affiliated development and investment company, is listed as the owner behind the applications.

Permits Filed for a 47-Story Tower at 205 Montague Street in Brooklyn Heights

7:00 am on March 21, 2024 By Vanessa Londono

Permits have been filed for a 47-story mixed-use tower at 205 Montague Street in Brooklyn Heights. Located at the northwest corner of Cadman Plaza West and Montague Street, the lot is steps from the Borough Hall subway station, serviced by the 2 and 3 trains and the Court Street station, serviced by the R train. Jonathan Landau of Landau Development Corp. is listed as the owner behind the applications.

Housing Lottery Launches for 33 Franklin Street in Greenpoint, Brooklyn

6:30 am on March 21, 2024 By Vanessa Londono

The affordable housing lottery has launched for 33 Franklin Street, a seven-story mixed-use building in Greenpoint, Brooklyn. Designed by StudiosC and developed by Yidel Hirsch, the structure yields 80 residences, ground-floor retail, and a garage with 32 parking spaces. Available on NYC Housing Connect are 24 units for residents at 80 to 130 percent of the area median income (AMI), ranging in eligible income from $55,680 to $165,230.

Permits Filed for 624 New York Avenue in Prospect Lefferts Gardens, Brooklyn

6:30 am on March 18, 2024 By Vanessa Londono

Permits have been filed for a six-story mixed-use building at 624 New York Avenue in Prospect Lefferts Gardens, Brooklyn. Located between Fenimore Street and Rutland Road, the lot is near the Winthrop Street subway station, serviced by the 2 and 5 trains. Nigel Boyden is listed as the owner behind the applications.

Existing Sears facility, via Google Maps

Construction Loan Secured For 2366 Bedford Avenue in Flatbush, Brooklyn

7:30 am on March 15, 2024 By Max Gillespie

A $140 million construction loan has been issued for a new seven-story residential development located at 2366 Bedford Avenue in Flatbush, Brooklyn. The loan was issued by SCALE Lending to Clipper Equity, the project’s developer. It marks a continuation of SCALE Lending’s aggressive financing strategy and pushes its 2024 transaction volume to over $400 million in loans provided.

Rendering of 737 4th Avenue, courtesy of Marino PR

Construction Financing Secured For 737 4th Avenue In Sunset Park, Brooklyn

7:30 am on March 14, 2024 By Max Gillespie

BEB Capital and Totem, in partnership with Ofer Cohen and SK Development, have secured financing for a new residential development at 737 4th Avenue in Sunset Park, Brooklyn. The structure will yield 187 residential units with 46 designated as permanently affordable homes with a target average price of 48 percent of the area median income, as well as a ground-level retail space. Walker & Dunlop facilitated the $143 million loan for the 193,000-square-foot, 14-story project.

Permits Filed for 157 Leonard Street in East Williamsburg, Brooklyn

6:30 am on March 14, 2024 By Vanessa Londono

Permits have been filed for a four-story residential building at 157 Leonard Street in East Williamsburg, Brooklyn. Located between Stagg Street and Scholes Street, the lot is closest to the Broadway subway station, serviced by the G train and the Montrose Avenue station, serviced by the L train. Hershy Silberstein of Blue Shone Builders Inc. is listed as the owner behind the applications.

Foundations Underway at 1034-1042 Atlantic Avenue in Crown Heights, Brooklyn

8:00 am on March 13, 2024 By Michael Young and Matt Pruznick

Foundation work is moving along at 1034-1042 Atlantic Avenue, the site of a 17-story residential building in Crown Heights, Brooklyn. Designed by Archimaera Architecture and developed by Elie Pariente of EMP Capital Group, the 175-foot-tall structure will span 172,789 square feet and yield 193 rental units with an average scope of 828 square feet, as well as 12,980 square feet of commercial space, a cellar level, a 62-foot-long rear yard, 20 enclosed parking spaces, and one loading berth. Countrywide Builders is the general contractor for the property, which is located on an interior lot between Atlantic Avenue and Pacific Street and Classon and Grand Avenues.

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