Construction is now complete on The Fountains, a six-building affordable housing complex in East New York, Brooklyn. Developed by Long Island-based Arker Companies, which purchased the site for $10 million following a competitive request for proposal process facilitated by the Empire State Development Corporation, the development yields 1,163 affordable homes, commercial space, and a new public plaza.
The New York City Department of Housing Preservation and Development (HPD) has completed its latest affordable homeownership program in Brooklyn. Known as the Blake Hendrix project, the initiative introduces 30 new residential properties scattered across 13 different sites in East New York.
Permits have been filed for a six-story residential building at 11655 Seaview Avenue in East New York, Brooklyn. Located at the intersection of Seaview Avenue and Fountain Avenue, the corner lot is closest to the New Lots Avenue subway station, serviced by the 2, 3, and 4 trains. Apex Building Group under the VBK C3 Owner LLC is listed as the owner behind the applications.
Permits have been filed for a 15-story mixed-use building at 888 Fountain Avenue in East New York, Brooklyn. Located at the intersection of Seaview Avenue and Fountain Avenue, the corner lot is closest to the New Lots Avenue subway station, serviced by the 2, 3, and 4 trains. David Dishy of L+M Development Partners under the VBK C1 OWNER LLC is listed as the owner behind the applications.
Non-profit housing developer Phipps Houses closed on $217 million in construction financing for the first phase of Atlantic Chestnut, a massive three-phase development in Brooklyn. When completed, Atlantic Chestnut will bring 1,200 affordable housing units to the East New York neighborhood under the 2016 East New York Rezoning. With Dattner Architects handling design, the Atlantic Chestnut development will consist of three mid-rise apartment buildings featuring affordable apartments, 60,000 square feet of commercial and community facility space, attended parking for 200 cars, and residential amenities comprising of a gym, children’s playroom, a lounge, a party room, and landscaped courtyards and roof deck. The project is being built by Monadnock Construction.
