The affordable housing lottery has launched for The Axel, a 29-story residential building at 550 Clinton Avenue in Clinton Hill, Brooklyn. Designed by Morris Adjmi Architects and developed by Hope Street Capital, the structure yields 284 residences. Available on NYC Housing Connect are six units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $48,206 to $198,250.
EJS Group, in partnership with Hope Street Capital, have successfully closed on a $108.15 million construction financing package for their upcoming residential development at 12 Halsey Street in Bedford-Stuyvesant, Brooklyn. This project, also referred to as 1215 Fulton Street, is part of the Affordable New York Program and comprises three buildings with approximately 240 rental units, with 30 percent allocated as affordable housing.
The affordable housing lottery has launched for 539 Vanderbilt Avenue, a 29-story residential tower at 550 Clinton Avenue in Clinton Hill, Brooklyn. Designed by Morris Adjmi Architects and developed by Hope Street Capital, the structure yields 284 apartments and about 60,000 square feet of retail space. Available on NYC Housing Connect are 80 units for residents at 70 to 130 percent of the area median income (AMI), ranging in eligible income from $48,206 to $215,150.
Hope Street Capital has closed on a $55 million construction loan to finance the completion of a new seven-story residential building in Crown Heights, Brooklyn. The property is located at 959 Sterling Place on a property formerly owned by the Hebron Seventh Day Adventist School, a New York City landmark completed in 1889.
Updated renderings from Morris Adjmi Architects reveal scaled-back designs for a residential expansion at 959 Sterling Place in Crown Heights, Brooklyn. The building sits immediately in front of the Hebron Seventh Day Adventist School, originally completed in 1889 and designated a New York City landmark in 2011. Submitted design changes are a direct response to comments from the Landmarks Preservation Commission (LPC) following initial presentations in October 2020.
