Mega Contracting Inc.

Rendering of Euclid Glenmore Apartments, an affordable housing project in Brooklyn, NY

Housing Lottery Launches for Euclid Glenmore Apartments in East New York, Brooklyn

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

The affordable housing lottery has launched for Euclid Glenmore, an eight-story residential building at 437 Euclid Avenue in East New York, Brooklyn. Designed by Urban Architectural Initiatives and developed by The Lantern Organization and Mega Contracting Group, the structure yields 135 residences. Available on NYC Housing Connect are 53 units for residents at 30 to 60 percent of the area median income (AMI), ranging in eligible income from $24,515 to $105,060.

Renderings Reveal Euclid Glenmore Apartments at 437 Euclid Avenue in East New York, Brooklyn

7:30 am on November 4, 2022 By Sebastian Morris

New renderings from Urban Architectural Initiatives are the first to reveal Euclid Glenmore Apartments, an eight-story affordable housing property at 437 Euclid Avenue in East New York, Brooklyn. Designed by The Lantern Organization and Mega Contracting Group, which closed on $11.5 million in construction financing to complete the project, the building will comprise 135 units. A total of 81 units will be reserved for formerly homeless families, and the remainder for households at or below 60 percent area median income (AMI).

Rendering of 88 Throop Avenue - Courtesy of Marvel Architects

Throop Corners Affordable Development Breaks Ground at 88 Throop Avenue in Broadway Triangle, Brooklyn

7:00 am on September 21, 2022 By Sebastian Morris

Construction is now underway at 88 Throop Avenue, the first of five affordable housing developments planned for the Broadway Triangle neighborhood in Brooklyn. Located at the convergence of Williamsburg, Bushwick, and Bedford-Stuyvesant, the 140-unit property will debut as Throop Corners.

Aerial view of 50 Penn at 50 Pennsylvania Avenue - Courtesy of Pennrose and RiseBoro Community Partnership

Developers Compete 50 Penn Affordable Housing Project at 50 Pennsylvania Avenue in East New York, Brooklyn

7:00 am on June 14, 2022 By Sebastian Morris

Developers and city officials recently celebrated the completion of 50 Penn, a 218-unit affordable housing property at 50 Pennsylvania Avenue in East New York, Brooklyn. Developed by Pennrose with design by Dattner Architects, the building’s residential collection includes include 56 studios, 96 one-bedroom, 48 two-bedroom, and 18 three-bedroom apartments.

Affordable Senior Housing Coming to 31-07 31st Street in Astoria, Queens

6:30 am on January 17, 2021 By Vanessa Londono

A new mixed-use development with 100 percent affordable senior housing will be built at 31-07 31st Street in Astoria, Queens. Development team HANAC and Mega Development were chosen by the city’s Department of Housing Preservation and Development to bring 135 affordable senior homes, a community center, and commercial space to the city-owned site. The proposal is part of HPD’s Seniors First initiative, with a goal to serve 30,000 senior households by 2026.

Permits Filed for 437 Euclid Avenue in East New York, Brooklyn

7:00 am on July 18, 2019 By Vanessa Londono

Permits have been filed for an eight-story mixed-use building at 437 Euclid Avenue in East New York, Brooklyn. Located on the corner of Glenmore Avenue and Euclid Avenue, the lot is one block north of the Euclid Avenue subway station, serviced by the A and C trains. Mega Contracting Group is listed as the owner behind the applications. Plans for the project include affordable independent residences for seniors.

City Agencies Announce Affordable Housing Complex at Contentious Broadway Triangle Site in Brooklyn

7:30 am on March 30, 2019 By Sebastian Morris

In a recent announcement, New York City’s Department of Housing Preservation and Development (HPD) and the Housing Development Corporation (HDC) revealed a multi-phase affordable housing development in Brooklyn. Known as Broadway Triangle, the wedge-shaped plot of land sits at the intersection of Williamsburg, Bushwick, and Bedford-Stuyvesant and will eventually give rise to a five-building housing complex for low-income households and the formerly homeless.

Permits Filed for 2051 Ryer Avenue, Tremont, Bronx

6:30 am on August 11, 2017 By Nikolai Fedak

Back in 2015, YIMBY reported that the Stagg Group had filed new building applications for 2051 Ryer Avenue, in the West Bronx. Since then, the site went onto the market asking $1.45 million, and has evidently traded hands to Hercules Argyriou, of Ryer Avenue MM LLC/Mega Contracting Inc., which has filed new applications for a structure that is about 50% larger than the original. The building will rise 12 floors (as opposed to 13 previously), and total 66,615 square feet of residential space, to be divided between 86 apartments. That translates into an average unit of about 770 square feet, indicative of rentals. SLCE Architects is designing, and demolition permits for the site’s former occupant were filed in June of 2015.

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