Phipps Houses has successfully closed on a $188 million financial package to complete the second phase of renovations at Lambert Houses. Located in the West Farms section of The Bronx, the affordable housing complex spans 12 acres of land near the Bronx Zoo.
Permits have been filed for a four-story residential building at 261 Bedford Park Boulevard in Jerome Park, The Bronx. Located at the intersection of Briggs Avenue and Bedford Park Boulevard, the corner lot is near the Bedford Park Boulevard subway station, serviced by the B and D trains. Geri Z Development LLC is listed as the owner behind the applications.
Excavation is progressing at 308 West 43rd Street, the site of a two-building residential development in Midtown, Manhattan. Designed by Handel Architects and developed by Taconic Partners under the 311 West 42nd Street Associates LLC, the 373,133-square-foot development will yield 321 apartments averaging 839 square feet apiece as well as 25,202 square feet of retail space. Triton Construction is serving as the general contractor for the property, which is located between West 42nd and 43rd Streets and Eighth and Ninth Avenues, directly north of the Port Authority Bus Terminal.
The Rabsky Group recently closed on a $72 million construction loan to complete a new high-rise residential building at 240 Willoughby Street in Fort Greene, Brooklyn. Provided by SCALE Lending, the construction loan will also fund the renovation of an existing 21-story, 189-unit multifamily development within the same complex.
Permits have been filed for a six-story residential building at 990 Franklin Avenue in Crown Heights, Brooklyn. Located between Sullivan Place and Montgomery Street, the interior lot is near the Prospect Park subway station, serviced by the B, Q and shuttle trains. Ian Bruce Eichner of Continuum Company under the Franklin Avenue Property Owner LLC is listed as the owner behind the applications.
