Residential


Foundation Work Progresses at 1491-1493 First Avenue on Manhattan’s Upper East Side

Foundation work is progressing at 1491-1493 First Avenue, the site of a 35-story residential building on Manhattan’s Upper East Side. Designed by Hill West Architects and developed by Carmel Partners, which purchased the property for $73.5 million in early 2022 from local developer Robert Chou, the 404-foot-tall structure will yield 206 condominium units, 7,120 square feet of ground-floor retail space, and a cellar level. CP VII 78th Street Owner is the owner and Carmel Construction East is the general contractor for the project, which is located at the southwestern corner of First Avenue and East 78th Street.

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Housing Lottery Launches for 26-12 4th Street in Astoria, Queens

The affordable housing lottery has launched for 26-12 4th Street, a seven-story residential building in Astoria, Queens. Designed by NDKazalas Architecture and developed by Sohel Munnaf of 23-16 4th Street LLC, the structure yields 22 residences. Available on NYC Housing Connect are seven units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $72,000 to $167,570.

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Excavation Underway at 1187 Fulton Street in Bed-Stuy, Brooklyn

Excavation and pilings are underway at 1187 Fulton Street, the site of a four-story mixed-use building near the border of Clinton Hill and Bedford-Stuyvesant, Brooklyn. Designed by Magnusson Architecture and Planning, PC and developed in a partnership by the Bedford Stuyvesant Restoration Corporation and St. Nicks Alliance, the 45-foot-tall structure will span 5,115 square feet and yield three affordable units with an average scope of 1,220 square feet, as well as 1,456 square feet of ground-floor retail space, a cellar level, and a 30-foot-long rear yard. Dekalb Commons NY LLC listed as the owner and Shamus Contracting Co. Inc. is the general contractor for the project, which is located between Spencer Place and Bedford Avenue.

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