Residential

Chestnut Commons

Plan for “Chestnut Commons” Affordable Housing Revealed in East New York

Plans have been announced for 274 affordable housing units as part of a project entitled Chestnut Commons, in East New York. A rezoning shift pushed by the East New York Neighborhood Plan is mostly responsible for the site’s potential. The building will be affordable to households earning up to $51,540, with more than 80 units for households earning up to $25,770, including a set-aside for formerly homeless families and individuals.

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14 Fifth Avenue

Reveal for Robert A.M. Stern-Designed Tower Planned for 14 Fifth Avenue, Greenwich Village

The blocks of Greenwich Village are perhaps the most difficult spot for new development in all of New York City, but according to a tipster, that hasn’t gotten in the way of Madison Realty Capital’s plans to put a new tower at 14 Fifth Avenue, between West 8th and West 9th Streets. Plans have been created for the site by Robert A.M. Stern Architects, and while they have yet to receive approval from the Landmarks Preservation Commission, the new building would be both prominent, and attractive.

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950 55th Street

Permits Filed for 950 55th Street, Borough Park, Brooklyn

An anonymous LLC has filed permits for a six-story mixed-use building at 950 55th Street, in Borough Park, Brooklyn. The site is nine blocks away from the Fort Hamilton Parkway Subway station, serviced by the N, Q, and W trains. Slightly further away is the 55th Street station, serviced by the D train. The area has a vibrant Asian community, with dozens of busy restaurants and markets along the nearby 8th Avenue corridor.

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