L+M Development Partners has closed on $179 million in financing that will support the construction of three new buildings within the Marcus Garvey Extension Project. Located in Brownsville, Brooklyn, the buildings will establish 348 affordable and supportive housing units and approximately 13,400 square feet of commercial and community facility space.
The Department of City Planning is expected to weigh in on the construction of a new mixed-use building at 312 Coney Island Avenue in the historic Windsor Terrace section of Brooklyn. Designed by FXCollaborative, the proposed development measures 387,000 gross square feet and includes residential area, a church, a small school, and commercial retail.
Work has taken a big step forward at 9 DeKalb Avenue, the outer boroughs’ first supertall skyscraper and number seven on YIMBY’s countdown of the tallest projects underway in New York City. The construction crane has been assembled at the Downtown Brooklyn site and things are gearing up for the start of vertical progress in 2020. The 73-story, 1,066-foot-tall tower is designed by SHoP Architects and developed by JDS, the same duo behind 111 West 57th Street.
YIMBY checked in recently at 520 Fifth Avenue, the site of a planned 920-foot-tall skyscraper that takes the number 13 spot on our countdown of the tallest projects in progress in New York City. Located in Midtown at the corner of Fifth Avenue and West 43rd Street, the plot sits cleared for construction, which YIMBY expects will commence sometime in 2020. YIMBY last reported that Handel Architects is designing and Arthur Hooper of Ceruzzi Properties is developing the project in conjunction with SMI USA. Ceruzzi purchased the property in 2015 for $275 million from Thor Equities.
Construction on 3 East 3rd Street in the East Village is substantially complete, with occupancy expected in the next few weeks. The six-story building is located just off of the intersection of East 3rd Street and Bowery, on the border of the East Village and The Bowery. YIMBY last reported that the property is designed and developed by Barrett Design.