Foundation work is underway on the eight-story, 63-unit mixed-use building under development at 470 Dean Street, located on the corner of Flatbush Avenue in Prospect Heights. Progress can be seen thanks to a photo posted to the YIMBY Forums. The latest building permits indicate the project will measure 101,831 square feet and rise 80 feet to it roof, not including bulkhead elements.
New details are emerging of the affordable mixed-use project planned at 110 New Lots Avenue, in southern Brownsville. The project was reported to consist of 481 units when plans were first unveiled in October. Developers have now filed applications with the Department of City Planning to rezone the two-block assemblage for a multi-building project, called Ebenezer Plaza, with a total 512 apartments, an increase of 31 units. All of the units would rent at below-market rates.
Armout International Inc. has filed applications for a seven-story, 14-unit mixed-use building at 331 Avenue U, in Gravesend. The project will measure 16,249 square feet and rise 78 feet above street level. There will be 1,320 square feet of retail space on the ground floor, followed by 14 residential units across the second through seventh floors. The apartments should average 1,186 square feet apiece, indicative of condominiums. Shlomo Wygoda’s TriBeCa-based SWA Architecture is the architect of record. The 60-foot-wide, 6,000-square-foot site is vacant.
Last week, the City Council approved plans for Atlas Capital Group and Westbrook Partners to acquire $100 million worth of air rights from Pier 40, overseen by the Hudson River Park Trust, to develop a 1,586-unit mixed-use complex at 550 Washington Street, in Hudson Square. The project is set to include five towers, the New York Times reported, although their height was not disclosed. Thirty percent of the units, or 475 apartments, will rent at below-market rates through the housing lottery. One of the residential towers will be geared towards “older tenants.” There would also be retail space and a 15,000-square-foot recreation center.
The Durst Organization has acquired, for $173.5 million, the high-profile mixed-use development site at 29-37 41st Avenue, in Long Island City’s Court Square section. The new owner plans to build a tower with 1,000 rental apartments, rising as tall as 914 feet above street level, the New York Times reported. It’s expected that 25 percent, or 250 units, will rent at below-market rates through the housing lottery, Real Estate Weekly reported. The project would also include the creation of a half-acre public park. The sale included the vacant 14-story, 49,300-square-foot commercial building at 27-29 Queens Plaza North, an individual landmark, which was expected to receive a renovation by the same previous developers.
