The William Macklowe Company and Senlac Ridge Partners have secured $142.9 million to complete a new mixed-use complex in Park Slope, Brooklyn. Located at 120 Fifth Avenue, the development will comprise two individual buildings with 180 rental units, amenity spaces, a CVS Pharmacy, and the borough’s first Lidl Supermarket.
The affordable housing lottery has launched for 180 Throop Avenue, a six-story mixed-use building in Bedford-Stuyvesant, Brooklyn. Designed by Beam Architects and developed by Leo Kaufman, the structure yields 36,925 square feet of residential space for 32 units and 7,606 square feet for commercial space. Available on NYC Housing Connect are ten units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $111,429 to $187,330. A one-month rent concession will be offered at lease signing.
New renderings from Urban Architectural Initiatives are the first to reveal Euclid Glenmore Apartments, an eight-story affordable housing property at 437 Euclid Avenue in East New York, Brooklyn. Designed by The Lantern Organization and Mega Contracting Group, which closed on $11.5 million in construction financing to complete the project, the building will comprise 135 units. A total of 81 units will be reserved for formerly homeless families, and the remainder for households at or below 60 percent area median income (AMI).
The affordable housing lottery has launched for 461 Alabama Avenue, a seven-story community facility building in New Lots, Brooklyn. Designed by Newman Design Architects and developed by the city’s Department of Housing Preservation and Development, the structure yields 71 residences. Available on NYC Housing Connect are 19 units for residents at 40 to 60 percent of the area median income (AMI), ranging in eligible income from $29,760 to $86,460.
Work is progressing below grade at 228 Berry Street, the site of an eight-story residential building in Williamsburg, Brooklyn. Designed by Fischer Rasmussen Whitefield Architect and developed by Berry North LLC, the 85-foot-tall structure will yield 35,329 square feet with 50 rental units spread across 34,825 square feet and 504 square feet of retail space. There will also be a cellar level, 25 enclosed parking spaces, and 25 open-air parking spaces. Bluesy Builders is the general contractor for the property, which is bound by North 1st Street to the north, and Grand Street to the south, and Berry Street to the east.
