Rabsky Group recently closed on $450 million in construction financing to complete 625 Fulton Street, a mixed-use high rise building in Downtown Brooklyn. Financing is provided by Madison Realty Capital and was negotiated by Galaxy Capital.
Today’s housing lottery round-up features five buildings in Queens and Brooklyn with available affordable units on Housing Connect with deadlines closing within the next seven days.
Construction is going vertical on Waterview at Greenpoint, a two-tower residential development along Newtown Creek on the Greenpoint, Brooklyn waterfront. Designed by CetraRuddy and developed by Clipper Equity, the 811,000-square-foot project consists of the 30-story, 222-unit 77 Commercial Street and the 40-story, 298-unit 87 Commercial Street, which will rise from a shared seven-story podium. Of the 720 units, 200 are slated as affordable. A 300-car parking garage will also sit below grade. Waterview at Greenpoint is rising at the confluence of Commercial and Box Streets on a plot that once housed a two-story, 95,000-square-foot warehouse. Ray Builders Inc. is the general contractor,Hatfield Group is serving as the facade consultants, and WSP is the structural engineer.
Renderings from BDF Design illustrate a new mixed-use property at 2134 Coyle Street in Sheepshead Bay, Brooklyn. The proposed building will comprise just over 207,000 square feet with a mix of market-rate and permanently affordable housing, ground-floor retail, and two levels of sub-grade parking designed to accommodate up to 195 vehicles.
Permits have been filed for a seven-story mixed-use building at 340 Myrtle Avenue in Fort Greene, Brooklyn. Located between Carlton Avenue and Adelphi Street, the 9,696-square-foot lot is within walking distance of the Clinton-Washington Avenues subway station, serviced by the G train. Marisol Diaz is listed as the owner behind the applications.