Brooklyn

Transitional housing property owned by Fundamental Advisors, via fundamental.com

Slate Property Group Closes $210 Million Refinancing Package For Transitional And Affordable Housing Portfolio

7:00 am on August 25, 2024 By Max Gillespie

Slate Property Group and Fundamental Advisors have closed on a $210 million refinancing package for their joint venture’s transitional and affordable housing portfolio. The transaction, designated as a social bond, was made possible by Freddie Mac in a first-of-its-kind engagement to provide liquidity to social impact financial institutions that bring affordable housing to low-income communities and underserved populations.

Housing Lottery Launches for The Hartby at 788 Willoughby Avenue in Bed-Stuy, Brooklyn

7:00 am on August 15, 2024 By Vanessa Londono

The affordable housing lottery has launched for The Hartby, at the recently restored and renovated St. John’s College building, built in 1870 by architect Patrick Keely. Located at 788 Willoughby Avenue in Bedford Stuyvesant, Brooklyn, the 205-unit residential conversion was designed by Woods Bagot, with interiors by Alchemy Studio, and developed by Property Resources Corporation. Available on NYC Housing Connect are 62 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $85,543 to $218,010.

1 Park Point Wraps Up Construction in Windsor Terrace, Brooklyn

8:00 am on August 7, 2024 By Michael Young and Matt Pruznick

Construction is finishing up on 1 Park Point, a 13-story residential building in Windsor Terrace, Brooklyn. Designed by FXCollaborative and developed by Focus Property Group, a subsidiary of JEMB Realty, the 145-foot-tall structure will span 395,726 square feet and yield 375 rental units with an average scope of 798 square feet, as well as 5,388 square feet of retail space, 18,850 square feet of community space, a cellar level, and 106 enclosed parking spaces. Twenty-five percent of the residential units will be dedicated to affordable housing. Pavarini McGovern served as the general contractor for the property, which was formerly addressed as 11 Ocean Parkway and is located on Machate Circle at the southwestern corner of Prospect Park, bound by Ocean Parkway, Coney Island Avenue, and Caton Place.

Façade Installation Progresses on 204 4th Avenue in Gowanus, Brooklyn

8:00 am on August 6, 2024 By Michael Young and Matt Pruznick

Façade installation is moving along on 204 4th Avenue, a 13-story residential building in Gowanus, Brooklyn. Designed by L+Z Architecture and developed by Avery Hall and Gindi Capital, the 200,000-square-foot structure will yield 193 rental units and 14,000 square feet of ground-floor retail space. The property is alternately addressed as 655 Union Street and bound by Sackett Street to the north and Raul Vasquez Jr. Place to the south.

288 4th Avenue Tops Out in Gowanus, Brooklyn

7:30 am on August 5, 2024 By Michael Young

Construction has topped out on 288 4th Avenue, a 14-story mixed-use building in Gowanus, Brooklyn. Designed by Fischer Makooi Architect and developed by Joseph Vogel, the 146-foot-tall structure will yield 66 rental units, a cellar level, 4,309 square feet of ground-floor commercial space, a public outdoor terrace, and a second-floor recreational area. Crown 286 4th Avenue is listed as the owner of the property, which is located on an interior lot between 1st and Carroll Streets.

380 4th Avenue’s Exterior Takes Shape in Gowanus, Brooklyn

7:30 am on August 4, 2024 By Michael Young and Matt Pruznick

Exterior work is progressing on 380 4th Avenue, a 17-story residential building in Gowanus, Brooklyn. Designed by GF55 Architects and developed by Quinlan Development Group LLC, the 175-foot-tall structure will span 211,650 square feet and yield 197 rental units with an average scope of 830 square feet, as well as 6,030 square feet of ground-floor commercial space, a cellar level, a 40-foot-long rear yard, and 30 enclosed parking spaces. Fifty of the units will be designated as affordable housing. The $78 million project is located between 3rd and 6th Streets.

Rendering of 544 Carroll Street - Courtesy of Avery Hall

544 Carroll Street Tops Out in Gowanus, Brooklyn

8:00 am on August 2, 2024 By Michael Young

Construction has topped out on 544 Carroll Street, a 17-story residential building on the eastern edge of Gowanus, Brooklyn. Designed and developed by Avery Hall with L+Z Architecture as the architect of record, the 175,000-square-foot structure will yield 133 rental units with 25 percent designated as affordable housing, as well as 6,000 square feet of ground-floor retail space. The property is alternately addressed as 272 Fourth Avenue and bound by Carroll Street to the north and 4th Avenue to the east. The project is expected to cost between $90 and $120 million.

Façade Installation Progresses On 164 4th Avenue in Gowanus, Brooklyn

8:00 am on August 1, 2024 By Michael Young

Façade installation is progressing on 164 4th Avenue, a 17-story residential building in Gowanus, Brooklyn. Designed by SBLM Architects and developed by JLL Capital Markets, the 142,000-square-foot structure will yield 160 rental apartments with 30 percent designated as affordable housing, as well as 12,391 square feet of ground-floor commercial space. The 13,840-square-foot site was formerly occupied by a gas station and is located at the corner of 4th Avenue and Douglass Street.

Permits Filed for 92 Stanhope Street in Bushwick, Brooklyn

6:30 am on August 1, 2024 By Vanessa Londono

Permits have been filed for a four-story residential building at 92 Stanhope Street in Bushwick, Brooklyn. Located between Evergreen Avenue and Central Avenue, the lot is near the Central Avenue subway station, serviced by the M train. John Rubino is listed as the owner behind the applications.

Façade Installation Continues on 625 Fulton Street in Downtown Brooklyn

8:00 am on July 31, 2024 By Michael Young

Façade installation is progressing on 625 Fulton Street, a 35-story mixed-use skyscraper in Downtown Brooklyn. Designed by Fischer Rasmussen Whitefield Architects and developed by Rabsky Group with $450 million in construction financing from Madison Realty Capital, the 500-foot-tall structure will yield 1,098 rental units, 26,000 square feet of retail space on the lower levels, and an on-site parking garage for 250 vehicles. The property is alternately addressed as 485 Hudson Avenue and bound by the 34-story 80 DeKalb Avenue to the north, Fulton Street to the south, Rockwell Place to the east, and Hudson Avenue to the west.

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