Exterior work is progressing on Olympia, a 26-story residential building at 30 Front Street in DUMBO, Brooklyn. Designed by Hill West Architects and developed by Fortis Property Group with Workstead leading the interior design, the 401-foot-tall structure will yield 76 condominiums marketed by Fredrik Eklund and John Gomes of the Eklund Gomes Team at Douglas Elliman and Karen Heyman at Sotheby’s. Urban Atelier Group is managing construction, Manhattan Concrete created the reinforced concrete superstructure, and King Contacting Group is in charge of the CMU work, exterior insulation finish systems, and roofing for the project, which is bound by Front Street to the north, Washington Street to the east, and York Street to the south.
Sales launched this week for a boutique condominium development in Bedford-Stuyvesant, Brooklyn. Addressed as 394 Kosciuszko Street, the new five-story building is developed by Pros Development and designed by Allen Shinfeld. The In-House Group is handling sales and marketing for the five units with pricing starting at $949,500.
The New York City Department of Housing Preservation and Development (HPD) has completed its latest affordable homeownership program in Brooklyn. Known as the Blake Hendrix project, the initiative introduces 30 new residential properties scattered across 13 different sites in East New York.
Construction is now underway at 1515 Surf Avenue, a forthcoming rental property on the waterfront edge of Coney Island, Brooklyn. Developed by LCOR, the building will top out at 16 stories with a mix of residential and retail components.
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.