The affordable housing lottery has launched for 1229 Eastern Parkway, a seven-story residential building in Crown Heights, Brooklyn. Developed by Bluejay Management, the structure yields 54 residences. Available on NYC Housing Connect are 17 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $84,000 to $227,500.
Haussmann Development has secured $40.75 million in refinancing from ACRES Capital for The Eve, a newly completed residential building at 827 Sterling Place in Crown Heights, Brooklyn. The loan replaces a $38.5 million construction financing package from Urban Standard Capital, which was paid off at $35.8 million. Designed by Issac & Stern Architects and developed by Haussmann Development, the fully electric project yields 76 residential units, including 23 affordable apartments. The property is located between Nostrand and Rogers Avenues.
Construction is nearing completion on The Eve, a seven-story residential building at 827 Sterling Place in Crown Heights, Brooklyn. Designed by Issac & Stern Architects and developed by Haussmann Development, the project yields 76 apartments. Twenty-three of the units will be designated as affordable. The property is located between Nostrand and Rogers Avenues.
The affordable housing lottery has launched for Prospect House, a nine-story mixed-use building at 953 Dean Street in Crown Heights, Brooklyn. Designed by JFA Architects & Engineers and developed by Clipper Realty, the structure yields 240 residences. Available on NYC Housing Connect are 72 units for residents at 80 to 130 percent of the area median income (AMI), ranging in eligible income from $68,949 to $161,590.
Construction is wrapping up on Loden, a 17-story two-tower residential complex at 54 Crown Street and 131 Montgomery Street in Crown Heights, Brooklyn. Designed by Hill West Architects and developed by Carmel Partners, the project yields 569 rental units in studio- to two-bedroom layouts with 143 reserved for affordable housing. The property also contains 7,500 square feet of ground-floor retail space, a 1,500-square-foot community facility, and 182 enclosed parking spaces. The development is bound by Crown Street to the north, Montgomery Street to the south, and Franklin Avenue to the east.
