15 Hanover Place Nears Completion in Downtown Brooklyn

The 24th-tallest building on our year-end construction countdown is 15 Hanover Place, a 463-foot-tall residential tower nearing completion in Downtown Brooklyn. Designed by Fogarty Finger and developed by Lonicera Partners, the 34-story structure will span 295,000 square feet and yield 314 apartments, with 95 reserved for affordable housing, as well as 9,000 square feet of ground-floor retail space. Rabina is the co-developer and Noble Construction Group is the general contractor for the property, which was formerly addressed as 23 Hanover Place and is located at the corner of Livingston Street and Hanover Place.

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Housing Lottery Launches for 1042 President Street in Crown Heights, Brooklyn

The affordable housing lottery has launched for 1042 President Street, an eight-story residential building in Crown Heights, Brooklyn. Designed by S. Wieder Architects and developed by Jacob Fulop, the structure yields 55 residences and 19 parking spaces. Available on NYC Housing Connect are 18 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $53,726 to $122,000.

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Foundations Underway for Two-Tower Complex at 570 Washington Street in Manhattan’s West Village

At number 25 on our annual construction countdown is 570 Washington Street, a two-tower residential project currently underway along the Hudson River waterfront in Manhattan’s West Village. Designed by COOKFOX Architects with SLCE Architects as the architect of record and developed by Zeckendorf Development, Atlas Capital, and The Baupost Group, the $1.25 billion complex will consist of 29- and 36-story towers rising 400 and 450 feet, respectively, and will yield an undisclosed number of condominium units and commercial space on the lower levels. ACI VI Clarkson LLC is the owner and AECOM Tishman is the general contractor for the project, which occupies a 1.3-acre block bound by Clarkson Street to the north, West Houston Street to the south, Washington Street to the east, and West Street to the west. The developers acquired the property for $340 million in early 2022 and have projected a $1 billion sellout on the homes.

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