Affordable Housing Lottery Launches for Edgemere Commons in Far Rockaway, Queens

7:00 am on April 24, 2024 By Vanessa Londono

The affordable housing lottery has launched for Edgemere Commons, a 17-story mixed-use building at 5123 Beach Channel Drive in Far Rockaway, Queens. Designed by Aufgang Architects and developed by The Arker Companies and Slate Property Group, the structure yields 194 affordable apartments, a 23,000-square-foot supermarket, and 133 parking spaces. Available on NYC Housing Connect are 134 units for residents at 30 to 80 percent of the area median income (AMI), ranging in eligible income from $24,480 to $154,080.

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Giorgio Armani Residences Continues Construction At 760 Madison Avenue on Manhattan’s Upper East Side

8:00 am on April 23, 2024 By Michael Young and Matt Pruznick

Exterior work is progressing on the Giorgio Armani Residences, a 12-story mixed-use building at 760 Madison Avenue in the Lenox Hill section of Manhattan’s Upper East Side. Designed by COOKFOX and developed by SL Green Realty and Giorgio Armani Corp., the 189-foot-tall structure will span 91,179 square feet and yield ten condominium units with sales led by Douglas Elliman Development Marketing, as well as a 19,387-square-foot Giorgio Armani flagship boutique. The property is located at the corner of Madison Avenue and East 65th Street.

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251 Douglass Street Readies for Earthwork in Gowanus, Brooklyn

7:30 am on April 23, 2024 By Michael Young and Matt Pruznick

Earthwork is getting underway at 251 Douglass Street, the site of a 15-story residential building in Gowanus, Brooklyn. Designed by Fogarty Finger Architects and developed by Charney Companies and Tavros Capital, the structure will span 250,000 square feet and yield 260 rental apartments with 25 percent reserved for affordable housing, as well as ground-floor retail space and on-site parking facilities. The project is alternately addressed as 239 Nevins Street and located at the corner of Nevins and Douglass Streets on a plot formerly occupied by a one-story garage.

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Rendering of McClellan One, via Creation

McClellan One Logistics Facility Breaks Ground In Newark, New Jersey

7:00 am on April 23, 2024 By Max Gillespie

Creation, a commercial real estate developer, and its joint-venture partner J.P. Morgan Asset Management, have begun site work on McClellan One, a Class A logistics building in Newark, New Jersey. The project team recently secured a $64 million construction loan from PCCP, allowing construction to move forward on the 120,584-square-foot structure, which is located on a 10-acre site at the northwest corner of Route 1 and McClellan Street, adjacent to Newark Liberty International Airport.

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