Permits have been filed for a 20-story mixed-use building at 4650 Broadway in Inwood, Manhattan. Located between Sherman Avenue and Dongan Place, the lot is within walking distance of the two Dyckman Street subway stations, serviced by the 1 and A trains. Joseph Caruso under the Aqozfi Inwood LLC is listed as the owner behind the applications.
The affordable housing lottery has launched for 1111 Fulton Street, a seven-story mixed-use building in Bedford Stuyvesant, Brooklyn. Designed by ND Architecture & Design, the structure yields seven residences. Available on NYC Housing Connect are six units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $70,286 to $167,570.
Work is underway on the re-cladding and renovation of 111 Wall Street, a 25-story commercial building in the Financial District. Designed by STUDIOS Architecture and developed by Wafra Capital Partners and The Nightingale Group, LLC, the project will also refresh the roughly 1.5-million-square-foot structure’s Class A office space, overhaul the infrastructure, expand its lobby, and add amenities designed by URBN Playground. Hunter Roberts Construction Group, LLC is the general contractor and JLL is handling leasing for the property, which is bound by Wall Street and Mannahatta Park to the northeast, Front Street to the northwest, Gouverneur Lane to the southwest, and South Street and the FDR Drive to the southeast. 111 Wall Street’s 21st century makeover is expected to cost $100 million.
Occupancy is set to begin this week at 351 Marin Boulevard, a 38-story rental property in Jersey City’s Powerhouse Arts District. Designed by Hollwich Kushner and HLW Architects and developed by Kushner Real Estate Group (KRE) in a joint venture with Northwestern Mutual, the 406-foot-tall property yields 507 apartments enclosed in a sleek envelope of glass and warm-colored brick. The property is located on a rectangular parcel bound by Marin Boulevard to the east, 1st Street to the north, Bay Street to the south, and low-rise buildings to the west. The Marketing Directors is the exclusive leasing agent for the studios and one- and two-bedroom homes. Units are priced at $2,650 on the low end, and grand opening incentives include two months free on a 14-month lease and three months free on a 26-month lease.
Camber Property Group has completed a $105 million acquisition of three Project Based Section 8 affordable housing complexes formerly owned by Omni New York. The three properties include Grace Towers, a 168-unit building in East New York, Brooklyn; Target V Apartments in the Morris Heights section of The Bronx; and Madson Apartments in East Harlem.
