The Hudson Companies has partnered with two of New York City’s largest municipal pension funds to build new work force housing in the five boroughs and Nassau, Suffolk, Westchester, Putnam, Orange, and Rockland counties. In collaboration with the New York City Employees’ Retirement System, and the Teachers’ Retirement System of the City of New York, the investment is valued at $250 million.
The affordable housing lottery has launched for 25-49 38th Street, a four-story residential building in Astoria, Queens. Available on NYC Housing Connect are seven units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $83,418 to $167,570.
Exterior work is continuing to progress on The Willoughby, a 34-story mixed-use building at 196 Willoughby Street on Long Island University‘s Brooklyn campus in Downtown Brooklyn. Designed by Perkins Eastman and developed by RXR Realty, the 435-foot-tall structure is also alternately addressed as 61 DeKalb Avenue and will bring a mix of residential units, academic and office spaces, a new adjacent athletic field, and parking for 564 vehicles. The Willoughby is bound by Willoughby Street to the north, Ashland Place to the east, DeKalb Avenue to the south, and Flatbush Avenue Extension to the west.
Excavation work has begun at 625 Fulton Street, site of a proposed 941-foot tall, 79-story mixed-use skyscraper in Downtown Brooklyn. Designed by Skidmore Owings & Merrill and developed by Rabsky Group, which purchased the site for $158 million, the 1.8-million-square-foot project is planned to yield a mix of offices, residential units, retail space, an elementary school, and a public plaza. The property is located between Fulton Street to the south, Hudson Avenue to the west, DeKalb Avenue to the north, and Rockwell Place to the east.
The affordable housing lottery has launched for 336-338 East 28th Street, a four-story residential building in Flatbush, Brooklyn. The development yields six residences and is designed by S. Wieder Architect. Available on NYC Housing Connect are two units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $63,429 to $139,620.
