Phoenix Realty Group and Artimus Construction have acquired a 52-year ground lease for the development site at 147-07 94th Avenue in downtown Jamaica. The property was valued at roughly $34 million, and the development teams plan to build a mixed-use project with residential units and commercial-retail space. The residential units will be a mix of market-rate and affordable apartments.
Construction is now eight stories above street level on the 25-story, 368-unit mixed-use building under development at 210 Livingston Street, located on the corner of Hoyt Street in Downtown Brooklyn. The latest photo is courtesy of construction photographer Tectonic, via the YIMBY Forums.
Construction is now two stories above street level—a two-story increase since the end of May—on the two-towered, 48- and 41-story, 1,115-unit mixed-use development replacing 5Pointz at 22-44 Jackson Avenue, in the Court Square section of Long Island City. The latest photos of the site can be seen at The Court Square Blog. The entire complex will encompass 1,209,884 square feet, including 39,765 square feet of commercial space on the ground and cellar levels. Some of that space will be for 20 artists’ studios. The residential units will be rentals averaging 876 square feet apiece. Twenty percent of them, or 223 units, will rent at below-market rates through the affordable housing lottery. G&M Realty is the developer and HTO Architect is behind the architecture. Completion is expected towards the end of 2017.
Sometime earlier this year, the 10-story, 50-unit mixed-use building at 27 Albany Avenue, located on the corner of Fulton Street in south-central Bedford-Stuyvesant, topped out. Façade installation is now well underway, as seen in a photo courtesy of construction photographer Tectonic.
A vacant lot in the far-flung southeastern Bronx neighborhood of Soundview is set to be redeveloped. The non-profit Institute for Children, Poverty and Homelessness plans to develop a six-story supportive housing project at 1600 Randall Avenue, at the edge of NYCHA’s Soundview Houses and Soundview Park.
