Arch Companies and AB Capstone have secured $106 million in construction financing from Madison Realty Capital for a mixed-use tower at 3-50 St. Nicholas Avenue in Ridgewood, Queens. Located on the North Brooklyn-Queens border, the 17-story building will debut as one of the tallest in the area.
The affordable housing lottery is open for 1634 Church Avenue, an eight-story mixed-use development in Flatbush, Brooklyn. Designed by J. Frankl Associates and developed by The Jay Group, the 60,499-square-foot building will yield 48 units. Available on NYC Housing Connect are 15 units for residents at 130 percent of the area median income, ranging in eligible income from $68,572 to $159,640.
The Department of City Planning has officially launched the requisite public review process for 960 Franklin Avenue, a contentious high-rise development in Crown Heights, Brooklyn. The proposal includes two 39-story buildings flanked by several additional volumes ranging from 16 to 20 stories.
The affordable housing lottery is open for Maverick, a 20-story mixed-use development at 225 West 28th Street in Chelsea, Manhattan. Designed by DXA Studio and developed by HAP Investments, the 154,820-square-foot building will yield 112 units. Available on NYC Housing Connect are 35 units for residents at 70 to 80 percent of the area median income, ranging in eligible income from $34,115 to $112,800.
Permits have been filed for a six-story educational building at 1006 Westchester Avenue in Longwood, The Bronx. Located at the intersection of Fox Street and Westchester Avenue, the lot is also addressed 1016 Fox Street. Steps from the site is the Simpson Street subway station, serviced by the 2 and 5 trains. 1000 Westchester Avenue LLC is listed as the owner behind the applications.
