Continuum Company and Lincoln Equities have revealed their new mega-project which is set to come to Brooklyn’s Crown Heights neighborhood at 960 Franklin Avenue. The proposal, which as been submitted to New York City’s Department of City Planning, includes over 1.4 million SF of total development which includes 2 mixed-use buildings to be built in two phases.
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Kimco Realty Corporation Reveals Mixed-Use The Kissena Center In Flushing, Queens
Kimco Realty Corporation has revealed their new proposal to bring an S9 Architecture and Aufgang Architects-designed mixed-use development known as The Kissena Center to Flushing, Queens. The project, located at 46-15 Kissena Boulevard, will rise 8-stories and will feature residential rental apartments, community facilities, commercial retail space and parking.
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SL Green Goes Vertical On 185 Broadway After Locking Down $225 Million Construction Loan
SL Green has had a giant project in the works for 185 Broadway in lower Manhattan since 2015. On Friday, the developer finally announced plans to go vertical on construction of the 35-story, 260,000 square foot development in the first quarter of 2019.
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What Is The Speculation Watch List?
The Speculation Watch List is the gathering of properties whose tenants that could possibly become victims of harassment. The list includes rent-regulated multifamily properties sold this year for more than $10,000 that have a capitalization rate below the median cap rate for their respective boroughs.
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Abandoned Queens Hospital to Become 350 Mixed-Income Apartments
Jasper Venture Group has completed an important step in the delayed conversion of the decaying Parkway Hospital in Forest Hills, Queens. The developer entered the project, 350 market-rate rental apartments, into New York City’s Uniform Land Use Review Procedure (ULURP) for public review.
The hospital was closed in 2008 after a prolonged legal battle, and it was shortly picked up by Jasper Venture Group at auction. Original plans by the developer for condos fell through and attempts at selling the property were unsuccessful. Since 2016, they have been working with local officials to convert the site into affordable housing.
The group plans to add two stories to the existing six-story structure and build 135 market-rate apartments, including senior housing. It also wants to build an additional 216 apartments in a 14-story tower on the property.
The first step in the public review process is the local community board and the Queens Borough President; then proposal will be reviewed by the City Planning Commission, followed by the City Council, and the Mayor.
Article by: Katya Demina
NYC Is Spending $500 Million For Affordable Senior Housing
The de Blasio administration has committed $500 million to build thousands of affordable housing units for low-income seniors, in order to reduce the public housing waitlist, which currently has about 207,000 families registered.
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Two Trees & Arker Companies Tabbed To Build Mixed-Income Development On NYCHA Boerum Hill Site
The Brooklyn-based Two Trees along with Arker Companies has been chosen to build a mixed-income project at Boerum Hill's Wyckoff Gardens in Brooklyn. The project is part of the New York City Housing Authority's NextGen housing program and will be built on NYCHA land.
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The COOKFOX-Designed Webster Residences in The Bronx Launches Lottery For Affordable Units
After receiving over 55,000 applications in the lottery for 227 affordable apartments last February (2017) for Park House, Breaking Ground has launched the lottery for their 2nd building in the two building development, Webster Residences.
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