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.Read More
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.Read More
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.Read More
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.Read More
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.Read More
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.Read More
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.Read More
Phipps Houses' affordable, Dattner designed apartment building in the eastern side of Brooklyn has released new renderings. The 14 story residential building, located at 3301 Atlantic Avenue, will encompass the entire city block including 403 residential apartment units and 21,000 SF of commercial and retail space. Rezoning in the neighborhood requires that developers who use HPD finanicing must make 40% of units in the development available for low income households, or households earning less than 50% of the neighborhood's median income.