Exterior work continues on 240 Willoughby Street, a 30-story residential building in Fort Greene, Brooklyn. Designed by Fischer Rasmussen Whitefield Architects and developed by Rabsky Group, which purchased the property for $95 million in 2019, the structure will yield 300 rental units with 147 dedicated to affordable housing. 240 Willoughby LLC is the owner of the property, which directly abuts an existing 21-story apartment building that is simultaneously undergoing extensive renovations. The development is bound by Willoughby Street to the north, the Brooklyn Hospital Center to the sou ..read more

Naftali Credit Partners has issued a $13.4 million mezzanine loan for the development of 813-815 Broadway, a new residential property in Greenwich Village, Manhattan. The loan is part of the $31.4 million in mezzanine financing recently issued by Naftali to Magnum Real Estate Group, the project's developer ..read more

The affordable housing lottery has launched for Bridge Rockaway Apartments, a pair of six- and seven-story mixed-use towers at 203 Newport Street in Brownsville, Brooklyn. Designed by Think! Architecture and Design and developed by Mega Development, nonprofit industrial developer Greenpoint Manufacturing and Design Center, and The Bridge, the structure yields 174 residences. Available on NYC Housing Connect are 86 units for residents at 30 to 70 percent of the area median income (AMI), ranging in eligible income from $24,480 to $134,820 ..read more

Permits have been filed for a five-story residential building at 376 Vernon Avenue in Stuyvesant Heights, Brooklyn. Located between Stuyvesant Avenue and Lewis Avenue, the lot is near the Myrtle Avenue subway station, serviced by the J, M, and Z trains. Yitzchok Schwartz of YS Developers is listed as the owner behind the applications ..read more

Naftali Credit Partners, a subsidiary of Naftali Group, has closed on an $18 million mezzanine loan for 24-01 Queens Plaza North, a new residential project in Long Island City, Queens. The loan is one of two recent mezzanine loans issued by Naftali Credit Partners, totaling $31.4 million combined, and was issued to the project's developer, New Empire ..read more

Leasing launched this week for 420 Carroll Street in Gowanus, Brooklyn. the first building developed through the 2021 Gowanus Neighborhood Rezoning. The waterfront development includes a 21-story tower and an adjacent 16-story tower connected via a subterranean tunnel, as well as 360 mixed-income apartments in a mix of studio to three-bedroom layouts, 27,000 square feet of commercial and retail space, and a 470-foot-long public promenade along the canal. 420 Carroll Street is developed by The Domain Companies and VOREA Group and designed by FXCollaborative with interiors by Alan Mainer Studios ..read more

Permits have been filed for an eight-story mixed-use building at 860 Longwood Avenue in Longwood, The Bronx. Located between Prospect Avenue and Hewitt Place, the lot is steps from the Prospect Avenue subway station, serviced by the 2 and 5 trains. Scully Company is listed as the owner behind the applications ..read more

As New York City simmers in some of the year's hottest weeks, the city's construction and real estate markets remain equally hot. The second quarter of the year, which spans the period from April through June, registered a total of 1,077 new building permits filed with the city's Department of Buildings. As such, Q2 2024 counts the second-highest number of new permit filings since YIMBY began its tally at the start of the decade and continues the strong trend established in the two preceding quarters, which now count the first- and third-highest permit filing totals. The 14,795 filed-for resid ..read more

State of Play Hospitality group has signed a lease to open Flight Club, a technology-enabled darts gaming facility, at 31 Union Square West in Flatiron, Manhattan. This will be the group's first venue in Manhattan, and its ninth lease for the Flight Club brand in North America. The location will be a global flagship for the brand ..read more

The affordable housing lottery has launched for 597 Grand Street, a nine-story mixed-use building in Williamsburg, Brooklyn. Designed by NY Building Associates and developed by Yitzchok Katz of Developing NY State, the structure yields 185 residences. Available on NYC Housing Connect are 56 units for residents at 80 to 130 percent of the area median income (AMI), ranging in eligible income from $63,155 to $218,010 ..read more