The Brooklyn Navy Yard gets ready for its close-up. The historic shipyard is moving into its next, more public phase with food halls, creative office space, and more. Read more here.
Affordable housing for higher earners is coming to the new residential building under construction on the LIU Brooklyn campus at 196 Willoughby Street. The 34-story, 476-unit apartment building will feature 70 percent of the units as market-rate rentals and thirty percent will be affordable units with below-market rents. Next to the high-rise, the developers are building an adjacent low-rise building that will belong to the university, with athletic fields on its roof and academic space and a parking garage inside. Read more here.
Pacific Park-Atlantic Yards affordable housing is too expensive, advocates say. The developers are required to complete construction of 2,250 affordable units in the next six years. Of the projected total 2,250 affordable units, 781 have been constructed. More than half of those units are designated to renters making 145 to 165 percent of New York City Area Median Income — which, for a family of three, means an income of $139,345 (called “middle-income”) to $158,565 (“high-income”) annually. Read more here.
Sales have officially launched at Front & York, the massive residential project in Dumbo that will bring more than 700 apartments to the neighborhood. More than half of those will be condos, with prices starting at just under $1 million for a 1 bedroom and $1.9 M for a 2 bedroom. Read more here.
The Symon’s façade takes shape at 76 Schermerhorn Street in Brooklyn Heights, a new 13-story residential condo building featuring 1 to 4-bedrooms. Read more here.
