The New York State Housing Finance Agency has authorized funding for two residential skyscrapers in Brooklyn, according to an article in yesterday's edition of the Brooklyn Daily Eagle by Linda Collins.
The article said that the funding will be used to building affordable housing in each of the towers and help create jobs and stimulate the local economy.
One of the towers is 388 Bridge Street Apartments, which is between Willoughby and Fulton streets in Downtown Brooklyn. It is a 234-unit, 49-story rental apartment tower controlled by the estate of Stanley Stahl. It received $94.6 million in financing and will have 47 of its units set aside for tenants with household incomes up to $39,600 for a family of four. SLCE Architects is designed the building, which is shown at the right.
The other tower is 29 Flatbush Avenue at Nevins Street, also in Downtown Brooklyn. It is a 333-unit, 44-story rental apartment building controlled by The Dermot Company. It received $99 million in financing and 67 of its units will be set aside for tenants with household incomes up to $39,600 for a family of four. Ismael Leyva is the architect for 29 Flatbush Avenue.
A third building also received funding: 25 Washington Street between Plymouth and Water Streets in DUMBO, a 106-unit, 8-story rental apartment building being converted by Two Trees Management Co. It received $22.2 million in financing for provided 21 affordable units.
Last September, AvalonBay Communities filed plans for a 58-story, 860-unit rental tower on Willoughby Street between Bridge and Duffield streets. SLCE is the architect.
The article said that the funding will be used to building affordable housing in each of the towers and help create jobs and stimulate the local economy.
One of the towers is 388 Bridge Street Apartments, which is between Willoughby and Fulton streets in Downtown Brooklyn. It is a 234-unit, 49-story rental apartment tower controlled by the estate of Stanley Stahl. It received $94.6 million in financing and will have 47 of its units set aside for tenants with household incomes up to $39,600 for a family of four. SLCE Architects is designed the building, which is shown at the right.
The other tower is 29 Flatbush Avenue at Nevins Street, also in Downtown Brooklyn. It is a 333-unit, 44-story rental apartment building controlled by The Dermot Company. It received $99 million in financing and 67 of its units will be set aside for tenants with household incomes up to $39,600 for a family of four. Ismael Leyva is the architect for 29 Flatbush Avenue.
A third building also received funding: 25 Washington Street between Plymouth and Water Streets in DUMBO, a 106-unit, 8-story rental apartment building being converted by Two Trees Management Co. It received $22.2 million in financing for provided 21 affordable units.
Last September, AvalonBay Communities filed plans for a 58-story, 860-unit rental tower on Willoughby Street between Bridge and Duffield streets. SLCE is the architect.
Architecture Critic
Carter Horsley
Since 1997, Carter B. Horsley has been the editorial director of CityRealty. He began his journalistic career at The New York Times in 1961 where he spent 26 years as a reporter specializing in real estate & architectural news. In 1987, he became the architecture critic and real estate editor of The New York Post.
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