Sales have launched for Post House, an 11-story residential building at 533 Pacific Street in Boerum Hill, Brooklyn. Designed by Issac & Stern Architects and developed by Sterling Town Equities, the structure yields 41 condominiums and an extensive amenity package. The property is located between 3rd and 4th Avenues.
The Department of Housing Preservation and Development (HPD), Housing Development Corporation, and NYCHA have announced plans to construct Sol on the Park, a 195-unit affordable housing property in the Morrisania section of The Bronx. Located at the corner of St. Paul’s Place and Park Avenue, the project sits within the Morris II public housing development.
Leasing has officially launched for The Kingsley, a new residential property at 2000 Murray Court in Fairfield, New Jersey. Developed by BNE Real Estate Group, the 99-unit building offers a mix of one- and two-bedroom layouts and a collection of health and wellness amenities.
The New Jersey Department of Community Affairs has awarded $985,000 to New Jersey Community Capital (NJCC) to facilitate the development, preservation, and enhancement of affordable housing, vocational programming, and community facilities in East Trenton.
Fairstead and LIHC Investment Group have announced plans for a six-story mixed-use development at 127 Orchard Street in Newark, New Jersey. Part of Essex Plaza, a 13-building residential complex, the new structure will replace a surface-level parking lot and yield 365,000 square feet with 241 units. Forty percent of these will be set aside as affordable units for households and individuals at 60 percent area median income (AMI). In practice, that equates an annual income of $64,400 for a four-person household.
