Douglaston Development, New York State Homes and Community Renewal, and New York City Department of Housing Preservation and Development recently announced the closing of construction financing for a $93.5 million mixed-use affordable housing development. The senior housing development addressed as 2856 Webster Avenue will bring 188 units to the Bedford Park neighborhood in The Bronx.
Articles by Vanessa Londono
Permits have been filed for an eight-story mixed-use building at 14-41 Broadway in Astoria, Queens. Located between 14th Street and 21st Street, the interior lot is five blocks west of the Broadway subway station, serviced by the N and W trains. Steven Rigogiannis of Plaza North 1031 is listed as the owner behind the applications.
Permits have been filed for a six-story mixed-use building at 382 Remsen Avenue in East Flatbush, Brooklyn. Located at the intersection of Lenox Road and Remsen Avenue, the corner lot is closest to the Saratoga Avenue subway station, serviced by the 2, 3, and 4 trains. Yoel Horowitz of Highline Developers is listed as the owner behind the applications.
Construction is imminent on Twin Parks Terrace, a 14-story affordable housing development in the Bronx’s Fordham Heights neighborhood. Settlement Housing and Joy Construction are developing the project on land owned by New York City Housing Authority (NYCHA), in partnership with New York City Department of Housing Preservation and Development, New York City Housing Development Corporation, and NYCHA. Danois Architects is designing the mixed-use building that will include 182 residential units, amenities, 10,489 square feet of ground-floor retail, and 1,883 square feet of community facility space.
Due to fair housing concerns, New York City plans to suspend the Affordable Independent Residences for Seniors housing program, aka AIRS, beginning July 21, 2021.