The Yonkers Industrial Development Agency has granted preliminary approval for financial incentives supporting three new mixed-use developments, representing a total private investment of approximately $463.5 million. Among these projects is AMS Acquisitions‘ $306.7 million development at 18 North Broadway in Yonkers. The project will consist of two 25-story residential towers.
The affordable housing lottery has launched for 2438 Lyvere Street, an eight-story mixed-use building in Westchester Square, The Bronx. Designed by Badaly Architects and developed by Arjan Gjushi, the structure yields 45 residences. Available on NYC Housing Connect are 14 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $44,572 to $218,010.
Permits have been filed for an eight-story commercial building at 217 Canal Street in Chinatown, Manhattan. Located between Baxter Street and Mulberry Street, the lot is near the Canal Street subway station, serviced by the 6, J, and Z trains. Mott & Prince Management, Inc. is listed as the owner behind the applications.
Construction is continuing on THE 74, a 32-story residential tower at 201 East 74th Street on Manhattan’s Upper East Side. Designed by Pelli Clarke & Partners with SLCE Architects as the architect of record and developed by Elad Group, which purchased the property for $61 million in April 2022, the 420-foot-tall structure will yield 42 condominium units and a collection of residential amenities. Rafael de Cardenas is the interior designer for the amenity spaces and the residences, which are being marketed by Douglas Elliman Development Marketing and will include half-floor two- and three-bedroom units, full-floor four- and five-bedroom homes, a single free-standing townhome, and a duplex penthouse. The property is alternately addressed as 1299 Third Avenue and located on an interior lot facing Third Avenue with two small panhandle extensions to East 74th and East 75th Streets.
Foundation work is progressing at 219 Canal Street, the site of a four-story commercial building in Chinatown, Manhattan. Designed by Chang Hwa Tan of Tan Architect P.C. and developed by 219 Canal Street, LLC, the nearly 43-foot-tall low-rise structure will include a cellar level, almost 3,300 square fete of commercial space, and is located at the corner of Canal and Baxter Streets on a shallow plot.
