On Tuesday, Governor Kathy Hochul announced the award of approximately $322,000 in funding for four waterfront projects in the New York City metropolitan area. The grants are expected to support a wide range of initiatives, including enhancing recreational areas, expanding river access, and protecting the Hudson River ecosystem.
The affordable housing lottery has launched for 1629 Brooklyn Avenue, a seven-story residential building in East Flatbush, Brooklyn. Designed by DJLU Architects and developed by Jacob Leifer, the structure yields 22 residences. Available on NYC Housing Connect are seven units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $123,395 to $198,250.
Permits have been filed for a six-story mixed-use building at 179-07 Jamaica Avenue in Jamaica, Queens. Located between 179th Street and 179th Place, the lot is within walking distance of the Jamaica-179th Street subway station, serviced by the F train. Azahar Haque is listed as the owner behind the applications.
Construction is rising on 33 Westchester Place, a 27-story residential tower in downtown New Rochelle, New York. Designed by Fogarty Finger and developed by Allstate Ventures, the structure is the third and final component in the Westchester Place master plan and will yield 315 rental units in studio to two-bedroom layouts. EXR is handing marketing and leasing for the property, which is alternately addressed as 316 Huguenot Place and bound by Huguenot Street to the northwest and Westchester Place to the southeast.
Construction is nearing completion on Sherman Plaza, a 19-story mixed-use building at 4650 Broadway in Inwood, Manhattan. Designed by Handel Architects and developed by Arden Group, which acquired the property for $54 million in 2019, the 260-foot-tall structure will span 351,000 square feet and yield 222 rental apartments, 38,000 square feet of lower-level retail space, and an 80,000-square-foot charter school. Aqozfi Inwood LLC is listed as the owner and Consigli Construction Co. is the general contractor for the property, which is located at the intersection of Broadway and Sherman Avenue, directly east of Fort Tyron Park.
