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.
The affordable housing lottery has launched for 539 Vanderbilt Avenue, a 29-story residential tower at 550 Clinton Avenue in Clinton Hill, Brooklyn. Designed by Morris Adjmi Architects and developed by Hope Street Capital, the structure yields 284 apartments and about 60,000 square feet of retail space. Available on NYC Housing Connect are 80 units for residents at 70 to 130 percent of the area median income (AMI), ranging in eligible income from $48,206 to $215,150.
Permits have been filed for a four-story residential building at 950 Ogden Avenue in Highbridge, The Bronx. Located at the intersection of West 162nd Street and Ogden Avenue, the lot is close to the 161st Street-Yankee Stadium subway station, serviced by the B, D, and 4 trains.
YIMBY got a rare, private look at a unique new penthouse atop 360 Central Park West, an early 20th century building on Manhattan’s Upper West Side. Originally designed by Rosario Candela in 1929, the upper floors and interiors are now being converted and meticulously transformed into a spacious new condominium duplex designed by CetraRuddy Architecture. Located at the crossroads of Central Park West and 96th Street, the full-service prewar building is the only condominium on Central Park West that bears the prestigious Candela imprimatur.
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.
