New York City Mayor Eric Adams recently announced the creation of the GreenHOUSE Fund, which will aim to assist rent-regulated apartment buildings and low-income co-ops in their efforts to decarbonize. If approved, the fund will work to improve air quality in disadvantaged communities with high asthma rates while simultaneously moving the city and state closer to achieving emissions reduction and equity goals.
Permits have been filed for a four-story residential building at 869 East 175th Street in Tremont, The Bronx. Located between Mohegan Avenue and Waterloo Place, the lot is near the 174th Street subway station, served by the 2 and 5 trains. Ardit Gocaj under the Illyricum Realty LLC is listed as the owner behind the applications.
New York Mets owner Steve Cohen recently unveiled new renderings for Metropolitan Park, a 20-acre park on the former site of Shea Stadium in Flushing Meadows–Corona Park, Queens. Designed in collaboration between SHoP Architects and Field Operations, the park is part of the 50-acre, $8 billion plan to transform the parking lots on the western side of Citi Field into a mixed-use casino and hotel complex. The development is bound by Shea Road to the north and west, Roosevelt Avenue to the south, and Citi Field, Seaver Way, and Mets Plaza to the east.
Exterior work is progressing on 2 Bushwick Avenue, a three-story commercial building in Williamsburg, Brooklyn. Designed by ROART for EMC2 Bushwick LLC, which purchased the parcel for $2.2 million in 2014, the 12,655-square-foot structure will yield two levels of retail space and one level of office space. The property was formerly occupied by a gas station at the corner of Bushwick and Metropolitan Avenues. REAL New York is marketing the commercial space.
Occupancy has begun for The Plains, a nine-story affordable and supportive housing project at 4519 White Plains Road in Wakefield, The Bronx. Designed by OCV Architects and developed in collaboration between The Doe Fund and Robert Sanborn Development, the 82,465-square-foot structure yields 98 apartments, with 20 units reserved for adults age 62 and older. The $51.6 million project is located between East 239th and 240th Streets.
