The next phase of development at 2856 Webster Avenue, a new affordable housing complex in Bedford Park, The Bronx will introduce a sprawling new grocery store operated by Cherry Valley Marketplace. The retailer has committed to operate under guidelines established New York City’s Food Retail Expansion to Support Heath (FRESH) program, which promotes the establishment and retention of grocery stores that dedicate required selling space to perishable food items within underserved communities.
Housing Preservation and Development
The Bronx will soon be home to the country’s largest Passive House high-rise development. Located at 425 Grand Concourse in Mott Haven, the 26-story building will create 277 units of affordable housing, a neighborhood supermarket, a community health center, a cultural center, and a 30,000-square-foot educational facility for CUNY’s Hostos Community College.
Greenpoint‘s latest affordable housing property will soon take shape at 35 Commercial Street following the acquisition of $170 million in construction financing. The forthcoming property is located within the Greenpoint Landing mega-complex in north Brooklyn and will eventually introduce 374 affordable housing units to the neighborhood.
The Department of Housing Preservation and Development (HPD) is now in search of a development partner to accelerate Resilient Edgemere, a major initiative to reinvigorate the Edgemere section of the Rockaways. The primary objective of the plan is to advance development of mixed-use, residential, and affordable housing properties in the community.
The affordable housing lottery has launched for Caton Flats, a 14-story mixed-use residential building at 800 Flatbush Avenue in Flatbush, Brooklyn. Designed by Magnusson Architecture And Planning and developed through a partnership between BRP Companies, Housing Preservation and Development, the Housing Development Corporation, and the Caribbean-American Chamber of Commerce and Industry, the structure will also yield 5,000 square feet of supplemental community space owned and operated by the Caribbean American Chamber of Commerce and Industry and 10,000 square feet of local retail. Available on NYC Housing Connect are 254 units for residents at 40 to 165 percent of the area median income (AMI), ranging in eligible income from $21,635 to $244,200.