Monadnock Development

Rendering of the rezoned Gowanus waterfront and public esplanade along Nevins Street - Gowanus Forward

New Renderings Reveal Proposed Gowanus, Brooklyn Waterfront Redevelopment Following ULURP Certification

Newly revealed renderings from Gowanus Forward illustrate an exciting future for the Gowanus Canal waterfront and the surrounding streetscape. From Gowanus Forward, a consortium of developers including Domain Companies, Monadnock, and PMG, the renderings show a drastically reinvigorated public thoroughfare with open green spaces, recreational boating, new benches, and a winding esplanade.

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Rendering of Wise Towers - Permanent Affordability Commitment Together [PACT]

NYCHA, Affordable Housing Groups, and Private Developers Forge $271M Deal to Upgrade Public Housing Throughout Manhattan

The NYCHA has revealed plans to significantly renovate and repair its aging portfolio of affordable housing properties in a deal valued at $271 million. Referred to as PACT, or Permanent Affordability Commitment Together, the consortium of public and private entities has committed to renovations on 16 individual buildings including 1,718 apartments throughout Manhattan.

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Rendering of the Nehemiah Spring Creek senior facility, courtesy of SLCE Architects

Affordable Housing Lottery Opens for 214 Apartments at Nehemiah Spring Creek, in East New York

The housing lottery is now open for Nehemiah Spring Creek, two separate residential developments in East New York, Brooklyn. Developed by Nehemiah Housing Development Fund Company, a non-profit housing affiliate for East Brooklyn Congregations in partnership with Monadnock Development, the buildings in this phase yield a total 214 rentals in a mix of studios, one-, two-, and three-bedroom units. Available on NYC Housing Connect are the 214 apartments for residents with an eligible income between $18,618 to $126,900, ranging from 30 to 90 percent of the Area Median Income (AMI). The structures are part of a 45-acre development plan that brings a mix of retail, affordable apartment rentals, and townhouse home ownership.

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