Last summer, the Daily News reported that the city was dragging its feet on building gas, sewer, and electric lines for the final phases of Nehemiah Spring Creek’s affordable housing development in East New York. Now, wheels are cranking into motion at the city housing agencies. Building applications have been filed for the fourth stage of the project.
Back in February, the first renderings were revealed of the planned 86-story, 245-unit mixed-use tower at 45 Broad Street, in the Financial District. The renderings originated from EB-5 materials, as the development team – Madison Equities, Pizzarotti-IBC, and AMS Acquisitions – is hoping to raise $75 million in financing through the program. Now, another rendering of the CetraRuddy-designed project has surfaced via YIMBY Forums, which depicts the tower when viewed from the north (looking southward down Broad Street). New buildings applications haven’t been filed yet, but the 1,100-foot-tall tower will encompass approximately 298,000 square feet. The first five floors should host 50,000 square feet of commercial space, while the apartments above should come in studio to three-bedroom layouts. There will also be 20,000 square feet of amenities. Groundbreaking is expected later this year, and completion is ambitiously scheduled for 2018.
In 2015, Bonjour Capital acquired the 11,857-square-foot development site at 1988-1996 Second Avenue and 303 East 102nd Street – located between East 102nd and 103rd streets in East Harlem – for roughly $25 million. Now, it has been revealed that the developer is planning a 12- or 13-story, 120,000-square-foot residential building at the site, Crain’s reports. The units will be rental apartments, although the number of them is not currently known. The site can accommodate 71,142 square feet of residential space as-of-right, but the site comes with addition air rights, boosting that figure to roughly 120,000 square feet. Groundbreaking is expected by the end of the year, with completion scheduled for early 2019. All seven of the assembled lots are currently vacant.
Property owner Jian Le Huang has filed applications for a four-story, seven-unit residential building at 1821 Grove Street, in Ridgewood, located four blocks from the Seneca Avenue stop on the M train. The structure will measure 5,000 square feet, which means its residential units should average 704 square feet apiece, indicative of rental apartments. There will be two apartments per floor on the ground through third floors, followed by a single unit on the fourth floor. A laundry room will be located in the building. Queens-based Julien Flander is the applicant of record. The 25-foot-wide site is currently occupied by a two-story townhouse. Demolition permits were filed in January.
Brooklyn-based Home Line Realty has filed applications for a five-story, 10-unit residential building at 38 Troutman Street, in western Bushwick, located two blocks from the Myrtle Avenue stop on the J/M/Z trains. The structure will measure 9,131 square feet, and its residential units should average 680 square feet apiece, indicative of rental apartments. There will be two apartments per floor, followed by an outdoor rooftop recreational area. Flavio C. Barros’ Long Island City-based CB Engineering is the applicant of record. The 25-foot-wide lot is currently occupied by a two-story house. Demolition permits have not yet been filed to remove it.
