Tishman Speyer has purchased the vast majority of Edgemere Commons, a forthcoming affordable housing complex in Edgemere, Queens. The development site is located on the former Peninsula Hospital complex in the Rockaways, which comprises 9.34 acres.
Debevoise Senior Housing, a 100 percent affordable housing property for senior residents, opened this week in Williamsburg, Brooklyn. The new property is located at 40 Debevoise Street and was developed in partnership by The Arker Companies, New York City’s Department of Housing Preservation and Development (HPD), and the Jewish Association Serving the Aging (JASA).
Construction is now complete on The Fountains, a six-building affordable housing complex in East New York, Brooklyn. Developed by Long Island-based Arker Companies, which purchased the site for $10 million following a competitive request for proposal process facilitated by the Empire State Development Corporation, the development yields 1,163 affordable homes, commercial space, and a new public plaza.
The affordable housing lottery is now open for Fountain Seaview B3 Apartments, a nine-story mixed-use development at 881 Erskine Street in East New York, Brooklyn. Designed by Aufgang Architects and developed by Arker Companies, the 131,386-square-foot will yield a total 144 units in a mix of studios, one-, two-, and three-bedroom units. Available on NYC Housing Connect are 112 apartments for residents at 30 to 60 percent of the area median income, ranging in eligible income from $13,543 to $84,600. The building is one of eight in the redevelopment of the former state-run Brooklyn Developmental Center site, with a mix of residential, retail, and community space. Overall Fountain Seaview will have 1,169 residential units with 397 of those designated as affordable housing.
This week, The Arker Companies celebrated the completion of a new affordable housing building at 11629 Seaview Avenue in East New York, Brooklyn. The residential building is one of two properties that comprise phase one of The Fountains, a six-building affordable housing complex that will yield 1,163 apartments.
