Alexander Development Group and The Bluestone Organization have just completed one of the world’s largest Passive House multifamily rental properties at 42 West Broad Street in Mount Vernon, New York. Known simply as 42 Broad, the property is designed by Perkins Eastman and comprises 249 market-rate apartments, more than 20,000 square feet of amenities, a parking garage, and high-efficiency mechanicals that significantly limit the structure’s energy use and carbon emissions.
Construction is now complete on Tree of Life, a new affordable housing project at 89-46 164th Street in Jamaica, Queens. Developed in collaboration by First Jamaica Community and Urban Development Corporation (FJCUDC) and Bluestone Organization and designed by GF55 Architects, the 12-story building comprises 174 affordable units for a range of incomes from extremely low to moderate- and middle-income households. A total of 53 apartments will be permanently affordable under the city’s inclusionary housing program.
L+M Development Partners, Triangle Equities, and The Bluestone Organization have closed on a $95.7 million loan to complete Beach Dunes III, a mixed-use affordable housing property on the border of Edgemere and Far Rockaway in Queens. Located at 331 Beach 35th Street, the building will include 146 mixed-income apartments, 2,100 square feet of commercial space, and a 1,160-square-foot community center.
The affordable housing lottery has launched for Tree of Life, a 12-story mixed-use building at 89-46 164th Street in Jamaica, Queens. Designed by GF55 Partners and developed by Bluestone Organization and The First Presbyterian Church of Jamaica, the 213,705-square-foot development is being built to Passive House standards. Available on NYC Housing Connect are 174 units for residents at 50 to 120 percent of the area median income, ranging in eligible income from $25,372 to $169,200.
The Bluestone Organization and Crown Holdings recently celebrated the commencement of construction at 1182 Woodycrest Avenue in The Bronx. Located in the borough’s Highbridge neighborhood, the nine-story building is designed by Crown Architecture and Consulting and will comprise 40,808 gross square feet.