The development team behind Victory Plaza, a new 100% affordable senior housing project, has successfully closed on $65 million in construction financing to facilitate completion of the project. Located in Harlem at 11 West 118th Street, the building will eventually rise nine stories and comprise 136 rental homes. A total of 41 units will be reserved for the formerly homeless.
Camber Property Group
Developed in a partnership between Property Resources Corp. and Camber Property Group, 975 Tiffany Avenue will officially move forward following the securing of $60 million in construction financing. Located in the Longwood neighborhood of The Bronx, the 100% affordable residential project will rise a total of eight stories, replacing a privately owned vacant lot and a private parking lot.
YIMBY has the first rendering for yet another new building coming to Bushwick, Brooklyn, at 1601 Dekalb Avenue. The project is under development by Camber Property Group.