The Department of City Planning is reviewing proposals to construct a 4.65-acre mixed-use affordable housing development near the Metro-North Station in Wakefield, The Bronx. If approved, the six-building complex would create approximately 1,200 income-restricted apartments, 28,000 square feet of retail space, 87,000 square feet of community facilities, 130,000 square feet of publicly accessible open space, and 600 parking spaces.
Breaking Ground and the African American Planning Commission Inc. recently celebrated the opening of their co-developed residential property at 7 Livonia Avenue in Brownsville, Brooklyn. Known as Edwin’s Place, the property comprises 125 units of affordable and supportive housing in addition to new community space and ground-floor retail.
The next phase of development at 2856 Webster Avenue, a new affordable housing complex in Bedford Park, The Bronx will introduce a sprawling new grocery store operated by Cherry Valley Marketplace. The retailer has committed to operate under guidelines established New York City’s Food Retail Expansion to Support Heath (FRESH) program, which promotes the establishment and retention of grocery stores that dedicate required selling space to perishable food items within underserved communities.
L&L Holding Company and Columbia Property Trust have successfully closed on $1.25 billion in construction financing to complete a commercial overhaul of Terminal Warehouse in Chelsea, Manhattan. Led by COOKFOX Architects, the property will eventually house a mix of Class A office suites, retail space, and dining area.
Foundation work is progressing on 555 Greenwich Street, a 16-story office building in Hudson Square. Formerly addressed as 561 Greenwich Street, the structure will yield 270,000 square feet and will connect on nearly every floor with the adjacent 345 Hudson Street. The project is designed by COOKFOX Architects and developed by the joint venture Hudson Square Properties, which includes Trinity Church Wall Street, Norges Bank Investment Management, and Hines, and is planned to debut as one of the city’s most sustainable buildings.