New York City Mayor Eric Adams recently announced the creation of the GreenHOUSE Fund, which will aim to assist rent-regulated apartment buildings and low-income co-ops in their efforts to decarbonize. If approved, the fund will work to improve air quality in disadvantaged communities with high asthma rates while simultaneously moving the city and state closer to achieving emissions reduction and equity goals.
Occupancy has begun for The Plains, a nine-story affordable and supportive housing project at 4519 White Plains Road in Wakefield, The Bronx. Designed by OCV Architects and developed in collaboration between The Doe Fund and Robert Sanborn Development, the 82,465-square-foot structure yields 98 apartments, with 20 units reserved for adults age 62 and older. The $51.6 million project is located between East 239th and 240th Streets.
Atlas, a 24-story rental building at 270 Johnston Avenue in Jersey City, New Jersey, officially opened with a ceremonial ribbon cutting on September 12. Designed by MHS Architecture and developed by Alpine Residential and Fields Grade, the structure will yield 169 units in studio to three-bedroom layouts, with many offering private outdoor space. The property is located between Maple/Garabrant Street and Communipaw Avenue, in close proximity to Liberty State Park.
Developer Beitel Group has secured a $135 million construction loan to complete two adjacent residential projects at 261 and 315 Grand Concourse in Mott Haven, Bronx. Designed by S. Weider Architect PC, the 14-story structures will span a combined 348,000 square feet and yield 405 rental units in studio to two-bedroom layouts, as well as 136 parking spaces and a 5,100-square-foot shared recreation space. The buildings will rise from a triangular parcel bound by East 138th Street to the south, Grand Concourse to the east, and Walton Avenue to the west.
