Permits have been filed for a 19-story residential building to be used for shelter housing at 280 East 161st Street in Concourse Village, The Bronx. Located near the intersection of East 161st Street and Morris Avenue, the lot is near the 161st Street-Yankee Stadium subway station, serviced by the 4 train. Dimitrios Katehis of Gilbane Development Co. is listed as the owner behind the applications.
Gilbane Development Company
The affordable housing lottery has launched for Linden Grove Senior Residences, a 13-story residential buildings at 223 Linden Street in Bushwick, Brooklyn. Developed by Blue Sea Development Company and Gilbane Development Company, the structure yields 153 residences. Available on NYC Housing Connect are 80 units for residents at 50 percent of the area median income (AMI), ranging in eligible income from $72,000 to $167,570.
Last week, development partners Hudson Companies, Gilbane Development Company, and MHANY Management Inc. celebrated the groundbreaking of Phase Two of The Peninsula in Hunts Point, The Bronx at the site of the former Spofford Juvenile Detention Center. The two-building development will offer 100-percent affordable housing, as well as commercial, community facility, and open space.
The Community Lending and Investment division of Wells Fargo has reached a new milestone, $780.3 million in construction financing for affordable housing projects in New York City and Westchester County. The figure represents five loans, all closed in June 2023, the company’s largest-ever half-cycle allocation.
Gilbane Development Company, Hudson Companies, and MHANY Management have secured $297 million to complete phase two of The Peninsula, a mixed-use, 100-percent affordable housing complex in Hunts Point, The Bronx. The five-building master plan is being designed by WXY Architecture + Urban Design and Body Lawson Associates, Architects & Planners and will be delivered in three phases.