Renderings have been revealed of the two-towered, 1,350-unit mixed-use project planned at 260 South Street, on the Lower East Side. As currently proposed, the towers would stand 69 and 62 stories in height, rising 798 feet and 728 feet to their roofs, respectively. Twenty-five percent of the units would rent at below-market rates through the affordable housing lottery, the Lo-Down reported, and some senior housing will also be incorporated. Plans are still in place to expand the ground-floor retail footprint of the existing 26-story Section 8 residential buildings, called Lands End II, at 265 Cherry Street and 275 Cherry Street, which contain a total of 491 apartments. Renovations will be made to existing park spaces.
The City Council has voted to approve a 15-story, 400-unit mixed-use development planned at 127 East 107th Street, located on the southern end of East Harlem. The vote essentially represents the completion of the city’s Uniform Land Use Review Procedure (ULURP) for the project, which awaits Mayor Bill de Blasio’s signature. The project, dubbed Lexington Gardens II, will encompass 411,725 square feet and will be built on much of the block bound by East 107th and 108th streets and Park and Lexington avenues.
Construction has topped out and is quickly wrapping up on the six-story, 102-unit mixed-use building under development at 5 Blue Slip as part of the Greenpoint Landing mega-development, in northern Greenpoint. All of the building’s apartments will rent at below-market rates through the affordable housing lottery; applications for them have just launched.
Excavation work is underway on the site of a planned 12-story, 110-unit mixed-use building at 79 Avenue D, in the Alphabet City section of the East Village. The developer, L+M Development Partners, has also secured $52.8 million in construction financing. The latest building permits indicate the project will encompass 114,422 square feet and rise 120 feet above street level, not including the bulkhead.
Joint venture PH Urban Renewal, comprised of developers L+M Development Partners and Low-Income Housing Corporation, is proposing to develop a mixed-use tower at 25 Columbus Drive, in the Paulus Hook section of Jersey City. At this point, the project is expected to include up to 750 residential units, of which five percent (37 units) would be designated as affordable, the Jersey Journal reported. The tower’s base would feature a 35,000-square-foot, 200-student privately-funded public school for levels pre-K through first grade.