The affordable housing lottery has launched for 2724 Heath Avenue, a seven-story residential building in University Heights, The Bronx. The 51,610-square-foot development was designed by Marin Architects and developed by Stagg Group, and yields 64 units. Available on NYC Housing Connect are 28 units for residents at 120 percent of the area median income (AMI), ranging in eligible income from $56,572 to $154,680.
Construction is progressing on 685 Fifth Avenue, a 100,000-square-foot office-to-condominium conversion in Midtown, Manhattan. Designed by Marin Architects and developed SHVO in partnership with BLG Holdings and Deutsche Financial, the project involves the addition of ten floors atop the existing existing 20-story structure, bringing it to a total height of 350 feet tall. The $135 million project will yield 69 condominium units designed by March & White and managed by Mandarin Oriental Hotel Group, as well as retail space with Fifth Avenue frontage marketed by Brookfield Properties. The property is located at the corner of Fifth Avenue and East 53rd Street.
In an exclusive reveal, a new rendering from Marin Architects illustrates a 12-story rental building in the Highbridge section of The Bronx. Located at 1245 Edward L. Grant Highway, construction is expected to break ground this summer.
Permits have been filed for a 10-story residential building at 3184 Webster Avenue for Norwood, The Bronx. Located between East 205th Street and Parkside Place, the lot is three blocks east of the 205th Street subway station, serviced by the D train. Stagg Group is listed as the owner behind the applications.
Permits have been filed for a 12-story residential building at 1245 Edward L. Grant Highway in Highbridge, The Bronx. Located between Jerome Avenue and West 168th Street, the interior lot is five blocks west of the 167th Street subway station, serviced by the B and D trains. Stagg Group is listed as the owner behind the applications.