The development team behind Victory Plaza, a new 100% affordable senior housing project, has successfully closed on $65 million in construction financing to facilitate completion of the project. Located in Harlem at 11 West 118th Street, the building will eventually rise nine stories and comprise 136 rental homes. A total of 41 units will be reserved for the formerly homeless.
New York City Housing Development Corporation
Construction is now underway on a Phase I of a sprawling, mixed-use development in Coney Island, Brooklyn. Located at 1709 Surf Avenue, the complex will eventually deliver 1,000 residential units, 150,000 square feet of retail space, and around 80,000 square feet of office area.
The New York City Economic Development Corporation, the New York City Housing Development Corporation, and the city’s Department of Housing Preservation and Development, along with developer Omni New York, have revealed plans to build a 350-unit mixed-use complex at 92-33 168th Street, located on the corner of 93rd Avenue in downtown Jamaica. All of the project’s residential units will be affordable, Curbed NY reported.