BRP Companies and its development partners have closed on a $294 million construction loan to complete a new 477-unit rental building in downtown New Rochelle. Located at 500 Main Street, the collection of homes will range from studios up to two-bedroom accommodations including 119 affordable housing units.
This week, city agencies announced the completion of Alberta Place, a new $12.3 million affordable housing complex for adults 55 years old and above. The property is located at 64 Amsterdam Avenue in Amherst, New York and was developed by Belmont Housing Resources for WNY with support from the New York State Homes and Community Renewal.
A rendering has been revealed of the 11-story, 181-affordable-unit mixed-use building planned at 4511 Third Avenue, in the Belmont section of the Bronx. The 294,207-square-foot, thru-block development (consisting of seven- and 11-story components), will host 57,549 square feet of medical space on the ground and second floors and 10,127 square feet of ground-floor retail, as YIMBY reported in February. The rental apartments above, all of which will rent at below-market rates, should average 928 square feet apiece. Amenities include a 128-car garage, storage for 96 bikes, laundry facilities, and multiple outdoor terraces. The SBH Health System (St. Barnabas Hospital, located across the street) will utilize the medical space, as well as operate a 10,800-square-foot terrace geared towards exercise for the building’s tenants.
Details and a rendering have been revealed for a seven-story, 82-unit affordable residential building planned at 775 Crotona Park North (a.k.a. 1784 Prospect Avenue), in the West Bronx’s Tremont section. Dubbed Crotona Senior Residences, it will comprise entirely of affordable housing geared specifically to LGBT seniors (although all elderly people, regardless of orientation, will be allowed to apply), Welcome2TheBronx reported. It will also include a supportive facility with services for residents in the building and around the community. New building applications have not yet been filed, but Magnusson Architecture and Planning is the design architect.