Non-profit housing developer Phipps Houses closed on $217 million in construction financing for the first phase of Atlantic Chestnut, a massive three-phase development in Brooklyn. When completed, Atlantic Chestnut will bring 1,200 affordable housing units to the East New York neighborhood under the 2016 East New York Rezoning. With Dattner Architects handling design, the Atlantic Chestnut development will consist of three mid-rise apartment buildings featuring affordable apartments, 60,000 square feet of commercial and community facility space, attended parking for 200 cars, and residential amenities comprising of a gym, children’s playroom, a lounge, a party room, and landscaped courtyards and roof deck. The project is being built by Monadnock Construction.
The affordable housing lottery is now open for Metcalf Avenue Apartments, a 12-story mixed-use development at 1230 Metcalf Avenue in Soundview, The Bronx. The 219,546-square-foot corner building is designed by Dattner Architects and co-developed by The Acacia Network and Phipps Houses and will yield a total 249 units in a mix of studios, one-, two-, and three-bedroom units. Available on NYC Housing Connect are 223 apartments for residents at 30 to 110 percent of the area median income, ranging in eligible income from $14,640 to $155,100.
A seven-story, fully affordable housing complex may be coming to Sunnyside, Queens. Led by non-profit developer Phipps Houses, the 167-unit building is proposed for 50-25 Barnett Avenue. Last week the local Community Board 2 voted in favor of the rezoning application needed to move forward on the project for residents with incomes between 40 and 80 percent of the area median income (AMI).
Detailed proposals contained within an environmental assessment statement reveal plans to construct a mixed-use affordable housing building in Sunnyside, Queens. Located at 50-25 Barnett Avenue, the eight-story building could yield 167 to 189 residential units, 170 parking spaces, and 5,323 square feet of office area that will be reserved for non-profit use.
Permits have been filed for three mixed-use buildings at 20-12 and 21-02 Mott Avenue, and 17-21 Redfern Avenue in Far Rockaway, Queens. The three structures are part of Phase 3 of the Rockaway Village complex, a five-phase development bringing eight buildings with retail, community facilities, and 1,700 new affordable housing units to an under-utilized area near the Far Rockaway-Mott Avenue subway station, serviced by the A train. Non-profit developer Phipps Houses under the Mott Center, LLC is listed as the owner behind the applications. Marvel Architects is listed as the architect of record.