Fairstead and LIHC are working in partnership to complete major upgrades and facility improvements across 13 affordable housing buildings in Newark, New Jersey. Referred to as the Essex Plaza portfolio, the collection of buildings comprises 691 affordable apartments, many of which are reserved for senior households.
The affordable housing lottery has launched for 2955 Brighton 5th Street, a six-story residential building in Brighton Beach, Brooklyn. Designed by Zarina Kindo’s Brooklyn-based Arcon Studio, the structure yields 15,795 square feet with 20 residences. Available on NYC Housing Connect are six units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $63,429 to $167,570.
Permits have been filed for a seven-story residential building at 240 West 123rd Street in Harlem, Manhattan. Located between Adam Clayton Powell Jr. Boulevard and Frederick Douglass Boulevard, the lot is two blocks from the 125th Street subway station, serviced by the 2 and 3 trains. Tomas Machiavello of Freres, Inc. is listed as the owner behind the applications.
The figures for new Department of Building project filings in New York City for the second and third quarter of 2021 are in, and the results are positively impressive. During the half-year period spanning April through September, builders have filed new permits for a total of 1,023 buildings, which range from skyline-altering skyscrapers to humble single-car garages. The total volume of these proposals adds up to 21,111,222 square feet, much of which will be residential space. Upon completion, the buildings will add a combined 19,052 residences, an impressive number even if it still falls short of the city’s dire need for new housing. The full Excel spreadsheet of all Q2 and Q3 2021 applications is available with purchase of the Building Wire subscription.
The affordable housing lottery has launched for 50 Clarkson Avenue, a nine-story residential building in Flatbush, Brooklyn. Designed by ND Architecture and Design, the structure yields 97 residences. Available on NYC Housing Connect are 14 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $72,000 to $167,570.
