The affordable housing lottery has launched for 60 Fulton Street, a 23-story mixed-use building at 54-56 Fulton Street in Manhattan’s Financial District. Designed by Hill West Architects and developed by Parkland Group and Socius Development Group, the structure yields 120 residences. Available on NYC Housing Connect is a waiting list to fill four current and ongoing vacancies for the 30 affordable units allotted to residents at 40 to 130 percent of the area median income (AMI), ranging in eligible income from $24,378 to $187,330.
Socius Development Group
The affordable housing lottery is now open for Roosevelt Parc, a 15-story mixed-use development at 37-46 72nd Street in Jackson Heights, Queens. Developed by partners Werber Real Estate and Socius Development Group and designed by Marvel Architects, the building yields a total 154 units in a mix of studios, one-, two-, three-, and four-bedroom units. Available on NYC Housing Connect are 34 apartments for residents at 130 percent of the area median income, ranging in eligible income from $38,435 to $183,300.
The blocks of Jackson Heights offer some the densest real estate in Queens outside of its most urban cores like Long Island City and Jamaica, and today, we have the reveal for another new project coming to the neighborhood. YIMBY last reported on 71-17 Roosevelt Avenue back in December of 2014, when initial new building applications were filed, but now we have an update on the design and the development team, comprised of Scott Aaron’s Socius Development, and Werber Real Estate.
Construction has topped out on the 23-story, 120-unit mixed-use building under development at 56 Fulton Street, located on the corner of Cliff Street in the Financial District. Progress on the structure, including façade installation, can be seen thanks to photos posted to the YIMBY Forums. The latest building permits indicate the 128,540-square-foot tower stands 237 feet to its main roof, or 272 feet to the top of its bulkhead. There will be 5,865 square feet of retail space on the ground floor, followed by rental apartments, averaging 797 square feet apiece. Twenty percent of the apartments, or 24 units, will rent at below-market rates through the affordable housing lottery. The Parkland Group and Socius Development Group are the developers. Goldstein, Hill & West Architects is behind the design and completion is expected next year.
The 23-story, 120-unit mixed-use building under development at 56 Fulton Street, in the Financial District, is now a floor away from topping out. The structure can be seen in a photo posted to the YIMBY Forums. The project will eventually encompass 128,540 square feet. It will feature 5,865 square feet of ground-floor retail space, followed by 120 rental apartments. The units will range from studios to two-bedrooms, twenty percent (24 units) of which will rent through the affordable housing lottery. The Parkland Group and Socius Development Group are developing. Goldstein, Hill, & West Architects are behind the architecture. Completion is expected next year.