The affordable housing lottery has launched for 114 East 198th Street, a five-story residential building in Fordham, The Bronx. Designed by Baobab Architects and developed by Joel Mandel under the 114 East 198 BSD, LLC, the structure yields 20 residences. Available on NYC Housing Connect are 20 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $105,223 to $181,740.
Permits have been filed for a six-story residential building at 772 Myrtle Avenue in Bedford-Stuyvesant, Brooklyn. Located between Nostrand and Marcy Avenues, the lot is steps from the Myrtle-Willoughby Avenues subway station, served by the G train. New York City Department of Housing Preservation and Development is listed as the owner behind the applications.
Renovation and expansion work is complete on 67 Vestry Street, a 13-story residential building in Tribeca, Manhattan. Designed by BP Architects and developed by Iliad Realty Group, the project involved the restoration of the Romanesque-style stone façade, gut renovation of its interiors, and the construction of four new stories above the original roofline. The 115-foot-tall structure spans 88,712 square feet and yields 13 condominium units. The property is located at the corner of Vestry and West Streets, directly across from Hudson River Park.
Construction is finished on The Lionheart, an eight-story transitional housing complex at 92-62 Queens Boulevard Rego Park, Queens. Designed by Aufgang Architects and developed by Slate Property Group, the 83-foot-tall structure spans 57,407 square feet and yields 88 affordable rental units with an average scope of 798 square feet, as well as a community space with a 591-square-foot daycare center, a cellar level, and a 30-foot-long rear yard. A portion of the units are reserved for residents with mobility, hearing, and visual impairments. The property is located on an interior lot between Eliot and 62nd Avenues.
A new all-affordable apartment complex was recently approved for 30 Water Street in Ossining, Westchester County, on the former site of the Village Department of Public Works property. Developer WBP Development LLC received final approval for financial assistance from the Westchester County Industrial Development Agency on August 29. The $94 million project was designed to transform the former industrial site into a fully affordable housing development.
