Timbale Terrace, an affordable housing development in East Harlem, Manhattan, has received final approval and will now advance to construction financing. The project is a partnership among Mega Group Development, the Lantern Organization, and the New York City Department of Housing Preservation and Development, and will be built on an underutilized City-owned parking lot on Park Avenue between 118th and 119th Streets.
Permits have been filed for a 15-story mixed-use building with affordable housing at 205 East 110th Street in East Harlem, Manhattan. Located between Second and Third Avenues, the lot is one block from the 110th Street subway station on Lexington Avenue, served by the 6 train. Elie Fouerti is listed as the owner behind the applications.
The affordable housing lottery has launched for 1638 Park Avenue, a nine-story residential building in East Harlem, Manhattan. Designed by Marin Architects and developed by Affect Property Group, the structure yields 24 residences. Available on NYC Housing Connect are six units for residents at 40 to 80 percent of the area median income (AMI), ranging in eligible income from $31,818 to $122,000.
Construction is complete on The Labs @ 121, a ten-story Class A office and lab building at 2226 Third Avenue in East Harlem, Manhattan. Designed by New York-based DXA Studio and developed by Real Estate Equities Corporation, the 160,000-square-foot structure is the first new life sciences building in the neighborhood in decades. The property is located between East 121st and 122nd Streets.
