The Bronx

Rendering of Estela - Courtesy of VUW

Affordable Housing Lottery Launches for The Estela at 414-445 Gerard Avenue in Mott Haven, The Bronx

The Domain Companies has launched an affordable housing lottery for apartments at The Estela, a two-building rental complex in the Mott Haven section of the South Bronx. Located at 414 and 445 Gerard Avenue, the property contains a mix of 380 market-rate units, 164 affordable apartments, 35,000 square feet of tenant amenities, and about 9,000 square feet of ground-floor retail space, which will include a grocery store.

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Rendering of The Peninsula affordable housing campus - WXY Architecture + Urban Design

Developers Secure $297M to Complete Phase Two of The Peninsula Affordable Housing Complex in Hunts Point, The Bronx

Gilbane Development Company, Hudson Companies, and MHANY Management have secured $297 million to complete phase two of The Peninsula, a mixed-use, 100-percent affordable housing complex in Hunts Point, The Bronx. The five-building master plan is being designed by WXY Architecture + Urban Design and Body Lawson Associates, Architects & Planners and will be delivered in three phases.

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Excavation Underway for Holiday Inn Express at 4729 Third Avenue in Belmont, The Bronx

Excavation is underway at 4279 Third Avenue, the site of a nine-story Holiday Inn Express by InterContinental Hotels in the Belmont section of The Bronx. Designed by Michael Kang Architect and developed by Neelam Chadha, the 172-foot-tall structure will span 43,789 square feet and yield 86 guest rooms. Supreme Builders Corp. is the general contractor and 2918 Arnow Real Estate Group is the owner of the 6,229-square-foot property, which is bound by Third Avenue to the east, Park Avenue to the west, and East 188th Street to the south.

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Housing Lottery Launches for 4180 Carpenter Avenue in Wakefield, The Bronx

The affordable housing lottery has launched for 4180 Carpenter Avenue, a five-story mixed-use building in Wakefield, The Bronx. Designed by Marin Architects and developed by Mark Stagg of RYTY Home Builders, the structure yields 92 residences. Available on NYC Housing Connect are 28 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $75,395 to $198,250.

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