The New York City Housing Authority (NYCHA) has formally announced its development partners who will help complete a major rehabilitation project at Edenwald Houses, one of the oldest and largest public housing developments in the agency’s portfolio. The portfolio comprises 40 residential buildings spread across 48 acres in the Edenwald section of The Bronx.
Camber Property Group has completed a $105 million acquisition of three Project Based Section 8 affordable housing complexes formerly owned by Omni New York. The three properties include Grace Towers, a 168-unit building in East New York, Brooklyn; Target V Apartments in the Morris Heights section of The Bronx; and Madson Apartments in East Harlem.
Permits have been filed for a three-story residential building at 2670 Schurz Avenue in Throgs Neck, The Bronx. Located between Buttrick Avenue and Davis Avenue, the waterfront lot is within walking distance of Ferry Point Park. Peter Serpico of Vertical Community Development is listed as the owner behind the applications.
Construction is now complete at Park Avenue Apartments, a mixed-income affordable housing property in Claremont, The Bronx. Located at 3500 Park Avenue, the seven-story building comprises 115 units of affordable housing, including 69 units with supportive services funded through the Empire State Supportive Housing Initiative.
Property Resources Corporation and Camber Property Group recently hosted a ribbon-cutting ceremony for Tiffany Street Apartments in the South Bronx. The affordable housing property is located at 975 Tiffany Street and comprises 161 apartments for low-income families.
