As Mayor Bill de Blasio’s affordable housing plan kicks into high gear, more developers are pushing through big, subsidized rental projects in the outer boroughs. Today we’ve got a look at a two-building, 14-story development planned for a forlorn, industrial area of the South Bronx.
New renderings have been revealed of the redesigned eight-story, 22-unit mixed-use project under development at 75 First Avenue, located between East Fourth and Fifth streets in the East Village. The project’s developer, Colonnade Group, is expecting the building’s condominiums to sell for a combined $42 million, The Real Deal reported. The latest building permits indicate the structure will encompass 30,058 square feet and rise 80 feet to its main roof.
Last month, the City of Bayonne’s Planning Board approved plans for a five-story, 65-unit residential project at 676-688 Avenue E, located near East 43rd Street in Bayonne, N.J. The new building will rise 69 feet and contain a mix of one-, two-, and loft-style apartments, Jersey Digs reported. Amenities will include a fitness center, a roof deck, a lounge and a 71-car parking garage. The development site is currently occupied by two single-story commercial buildings. A construction timeline has not been revealed, although the developer, Art Kheyman, stated construction would begin “soon after” final approvals were granted.
An anonymous Rosyln, N.Y.-based LLC has filed applications for two four-story, 60-key hotels at 268-272 Williams Avenue, on the western end of East New York. The buildings will measure 25,399 square feet each. Across both, hotel rooms should average 250 square feet apiece and will be located across the cellar through fourth floors. Manish Savani’s Jamaica-based firm is the architect of record. The 15,000-square-foot property is vacant.