The affordable housing lottery has launched for 27 Brighton 11th Street, a seven-story mixed-use building in Brighton Beach, Brooklyn. Designed by RSLN Architecture and developed by Vahe Sahakyan of Build R US Corp., the structure yields 16 residences. Available on NYC Housing Connect are five units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $80,058 to $250,380.
Permits have been filed for a four-story residential building at 1410 Vyse Avenue in Crotona Park East, The Bronx. Located between Freeman Street and Jennings Street, the lot is a short walk from the Freeman Street subway station, serviced by the 2 and 5 trains. Moses Ostreicher under the 1410 Vyse LLC is listed as the owner behind the applications.
Construction has topped out on Jasper, a 13-story residential building at 2-33 50th Avenue in the Hunters Point district of Long Island City, Queens. Designed by S9 Architecture and developed by The Domain Companies, LMXD, Bridge Investment Group, and The Vorea Group, the 125-foot-tall structure will span 550,000 square feet and yield 499 units in studio to three-bedroom layouts with 150 reserved for affordable housing, as well as 40,000 square feet of retail space, 503 square feet for a community facility under the Brownfield Award, 111 enclosed parking spaces, and a 30-foot-long rear yard. The $370 million project is alternately addressed as 49-20 5th Street and is bound by 49th Avenue to the north, 50th Avenue to the south, and 5th Street to the east.
New York City Mayor Eric Adams, New York Governor Kathy Hochul, and the Port Authority of New York and New Jersey have announced a project that will transform the 122-acre Brooklyn Marine Terminal into a modern port and mixed-use community hub in Red Hook, Brooklyn. The project is projected to create thousands of jobs and generate substantial economic impact. The city will invest $80 million to stabilize piers and $15 million for the addition of an electrified container crane. Beyond that, Governor Hochul has committed $15 million from state funds for a cold storage facility to be constructed.
The affordable housing lottery has launched for 1510 Broadway, an eight-story residential building in Bedford-Stuyvesant, Brooklyn. Designed by Gluck+ and developed by MacQuesten Development, the structure yields 108 residences. Available on NYC Housing Connect are 90 units for residents at 30-80 percent of the area median income (AMI), ranging in eligible income from $19,578 to $154,080.
