This week the city’s Department of Housing Preservation and Development (HPD) announced $13.6 million in housing tax credits was awarded to seven developments. These projects will be responsible for creating and preserving 583 affordable units throughout the city.
Permits have been filed by TF Cornerstone for two adjacent towers in Long Island City, Queens. Applications detail a 39-story mixed-use building at 2-10 54th Avenue at the intersection of 54th Avenue and 2nd Street, and a 34-story mixed-use structure at 55-01 2nd Street located between the Newtown Creek and 54th Avenue. Both sites are within walking distance of the Vernon Boulevard-Jackson Avenue subway station, serviced by the 7 train.
Exterior work is wrapping up on 130 William Street, an 800-foot-tall residential skyscraper in the Financial District and number 14 on our annual construction countdown. Designed by David Adjaye of Adjaye Associates and developed by Lightstone with Hill West Architects as the architect of record, the 66-story project recently began closings for its 242 units, which are being marketed by Corcoran Sunshine. Prices are expected to range from around $1,300,000 for a one-bedroom apartment to $20,000,000 for a four-bedroom, full-floor penthouse.
The Landmarks Preservation Commission (LPC) is now reviewing updated proposals to renovate the landmarked Episcopal St. James Church and redevelop the parish’s campus at 2500 Jerome Avenue in the Fordham section of The Bronx. The updates arrive as an attempt to strengthen the dialogue between the religious structure and the proposed residential building.
The affordable housing lottery is now open for Uptown 6, a collection of 32 renovated rental units in across several buildings including 118 West 139th Street, 123 West 112nd Street, 30 West 132nd Street, 281 West 118th Street, 120 West 139th Street, and 122 West 139th Street in Manhattan’s West Harlem neighborhood. Available on NYC Housing Connect are a mix of studios, one-, two-, three-, and four-bedroom units for residents at 80 percent of the area median income, ranging in eligible income from $48,480 to $120,080.