The affordable housing lottery has launched for 1769 Jerome Avenue, a 16-story mixed-use building in Morris Heights, The Bronx. Designed by Marvel Architects and developed through the Jerome Housing Development Fund, the structure yields 175 residences. Available on NYC Housing Connect are 60 units for residents at 60 to 80 percent of the area median income (AMI), ranging in eligible income from $34,972 to $118,400.
Permits have been filed for a ten-story mixed-use building at 188 East 135th Street in Mott Haven, The Bronx. Located between the Major Deegan Expressway and Harlem River waterfront, the lot is near the 138 Street-Grand Concourse subway station, serviced by the 4 and 5 trains. Jacob Sofer under the 101 Macombs Place LLC is listed as the owner behind the applications.
Excavation has finally begun at 262 Fifth Avenue, the site of a long-planned 1,011-foot-tall residential supertall skyscraper in NoMad. Designed by Russian-based firm Meganom with SLCE Architects as the executive architect and developed by Boris Kuzinez of Five Points Development under the Five Points 262 Project, LLC, the 60-story tower will yield 139,168 square feet of residential space divided into 41 units and 10,850 square feet of retail space on the first two floors. CM & Associates Construction Management, LLC is the general contractor for the project, which is located at the corner of Fifth Avenue and West 29th Street.
The Department of City Planning is currently reviewing plans to construct a new seven-story mixed-use building at 3285 Fulton Street in Cypress Hills, Brooklyn. Presented in partnership by Cypress Hills Local Development Corporation and MHANY Management, the development would include a new daycare facility and 33 affordable homes for seniors.
The affordable housing lottery has launched for Capstone Condominiums, a nine-story mixed-use residential building at 940 Myrtle Avenue in Bedford-Stuyvesant, Brooklyn. Designed by Fischer + Makooi Architect, the structure has 24 newly built condo units available on NYC Housing Connect. Eligibility is open to first-time buyers at 60 to 80 percent of the area median income (AMI), ranging in income from $37,500 to $103,120.