The affordable housing lottery has launched for 140 West Fordham Road, a seven-story residential building in University Heights, The Bronx. Designed by Marin Architects and developed by Stagg Group, the structure yields 54 residences. Available on NYC Housing Connect are 18 units for residents at 120 percent of the area median income (AMI), ranging in eligible income from $56,572 to $154,680.
The final touches are underway on 425 Park Avenue, an 897-foot-tall commercial skyscraper in Midtown East and number 14 on our year-end countdown. Designed by Norman Foster of Foster + Partners for L&L Holding Company, Tokyu Land Corporation, and co-managing partner BentallGreenOak, the 47-story building yields around 667,000 square of office space, as well as a ground-floor restaurant run by world-renowned Chef Daniel Humm, proprietor of the Three Michelin-starred Eleven Madison Park. Tishman Construction is the general contractor of the Midtown, Manhattan property, which is bound by Park Avenue to the west, East 55th Street to the south, and East 56th Street to the north. The structure is expected to achieve LEED Gold certification and debut as New York City’s first WELL-certified building.
L+M Development Partners, Bluestone Organization and Triangle Equities have closed on $30.3 million in financing to complete the first phase of Arverne East, a forthcoming master-planned community in the Rockaways.
Permits have been filed for a 46-story mixed-use building at 30-05 Queens Boulevard in Long Island City, Queens. Located at the intersection of Queens Plaza East and Queens Boulevard, the L-shaped lot is adjacent to the Queens Plaza subway station, serviced by the E, M, and R trains. Adam Good of Largavista Companies is listed as the owner behind the applications.
Permits have been filed for a nine-story residential building at 1824 Anthony Avenue in Tremont, The Bronx. Located between East 175th Street and East 176th Street, the lot is closest to the Tremont Avenue subway station, serviced by the B and D trains. Bimi Selimaj of Propco LLC is listed as the owner behind the applications.