Excavation is progressing at 126 East 57th Street, the site of a 28-story residential building on Billionaires’ Row in Midtown East, Manhattan. Designed by ODA Architecture and developed by MRR Development under the MRR 1326 LLC, the 346-foot-tall structure will yield 147 condominium units spread across 170,000 square feet with interiors by Gabellini Sheppard, as well as 5,000 square feet of lower-level retail space. WSP USA is the engineer and Plaza Buildings is the general contractor for the project, which is being constructed on an L-shaped parcel at the corner of East 56th Street and Lexington Avenue. The narrow panhandle section of the building’s footprint will extend north to East 57th Street. ODA is also in charge of designing the interiors.
Verus Development will receive a $56.8 million incentives package to facilitate the completion of a new affordable rental property for low-income seniors at 345 McLean Avenue in Yonkers, New York. The 12-story building will feature 105 apartment in studio, one-, and two-bedroom layouts, all reserved for seniors 62 years and older with an income at or below 60 percent of the area median income.
The affordable housing lottery has launched for 3029 and 3031 Bronxwood Avenue, a pair of four-story residential buildings in Williamsbridge, The Bronx. Designed by Badaly Architects and developed by Arlind Kastrati under the 3031 Bronxwood Realty LLC, the structures yield 16 residences total. Available on NYC Housing Connect are six units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $74,229 to $156,130.
Permits have been filed for a four-story residential building at 702 Hancock Street in Bedford-Stuyvesant, Brooklyn. Located between Malcolm X Boulevard and Patchen Avenue, the interior lot is a short walk to the Gates Avenue subway station, serviced by the J and Z trains. 702 Hancock Works LLC is listed as the owner behind the applications.
180 East 88th Street, the tallest residential building north of 72nd Street on Manhattan’s Upper East Side, is now offering new pricing for the building’s remaining condominiums. Nestled in the Carnegie Hill neighborhood, the new development designed and developed by Joe McMillan’s DDG comprises 47 half- and full-floor homes ready for immediate occupancy and an expansive amenity collection.