Affordable housing projects are cropping up on vacant lots all over the South Bronx, and today’s development will rise at 294 East 162nd Street, between Morris and Teller avenues in Melrose.
In March, Charney Construction and Development paid $80 million for one of the largest remaining residential development sites in Williamsburg. The one-acre site had belonged to the Dime Savings Bank of Williamsburgh, which unloaded all of its property except for the iconic Neo-Classical bank at the foot of the Williamsburg Bridge.
On the heels of news of a 66-story, 718-foot-tall building planned at 260 South Street, there is more high-rise news from the Lower East Side. It has been revealed that, in the spring, the Starrett Corporation filed pre-applications with the Department of City Planning for a 60-story, 741-unit residential tower at 271-283 South Street, located on the corner of Clinton Street. The preliminary plans, which the developer states are in the exploratory stage, indicate the building would measure 620,000 square feet, the Lo-Down reported. Since the project is also expected to benefit from the city’s Mandatory Inclusionary Housing (MIH) program, at least 20 percent of the units will be designated as affordable housing. Air rights first have to be transferred to the site from around the block. The 20,177-square-foot property is currently vacant. The East Broadway stop on the F train is located four blocks away.
Two Bridges Associates (a partnership between L+M Development Partners and the CIM Group) filed pre-applications earlier this year with the Department of City Planning for a 66-story, 1,400-unit residential tower at 260 South Street, on the Lower East Side. The building, which is in the early stages of development, will encompass 1.1-million square feet and stand 718 feet in height, the Lo-Down reported. Twenty-five percent of the project’s residential units, or 350 apartments, will be designated as affordable housing. The structure would be built on an existing parking lot along South Street. An underground parking garage would be built to retain the spaces. In addition to a new tower, the project includes expanding the retail footprint on the ground floors of 265 Cherry Street and 275 Cherry Street, two existing 26-story residential towers (called Lands End II) with 491 apartments located on the northern end of the property. Rutgers Park, located on the western end, is also expected to see a renovation. It’s unclear whether the project requires approval via the city’s Uniform Land Use Review Procedure (ULURP).
Construction is wrapping up on the two-story, 3,080-square-foot commercial-retail building under development at 76 East Houston Street, on the corner of Elisabeth Street in NoHo. A photo of the new building, which was just a single story above street level in February of 2015, can be seen in a Bowery Boogie update. The structure will host 2,928 square feet of commercial-retail space, according to the latest building permits. The ground floor will contain a 775-square-foot unit and the second floor will have a 680-square-foot unit, according to the aforementioned update. Amenities include a rooftop recreational area and storage space. Goldman Properties is the developer and TriBeCa-based Gary H. Silver Architects is the architect of record. Occupancy can probably be expected in the next few months.
