18 West 55th Street Begins Ascent in Midtown, Manhattan

Construction is rising on 18 West 55th Street, a 26-story residential building in Midtown, Manhattan. Designed by Morris Adjmi Architects and developed and built by Skyline Developers, which purchased the property for $83 million in 2017 under the 18 West 55th Street LLC, the 289-foot-tall structure will span 152,084 square feet and yield 97 rental units with an average scope of 1,319 square feet, as well as 6,380 square feet of ground-floor commercial space and a 10,343-square-foot cellar level. The project is located on a formerly vacant interior lot situated next to the Peninsula Hotel between Fifth and Sixth Avenues.

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Render of Warburton Avenue Apartments, courtesy of Thompson & Bender

Yonkers IDA Approves Incentives For Senior Housing Building at 322 Warburton Avenue in Warburton-Ravine

The Yonkers Industrial Development Agency has given its final approval for financial incentives to support the construction of Warburton Avenue Apartments, a six-story senior affordable housing building at 322 Warburton Avenue in Warburton-Ravine, Yonkers. Developed in collaboration by local non-profit the Center for Urban Rehabilitation and Empowerment Inc., Conifer Realty LLC, and the City of Yonkers, the $53.3 million project will yield 93 units affordable senior housing units. The property is located at the intersection of Warburton Avenue and Point Street.

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Affordable Housing Lottery Launches for 1819 Sedgwick Avenue in Morris Heights, The Bronx

The affordable housing lottery has launched for 1819 Sedgwick Avenue, a five-story residential building in Morris Heights, The Bronx. Designed by Bahary Architecture and developed by Gabriel & Juliet Inc., the structure yields nine residences. Available on NYC Housing Connect are seven units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $110,880 to $227,630.

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