Greenpoint‘s latest affordable housing property will soon take shape at 35 Commercial Street following the acquisition of $170 million in construction financing. The forthcoming property is located within the Greenpoint Landing mega-complex in north Brooklyn and will eventually introduce 374 affordable housing units to the neighborhood.
The New York City Council recently voted to approve rezoning as part of the Uniform Land Use Review Procedure (ULURP) process for 30-02 Newtown Avenue in Astoria, Queens. Originally zoned R7A, the property has since been up zoned to R8A with a 7.2 floor area ratio. Lynest Associates LLC is listed as the owner with Nexjen Real Estate as the representative in the ULURP process.
The affordable housing lottery has launched for 455 Onderdonk Avenue, a five-story residential building in Ridgewood, Queens. Designed by Chang Hwa Tan Architect, the structure yields 16,381 square feet and 15 residences. Available on NYC Housing Connect are five units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $$61,715 to $167,570.
At a ceremony on June 23, the final steel beam for the Ronald O. Perelman Performing Arts Center was signed and lifted into place atop the Financial District structure. Designed by REX with Davis Brody Bond Architects as the executive architect and developed by an independent non-profit company called The Perelman, the cubic performance building stands 138 feet tall at the northern end of the original 16-acre World Trade Center complex, bound by Greenwich Street to the east, Vesey Street to the north, Fulton Street to the south, and Skidmore Owings & Merrill‘s One World Trade Center to the west.
The Department of Housing Preservation and Development (HPD) is now in search of a development partner to accelerate Resilient Edgemere, a major initiative to reinvigorate the Edgemere section of the Rockaways. The primary objective of the plan is to advance development of mixed-use, residential, and affordable housing properties in the community.