The affordable housing lottery has launched for 1686 Weeks Avenue, a six-story residential building in Claremont, The Bronx. Designed by ADB Associates and developed by Israel Frankel of Isra Holdings, the structure yields 25 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 $75,360 to $156,130.
Foundation work is underway at 14 Fifth Avenue, the site of a 19-story residential building in Greenwich Village. Designed by Robert A.M. Stern Architects and Hill West Architects and developed by Madison Realty Capital, which purchased the 5,255-square-foot plot for $27.5 million in 2015, the 241-foot-tall structure will yield 20 condominium units. CM & Associates is the general contractor for the property, which is located between East 8th and East 9th Streets, just north of Washington Square Park.
Construction is now underway at 500 Main Street, the site of a 26-story mixed-use tower in New Rochelle. Designed by Niles Bolton Associates and developed by BRP Companies and the Urban Investment Group of Goldman Sachs Asset Management, the downtown project will yield 620,000 square feet with 477 rental apartments, a church, retail space, and a parking garage with electric vehicle charging stations.
The affordable housing lottery has launched for 915 Elsmere Place Senior Apartments, a nine-story residential building in West Farms, The Bronx. Designed by Marin Architects and developed by Stagg Group, the structure yields 72 residences and 15 parking spaces. Available on NYC Housing Connect are 39 units for residents at 80 to 130 percent of the area median income (AMI), ranging in eligible income from $55,612 to $187,330.
Permits have been filed for a 23-story mixed-use building at 3027 West 21st Street in Coney Island, Brooklyn. Located between Surf Avenue and the Coney Island Boardwalk, the lot is within walking distance of the Coney Island-Stillwell Avenue subway station, serviced by the D, F, N, and Q trains. Jesus Rosado of Istar Inc. is listed as the owner behind the applications.