Housing Lottery Launches for 388 Vernon Avenue in Bed-Stuy, Brooklyn

The affordable housing lottery has launched for 388 Vernon Avenue, a five-story residential building in Bedford Stuyvesant, The Bronx. Designed by Issac & Stern Architects and developed by Farhad Bokhour, the structure yields 27 residences. Available on NYC Housing Connect are three units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $104,572 to $181,740.

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Façade Installation Progresses On 262 Fifth Avenue in NoMad, Manhattan

Façade installation is progressing on 262 Fifth Avenue, a slender 56-story residential skyscraper in NoMad, Manhattan. Designed by Meganom with SLCE Architects as the executive architect and developed by Boris Kuzinez of Five Points Development under the Five Points 262 Project LLC, the 860-foot-tall structure will yield 26 condominium units with an average scope of 3,200 square feet, including at least one quadruplex unit. The project stands on a 5,000-square-foot plot at the southwest corner of Fifth Avenue and West 29th Street.

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Photograph from opening of 126 West 126th Street, courtesy of the New York Foundling & Harlem Supportive Housing

Supportive Housing Complex Completes Construction at 126 West 126th Street In Harlem, Manhattan

The New York Foundling has completed construction on 126 West 126th Street, a 17-story residential tower in Harlem, Manhattan that plans to serve as a new model for helping youth transitioning out of foster care and the shelter system. The project was developed in collaboration between BRP Companies, L+M Development Partners, Taconic Partners, and The Prusik Group. Financing came from New York State, Goldman Sachs, Santander Bank, and Redstone Equity Partners.
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