The affordable housing lottery has launched for 5Pointz, a 48-story mixed-use tower at 22-44 Jackson Avenue in Long Island City, Queens. Designed by HTO Architects and developed by G&M Realty, the 1.21 million-square-foot development stands on the site of the former 5Pointz warehouse, and will yield 1,122 units. Available on NYC Housing Connect are 337 units for residents at 130 percent of the area median income, ranging in eligible income from $63,429 to $192,400.
The Yonkers Industrial Development Agency has granted final approvals for a seven-story rental building at 56 Prospect Street. The incentives package is valued at $32.6 million and is awarded to Regency Apartment Ventures, LLC, the Long Island-based developer responsible for the project.
Permits have been filed for an eight-story residential building at 2074 Walton Avenue in Fordham Heights, The Bronx. Located between East Burnside Avenue and East 181st Street, the lot is one block from the Burnside Avenue subway station, serviced by the 4 train. Michael Hunt under the 2074 Walton Realty LLC is listed as the owner behind the applications.
A new set of renderings has been released for Vornado Realty Trust‘s 7.4-million-square-foot Penn District redevelopment in Midtown. Created by DBOX, the images highlight Penn 15, a 1,270-foot supertall designed by Foster + Partners at 15 Penn Plaza. The overall plan aims to transform and revitalize the cityscape between Sixth and Seventh Avenues and West 32nd and West 34th Streets with a total of eight new skyscrapers surrounding the 109-year-old James A. Farley Building and Skidmore Owings & Merrill‘s newly opened Moynihan Train Hall, as well as One and Two Penn Plaza and Madison Square Garden.
NV Design Architecture recently returned to the Landmarks Preservation Commission (LPC) with updated proposals to construct a new four-building townhouse development in Brooklyn. Located at 437-441 Lewis Avenue and 39 Chauncey Street, the property is within the Bedford-Stuyvesant Historic District and requires a Certificate of Appropriateness from the commission before construction can begin.