New York YIMBY

Rendering of The Peninsula affordable housing campus - WXY Architecture + Urban Design

Developers Secure $297M to Complete Phase Two of The Peninsula Affordable Housing Complex in Hunts Point, The Bronx

7:00 am on July 3, 2023 By Sebastian Morris

Gilbane Development Company, Hudson Companies, and MHANY Management have secured $297 million to complete phase two of The Peninsula, a mixed-use, 100-percent affordable housing complex in Hunts Point, The Bronx. The five-building master plan is being designed by WXY Architecture + Urban Design and Body Lawson Associates, Architects & Planners and will be delivered in three phases.

Affordable Housing Lottery Launches for 584 4th Avenue in Gowanus, Brooklyn

6:30 am on July 3, 2023 By Vanessa Londono

The affordable housing lottery has launched for 584 4th Avenue, a nine-story mixed-use building in Gowanus, Brooklyn. Designed by ND Architecture & Design and developed by Yoel Werzberger under the Watermark Capital LLC, the structure yields 48 residences. Available on NYC Housing Connect are 14 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $94,286 to $198,250.

1,046-Key Hilton Readies for Grand Opening at 150 West 48th Street in Times Square, Manhattan

8:00 am on July 2, 2023 By Michael Young and Matt Pruznick

Construction is wrapping up on 150 West 48th Street, a 38-story triple-brand Hilton hotel tower in Times Square. Designed by Gene Kaufman Architect and developed by Sam Chang of McSam Hotel Group, the 418-foot-tall, 320,000-square-foot structure will yield 1,046 hotel rooms across the Hampton Inn, Home 2 Suites, and Motto Hotel, Hilton’s newest brand of micro-hotels. McSam Hotel Group purchased the Midtown site for $140 million from Rockefeller Group in early 2019 and received a $250 million loan before construction broke ground the following year. Omnibuild was the general contractor for the project, which is located by the corner of West 48th Street and Seventh Avenue.

Excavation Underway for Holiday Inn Express at 4729 Third Avenue in Belmont, The Bronx

7:30 am on July 2, 2023 By Michael Young and Matt Pruznick

Excavation is underway at 4279 Third Avenue, the site of a nine-story Holiday Inn Express by InterContinental Hotels in the Belmont section of The Bronx. Designed by Michael Kang Architect and developed by Neelam Chadha, the 172-foot-tall structure will span 43,789 square feet and yield 86 guest rooms. Supreme Builders Corp. is the general contractor and 2918 Arnow Real Estate Group is the owner of the 6,229-square-foot property, which is bound by Third Avenue to the east, Park Avenue to the west, and East 188th Street to the south.

Excavation Begins for 60-Story Mixed-Use Skyscraper at 420 Marin Boulevard in Jersey City

7:00 am on July 2, 2023 By Sebastian Morris

Construction has broken ground at 420 Marin Boulevard, the site of a 1.3-million-square-foot mixed-use residential skyscraper in Jersey City. Designed by Beyer Blinder Belle and developed by Brookfield Properties and G&S Investors, the project is also known as Phase II in the Hudson Exchange master-planned development that will yield more than 6 million square feet.

Permits Filed for 1652 East 14th Street in Midwood, Brooklyn

6:30 am on July 2, 2023 By Vanessa Londono

Permits have been filed for a seven-story mixed-use building at 1652 East 14th Street in Midwood, Brooklyn. Located between Avenue P and Kings Highway, the lot is near the Avenue M subway station, serviced by the Q train. Daniel Azizi is listed as the owner behind the applications.

Arloparc’s Exterior Progresses at 126 East 86th Street on Manhattan’s Upper East Side

8:00 am on July 1, 2023 By Michael Young and Matt Pruznick

Exterior work is progressing on Arloparc, a 20-story residential building at 126 East 86th Street on Manhattan’s Upper East Side. Designed by Zproekt Architects and developed by Rybak Development and BK Developers, the 79,842-square-foot structure will yield 28 condominium units designed by STUDIO20MIGLIA, as well as 2,700 square feet of commercial space. Rybak is also serving as the general contractor, Molly Elizabeth is the interior designer, and Corcoran New Development is handling sales and marketing for the property, which is located on a narrow rectangular plot between Lexington and Park Avenues.

Rendering of the next affordable housing property to debut at Edgemere Commons - Courtesy of Aufgang Architects

Tishman Speyer to Begin Construction on Second Affordable Housing Property at Edgemere Commons in Far Rockaway, Queens

7:30 am on July 1, 2023 By Sebastian Morris

TS Communities, Tishman Speyer’s affordable housing development platform, will soon break ground on the second 100-percent affordable development in Edgemere Commons in Edgemere, Queens. Designed by Aufgang Architects, the master plan will eventually comprise 11 income-restricted residential properties.

Housing Lottery Launches for 1135 Teller Avenue in Concourse, The Bronx

7:00 am on July 1, 2023 By Vanessa Londono

The affordable housing lottery has launched for 1135 Teller Avenue, an eight-story residential building in Concourse, The Bronx. Designed by Sion Consulting Engineering and developed by Gurwinder Singh of Kulwant Teller Inc., the structure yields 44 residences. Available on NYC Housing Connect are 43 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $104,880 to $198,250.

Permits Filed for 2158 Aqueduct Avenue East in University Heights, The Bronx

6:30 am on July 1, 2023 By Vanessa Londono

Permits have been filed for a four-story residential building at 2158 Aqueduct Avenue East in University Heights, The Bronx. Located between West 181st Street and Clinton Place, the lot is near the 183rd Street subway station, serviced by the 4 train. Mendy Tessler is listed as the owner behind the applications.

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