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Conceptual rendering of 1470 Amsterdam Avenue, via nyc.gov

Financing Secured For $445 Million Manhattanville Renovation In Harlem, Manhattan

The New York City Housing Authority (NYCHA) has secured $445 million in financing to overhaul Manhattanville Houses, a public housing development in Harlem, Manhattan. The project, which is part of NYCHA’s Permanent Affordability Commitment Together (PACT) initiative, will renovate 1,272 apartments across six residential buildings, improving living conditions for more than 2,600 residents. The conversion of these units to Project-Based Section 8 housing under the federal Rental Assistance Demonstration (RAD) program ensures continued affordability while allowing private partners to fund critical repairs. Construction is already underway and is led by Gilbane Development Company, Apex Building Group, and West Harlem Group Assistance, with ELH Mgmt LLC overseeing property management and Goddard Riverside providing on-site social services.

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Affordable Housing Units Still Available at 73-65 Yellowstone Boulevard in Forest Hills, Queens

The affordable housing lottery is currently open for units available at 73-65 Yellowstone Boulevard, an 11-story residential building in Forest Hills, Queens. Developed by Slate Property Group and Grobman-Gross Properties in 2023 and designed by Aufgang Architects, the structure yields 166 residences. Available on NYC Housing Connect are seven units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $94,252 to $218,010.

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63-Story Skyscraper Revealed for Second Phase of Alloy Block in Downtown Brooklyn

Designer and developer Alloy Development has revealed new renderings for One Third Avenue, a 63-story skyscraper in the second phase of the Alloy Block complex in Downtown Brooklyn. The 725-foot-tall structure will rise to the northwest of the completed 44-story Alloy Block tower at 505 State Street and will secure the title of the tallest Passive House-engineered building in the world. The building will yield 583 market-rate and affordable housing units, retail space, and commercial office space. The Alloy Block is bound by Flatbush Avenue to the northeast, Third Avenue to the northwest, and State Street to the south.

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Aerial rendering of SPARC Kips Bay, looking northwest, via edc.nyc

City Council Approves SPARC Kips Bay, Innovation East Life Sciences Facilities In Kips Bay, Manhattan

On February 13, the New York City Council voted in approval of SPARC Kips Bay and Innovation East, two new developments located in Kips Bay, Manhattan. Led by the New York City Economic Development Corporation (NYCEDC), the projects will introduce more than 2.5 million square feet of research, education, and healthcare facilities to Manhattan’s East Side. SPARC Kips Bay will serve as a hub for innovation, career development, and public health, and is projected to generate $42 billion in economic impact over 30 years and create 15,000 jobs. Innovation East will replace the outdated Public Health Lab with a modern life sciences center, adding another 1,000 jobs to the city’s biotech ecosystem. The site is located on Hunter College’s Brookdale Campus at First Avenue and East 25th Street.

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