Rendering of 345 McLean Avenue in Yonkers

Developers Granted $56.8M Incentives Package for Affordable Senior Housing Project at 345 McLean Avenue in Yonkers

7:30 am on March 15, 2023 By Sebastian Morris

Verus Development will receive a $56.8 million incentives package to facilitate the completion of a new affordable rental property for low-income seniors at 345 McLean Avenue in Yonkers, New York. The 12-story building will feature 105 apartment in studio, one-, and two-bedroom layouts, all reserved for seniors 62 years and older with an income at or below 60 percent of the area median income.

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Housing Lottery Launches for 3029 and 3031 Bronxwood Avenue in Williamsbridge, The Bronx

7:00 am on March 15, 2023 By Vanessa Londono

The affordable housing lottery has launched for 3029 and 3031 Bronxwood Avenue, a pair of four-story residential buildings in Williamsbridge, The Bronx. Designed by Badaly Architects and developed by Arlind Kastrati under the 3031 Bronxwood Realty LLC, the structures yield 16 residences total. Available on NYC Housing Connect are six units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $74,229 to $156,130.

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New Pricing Announced For Condos At 180 East 88th Street On Manhattan’s Upper East Side

8:00 am on March 14, 2023 By Vanessa Londono

180 East 88th Street, the tallest residential building north of 72nd Street on Manhattan’s Upper East Side, is now offering new pricing for the building’s remaining condominiums. Nestled in the Carnegie Hill neighborhood, the new development designed and developed by Joe McMillan’s DDG comprises 47 half- and full-floor homes ready for immediate occupancy and an expansive amenity collection.

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1305-1307 Third Avenue Readies for Excavation on Manhattan’s Upper East Side

7:30 am on March 14, 2023 By Michael Young

Excavation is set to begin at 1305-1307 Third Avenue, the site of a forthcoming residential building in the Lenox Hill section of Manhattan’s Upper East Side. Developed by EJS Development under the 1303 Third, LLC, which purchased the 8,178-square-foot site for $32.5 million in March 2021, the property has a maximum buildable scope of 75,000 square feet that can be increased to 90,000 square feet with an exclusionary housing bonus. The structure’s architect, floor count, and unit total have yet to be confirmed. Triton Construction Industry is the general contractor for the project, which is located at the corner of Third Avenue and East 75th Street.

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