The affordable housing lottery has launched for Peninsula Building 1B, a 14-story mixed-use building at 720 Tiffany Street in Hunts Point, The Bronx. Designed by WXY Architecture + Urban Design and developed jointly by Gilbane Development Company, Hudson Companies, and the Mutual Housing Association of New York, the structure is the first of four new developments bringing 740 affordable units to the area. Available on NYC Housing Connect are 164 units for residents at 30 to 80 percent of the area median income (AMI), ranging in eligible income from $15,772 to $118,400.
Permits have been filed for a five-story residential building at 308 14th Street in Park Slope, Brooklyn. Located between 5th and 6th Avenues, the lot is near the Prospect Avenue subway station, serviced by the R train. Nechemia Weinberger of Soft Stone Development is listed as the owner behind the applications.
Superstructure work is continuing for 270 Park Avenue, JPMorgan Chase‘s upcoming 1,388-foot, 70-story supertall headquarters in Midtown East and number four on our year-end construction countdown. The project spans a full block between Park and Madison Avenues and 47th and 48th Streets, and will yield 2.5 million square feet of office space.
Construction is complete on the Best Western Premiere Empire State Hotel, a 22-story structure at 16 East 30th Street in NoMad. Designed by Brooklyn-based firm Baobab Architects and NAA, the relatively slim 37,000-square-foot structure stands 225 feet tall and yields 102 rooms between Madison and Fifth Avenues.
Developers, elected officials, and community leaders recently celebrated the grand opening of Citizen Linden, a new residential complex at 307 West Elizabeth Avenue in Linden, New Jersey. The property is the latest project completed by Accurate Builders & Developers and comprises 234 rental apartments, 4,500 square feet of retail space, and a parking garage designed to accommodate 292 vehicles.