A recent acquisition of an affordable senior community at 1313 Baltic Avenue in Atlantic City, New Jersey will preserve its affordability for 30 years. Standard Communities, the affordable housing division of Standard Companies, acquired Baltic Plaza Apartments for approximately $38 million.
Façade work is getting closer to completion on 145 West 47th Street, a 48-story RIU Hotel in Times Square. Designed by Berg + Moss Architects and developed by Tribeach Holdings, the 353,000-square-foot edifice is located between Sixth and Seventh Avenues and will yield a total of 630 guest rooms.
This week, Sydney House debuted as Habitat for Humanity‘s largest completed housing project worldwide. Designed by Union Street Studios, the seven-story building is located at 839-843 Tilden Street in The Bronx and is the first project to be completed as part of New York City’s “Open Door” affordable homeownership program.
Today’s housing lottery round-up features three buildings in Queens and The Bronx with available affordable units on Housing Connect with deadlines closing within the next seven days.
Affordable housing developer Wilder Balter recently purchased a historic YMCA building in Tarrytown. The 41,537-square-foot, four-story structure at 62 Main Street was originally constructed in 1928 and has had numerous additions since then. RM Friedland, which brokered the deal, announced the $6.45 million sale and the developer’s intention to preserve the masonry façade, while turning it into 109 affordable housing units and 100 parking spaces for local merchants.