Hudson Valley Property Group has completed a $57 million preservation project at Corinthian Towers, a 221-unit affordable housing complex in East Orange, New Jersey. Located at 67 S Munn Avenue in the city’s 4th Ward, the 94-year-old property now offers improved security, modernized homes, and energy efficient systems.
Permits have been filed for a nine-story residential building at 2518 Ocean Avenue in Sheepshead Bay, Brooklyn. Located between Avenue T and Avenue U, the lot is near the Avenue U subway station, serviced by the Q train. Alex Finkelshteyn under the 2518 Ocean Avenue LLC is listed as the owner behind the applications.
Façade work nears completion on 241 West 28th Street, a pair of 22-story residential buildings in Chelsea, Manhattan. Designed by COOKFOX and developed by MAG Partners, Atalaya, Safanad, and Qualitas, the 400,000-square-foot complex is aiming for LEED Silver certification and will yield 480 units with 30 percent reserved for low- and middle-income households, as well as 8,500 square feet of ground-floor retail space. Urban Atelier Group is the general contractor for the property, which is located between Seventh and Eighth Avenues with frontage on both West 28th and 29th Streets.
Construction is now underway on La Mora Senior Apartments, an age-restricted affordable housing property in Yonkers, New York. Developed in collaboration by the Municipal Housing Authority for the City of Yonkers (MHACY) and the Mulford Corporation, the four-story building is located on a long-vacant parcel at 23 Mulberry Street on the southern edge of the city.
The affordable housing lottery has launched for 1200 and 1202 Decatur Street, a pair of four-story residential buildings in Bushwick, Brooklyn. Designed by ARC Architecture + Design Studio and developed by Ariel Shalom under Threefold LLC, the structures yield a combined 16 residences. Available on NYC Housing Connect are six units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $77,143 to $187,330.
