The affordable housing lottery has launched for 14-09 31st Avenue, a five-story residential building in Astoria, Queens. Designed by Carusone & Cherres Architects and developed under the 1409 Astoria LLC, the structure yields seven residences. Available on NYC Housing Connect are three units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $87,429 to $181,740.
Construction progressing on 25 Water Street, a 32-story office-to-residential conversion and expansion in Manhattan’s Financial District. Designed by CetraRuddy and developed by GFP Real Estate, Metro Loft Management, and Rockwood Capital, the project involves the replacement of the building’s brick façade with a modern fenestration featuring more expansive windows, a gut renovation of its 1.1 million square feet of interiors, and the construction of ten new stories above its former parapet. The overhaul will yield 1,300 apartments, making it the largest office-to-residential conversion in US history by unit count, surpassing the 566-unit redevelopment of One Wall Street a few streets to the north. The property is bound by Water Street to the north, 2 New York Plaza to the south, the New York Vietnam Veterans Memorial to the east, and Broad Street to the west.
Permits have been filed for an 11-story mixed-use building at 66 University Place in Greenwich Village, Manhattan. Located between East 10th Street and East 11th Street, the lot is near the 8 Street-NYU subway station, serviced by the R train. Ameesh Agarwal of Bsafal Inc. is listed as the owner behind the applications.
Permits have been filed for an 18-story mixed-use building with affordable housing at 3728 Park Avenue in Claremont, The Bronx. Located at the intersection of Park Avenue and St. Pauls Place, the lot is closest to the 170th Street subway station, serviced by the B and D trains. New York City Housing Authority is listed as the owner behind the applications.
