The affordable housing lottery has launched for 2026 Walton Avenue, an eight-story residential building in Tremont, The Bronx. Designed by Fred Geremia Architects & Planners and developed by G & E Walton Developers, the structure yields 43 residences. Available on NYC Housing Connect are 13 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $44,400 to $167,570.
Renovation work continues to progress on PENN 2, a 31-story commercial building at Two Penn Plaza in Midtown. Designed by MdeAS Architects and developed by Vornado Realty Trust, the project involves the replacement of the 53-year-old structure’s façade with a modern glass curtain wall. The 412-foot-tall, 1.61 million-square-foot tower was originally designed by Charles Luckman Associates and stands along Seventh Avenue between West 31st and 33rd Streets. PENN 2 is immediately to the east of Madison Square Garden and is one component within the Penn District revitalization scheme that calls for the construction and redevelopment of several buildings surrounding Penn Station in the coming years. Turner Construction Company is the general contractor for the project.
Excavation and piling work is underway at 29 Jay Street, the site of an 11-story commercial building in the DUMBO Historic District of Brooklyn. Designed by Marvel Architects and developed by Jay Street Office LLC, the 150-foot-tall building will yield office space at the corner of Jay and Plymouth Streets. Sciame Construction LLC is the general contractor for the project.
According to developer Wayne Moy, condominium sales will soon exceed 90 percent at 81 McGuinness Boulevard, a six-story residential building in Greenpoint, Brooklyn. The property was designed by Angelo Ng & Anthony Ng Architects and completed in 2020. Today, only one unit remains unsold, a two-bedroom, two-bathroom home priced at $1.59 million.
Permits have been filed for a 17-story mixed-use building at 3880 Ninth Avenue in Inwood, Manhattan. Located at the intersection of West 207th Street and Ninth Avenue, the lot is steps from the 207th Street subway station, serviced by the 1 train. The Jay Group is listed as the owner behind the applications.
