The affordable housing lottery has launched for 2621 Grand Avenue, a four-story residential building in University Heights, The Bronx. Designed by Node Architecture Engineering Consulting and developed by Franc Gjini, the structure yields 34 residences. Available on NYC Housing Connect are 11 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $84,755 to $181,740.
Permits have been filed for a seven-story mixed-use building at 21-11 31st Street in Ditmars Steinway, Queens. Located between Ditmars Boulevard and 21st Avenue, the lot is near Astoria-Ditmars Boulevard subway station, serviced by the N and W trains. Yong Chen of Central Realty LIC is listed as the owner behind the applications.
Construction is almost finished on The Ellery, a 33-story mixed-use tower at 312 West 43rd Street on the southern border of Hell’s Kitchen in Midtown, Manhattan. Designed by Handel Architects and developed by National Real Estate Advisors and Taconic Partners, the 401-foot-tall structure will yield 330 rental units in studio to two-bedrooms layouts, as well as 28,000 square feet of amenities and up to 42,000 square feet of retail space spread across two levels. The property is located between Eighth and Ninth Avenues, directly north of the Port Authority Bus Terminal and its subway station, servicing the A, C, and E trains.
The Yonkers Industrial Development Agency has granted preliminary approval for financial incentives supporting three new mixed-use developments, representing a total private investment of approximately $463.5 million. Among these projects is AMS Acquisitions‘ $306.7 million development at 18 North Broadway in Yonkers. The project will consist of two 25-story residential towers.
The affordable housing lottery has launched for 2438 Lyvere Street, an eight-story mixed-use building in Westchester Square, The Bronx. Designed by Badaly Architects and developed by Arjan Gjushi, the structure yields 45 residences. Available on NYC Housing Connect are 14 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $44,572 to $218,010.
