54 Woods Place, via Google Maps

$1.9 Million Loan Issued For Success Academy’s New Athletic Field At 54 Woods Place In Flatbush, Brooklyn

A $1.9 million loan from New Jersey Community Capital (NJCC) has been issued for the construction of a new athletic field at Success Academy Charter School at 54 Woods Place in Flatbush, Brooklyn. The loan, which is being led by Apex Development Group, LLC will be used to finance the acquisition and improvement of a 12,000-square-foot field that Apex will lease to Success Academy. Apex Development Group has previously delivered 12 charter schools and multiple affordable housing projects across Queens and Brooklyn.

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Foundations Underway at 225 East 45th Street in Midtown East, Manhattan

Below-grade work is in full swing at 225 East 45th Street, the site of a 21-story women’s shelter and supportive housing facility in Midtown East, Manhattan. Designed by Dattner Architects and developed by Project Renewal, the 216-foot-tall structure will span 135,000 square feet and yield 171 shelter beds, as well as 131 permanent housing units. The latter will include 79 supportive units, 51 affordable units, and one apartment for a superintendent. The development will also feature a medical clinic, on-site social services, and a 30-foot-long rear yard. The property is located between Second and Third Avenues.

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Rendering of The Stemma, via New York City Department of Housing Preservation and Development

Developers Announced for The Stemma At 1388-1400 Stebbins Avenue In Crotona Park East, Bronx

The New York City Department of Housing Preservation and Development (HPD) has announced the development team for The Stemma, an 11-story affordable housing development at 1388-1400 Stebbins Avenue in Crotona Park East, The Bronx. Developed by the Doe Fund, Xenolith Partners, and Ametrine Group, the structure will yield 149 affordable apartments and a 30,000-square-foot community recreation center. The project is being built on a long-vacant city-owned lot between East 170th Street and Jennings Street.

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Housing Lottery Launches for 2423 Barker Avenue in Allerton, The Bronx

The affordable housing lottery has launched for 2423 Barker Avenue, a seven-story mixed-use building in Allerton, The Bronx. Designed by Badaly Architects and developed by Franco Sukaj, the structure yields 38 residences. Available on NYC Housing Connect are 12 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $81,943 to $250,380.

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