Rose Associates recently closed on $182 million in construction financing to redevelop an existing 13-story office property for residential and retail use. The property is located at 440 Hamilton Avenue in White Plains, New York and will eventually comprise 255 apartments and 3,400 square feet of ground-floor retail.
The affordable housing lottery has launched for 1973 Daly Avenue, an 11-story mixed-use building in West Farms, The Bronx. Designed by Aufgang Architects and developed by Camber Property Group, the structure yields 123 residences. Available on NYC Housing Connect are 47 units for residents at 60 percent of the area median income (AMI), ranging in eligible income from $42,995 to $77,340.
Permits have been filed for a six-story mixed-use building at 453 East 166th Street in Morrisania, The Bronx. Located at the intersection of Washington Avenue and East 166th Street, the corner lot is between the 167th Street subway station, serviced by the B and D trains and Intervale Avenue station, serviced by the 2 and 5 trains. Emil Friedman of E & Jeryg Management Corp is listed as the owner behind the applications.
YIMBY spotted new vertical progress made on the residential conversion and expansion of 67 Vestry Street. The project will stand as a 13-unit condominium building along Hudson River Park in Tribeca and is designed by BP Architects with Iliad Realty Group developing the property. Gachot Studios handling the interiors of the edifice, which involves a multi-story addition that will raise the floor count and architectural height of the structure from nine stories and 115 feet tall to 13 stories and 153 feet tall. The developers previously purchased the property for $55.5 million in 2017, and Corcoran Sunshine Marketing Group was last reported to be the exclusive marketing and sales agent for the 88,712-square-foot Romanesque-style building. 67 Vestry Street is located on a parcel of land bond by Vestry Street to the north and West Street and Hudson River Park to the west. King Contracting Group is handling all of the masonry and thin brick installation.
Yesterday 200 Amsterdam Avenue, a 668-foot-tall residential tower on Manhattan’s Upper West Side, conclusively won the long legal battle that allows for new construction without the fear of new retroactively enforced interpretations on those permits. The New York Court of Appeals denied an opposition group’s attempt to appeal a previous court’s ruling upholding the validity of 200 Amsterdam’s building permits. Earlier this year, a previous ruling from the New York State Appellate Division, First Department, ruled in favor of developers SJP Properties and Mitsui Fudosan America by unanimously overturning the lower court’s ruling. The trial court ruling sought to apply a retroactive draft zoning interpretation which would reduce the height of the constructed 52-story building designed by Elkus Manfredi.
