The New York City Department of Housing Preservation and Development (HPD) has completed its latest affordable homeownership program in Brooklyn. Known as the Blake Hendrix project, the initiative introduces 30 new residential properties scattered across 13 different sites in East New York.
There are still units available in the affordable housing lottery for 59-24 41st Avenue, a three-story residential building in Woodside, Queens. Designed by Chang Hwa Tan of Tan Architect, the new 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 $65,143 to $167,570.
The vertical pace of construction on 2330 Broadway in the past three and a half months shows a remarkable sense of progress. The reinforced concrete edifice now stands topped out at 18 stories tall and will eventually open as a senior living facility on Manhattan’s Upper West Side. Designed by SLCE Architects and developed by Welltower, Inc. and Hines, the 230-foot-tall building will yield a total of 162 residences that will be spread across 109,315 square feet, averaging 674 square feet apiece. YIMBY last reported that the supportive programming will specifically focus on providing memory care, while half of the units will be reserved for seniors with memory and cognitive disorders. Broadway 85 LLC is the owner and Hunter Robert Construction Group is the general contractor for the project, located at the corner of Broadway and West 85th Street.
YIMBY last covered 417 Park Avenue back in July 2020, when demolition permits for the 14-story, 29-unit residential co-op building were fully filed. GDS Development (GDSNY) is the owner of the building that stands on an 8,725-square-foot site and was originally built in 1916 with two cellar levels and a penthouse atop the 143-foot-tall edifice. The Midtown East property is located at the corner of Park Avenue and East 55th Street and is directly south of Foster + Partner‘s topped-out and nearly complete 425 Park Avenue. GDSNY and Klövern AB previously paid $184 million to purchase all the units, and the demolition of the current structure will make way for an office tower with a floor area ratio of 25, or nearly 220,000 square feet under Midtown East Rezoning regulations.
Renderings from C3D Architecture reveal a forthcoming residential building at 31-48 Crescent Street in Astoria, Queens. The building will eventually top out at seven stories and comprise 39,613 square feet.
