The affordable housing lottery has launched for 3418 Third Avenue, a seven-story mixed-use building in Morrisania, The Bronx. Designed by Fred Geremia Architects & Planners and developed by Franc Gjini, the structure yields 54 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 $84,755 to $218,010.
Permits have been filed for a four-story residential building at 269 Bainbridge Street in Bedford Stuyvesant, Brooklyn. Located between Patchen Avenue and Malcolm X Boulevard, the lot is near the Utica Avenue subway station, serviced by the A and C trains. Eran Greenfeld is listed as the owner behind the applications.
The tallest residential building on Manhattan’s East Side, Sutton Tower, recently released new pricing. Developed by Gamma Real Estate and JVP Management and designed by Thomas Juul-Hansen, the 850-foot-tall tower at 430 East 58th Street comprises 120 homes and an extensive amenity package. Pricing for current availability now begins at $1.840 million.
New renderings have been released for the 341 10th Street, a three-tower residential development in Park Slope, Brooklyn. Designed by Marvel Architects and developed by Stellar Management, with support on the affordable housing by Fifth Avenue Committee, the nearly 245,000-square-foot master plan consists of two new residential towers and the rehabilitation of an existing apartment building, and will yield a total of 459 rental units. There will be 305 new units created, while the existing 154 units will all be dedicated to affordable housing via Article XI regulatory agreement with the Department of Housing Preservation and Development. A new tower facing 9th Street will contain 100 new affordable units, while the second tower facing 10th Street will be built with 205 new units, 62 of which will be affordable. The project will also include retail spaces designed for local small business and nonprofit organizations, and redesigned sidewalks for improved pedestrian safety. The property is bound by 9th and 10th Streets and 4th and 5th Avenues.
