The Westchester County Industrial Development Agency has given its final approval for financial incentives to support the construction of a $44.5 million affordable housing project designed exclusively for seniors aged 62 and older. The project, called Crescent Manor Ossining, will occupy a currently vacant site located at 136-140 Croton Avenue in Ossining.
Last week, development partners Hudson Companies, Gilbane Development Company, and MHANY Management Inc. celebrated the groundbreaking of Phase Two of The Peninsula in Hunts Point, The Bronx at the site of the former Spofford Juvenile Detention Center. The two-building development will offer 100-percent affordable housing, as well as commercial, community facility, and open space.
Construction is rising on 25-01 Queens Plaza North, a 26-story residential building in Long Island City, Queens. Designed by Handel Architects and developed by Grubb Properties, which purchased the property for $63 million in 2021, the 311-foot-tall structure will yield 417 rental units with 124 reserved for affordable housing, as well as 7,600 square feet of ground-floor retail space. 25-01 QPN Consigli Construction is the general contractor and King Contracting Group will be responsible for installing nearly 12,5000 square feet of bricks and CMU blocks for the project, which is located between Crescent and 27th Streets, directly adjacent to the elevated Queensboro Plaza station servicing the 7, N, and W trains.
The affordable housing lottery has launched for 1000 Lorimer Street, a 10-story mixed-use building at 840 Lorimer Street in Greenpoint, Brooklyn. Designed by Richard Bienenfeld Architects and developed by Shabsi Parnes, the structure yields 74 residences. Available on NYC Housing Connect are 15 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $105,223 to $198,250.
At number 29 on our year-end countdown is 2-20 and 2-21 Malt Drive, a three-tower complex in the Hunters Point South master plan in Hunters Point, Queens. Designed by SLCE Architects and developed by TF Cornerstone, the development consists of a 34-story, 390-foot-tall structure with 575 units at 2-20 Malt Drive and a two-tower building at 2-21 Malt Dive with a 38-story, 440-foot-tall tower and a 25-story, 310-foot-tall sibling collectively housing 811 units. The project will span 1.43 million square feet and yield nearly 1,400 total units, with 30 percent designated for affordable housing, as well as around 25,000 square feet of retail space. Scape is the landscape architect and Bud North LLC and Bud South LLC are the general contractors for 2-21 and 2-20 Malt Drive, respectively, which will rise from a subdivided plot bound by 54th Avenue to the north, Newton Creek to the south, and 2nd Street to the west.
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