Affordable housing

Developers, City Officials Celebrate Grand Opening of 425 Grand Concourse in Mott Haven, The Bronx

7:30 am on November 3, 2022 By Sebastian Morris

Developers, New York City officials, and community leaders recently joined to celebrate the grand opening of 425 Grand Concourse, a 26-story affordable housing property in Mott Haven, The Bronx. Designed by Dattner Architects and developed by Trinity Financial and local non-profit group MBD Community Housing Corporation, the 300,000-square-foot structure will yield 277 affordable apartments, an educational facility, a health clinic, a supermarket, and a community cultural space.

Permits Filed for 261 Walton Avenue in Mott Haven, The Bronx

7:00 am on November 3, 2022 By Vanessa Londono

Permits have been filed for a 13-story mixed-use building with affordable housing at 261 Walton Avenue in Mott Haven, The Bronx. Located between East 138th Street and East 140th Street, the lot is near the 138 Street-Grand Concourse subway station, serviced by the 4 and 5 trains. Joshua Weissman of JCAL Development is listed as the owner behind the applications.

Housing Lottery Launches for 1686 Weeks Avenue in Claremont, The Bronx

6:30 am on November 3, 2022 By Vanessa Londono

The affordable housing lottery has launched for 1686 Weeks Avenue, a six-story residential building in Claremont, The Bronx. Designed by ADB Associates and developed by Israel Frankel of Isra Holdings, the structure yields 25 residences. Available on NYC Housing Connect are five units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $75,360 to $156,130.

Rendering of 500 Main Street - Niles Bolton Associates

Construction Breaks Ground at 500 Main Street in Downtown New Rochelle

7:30 am on November 2, 2022 By Sebastian Morris

Construction is now underway at 500 Main Street, the site of a 26-story mixed-use tower in New Rochelle. Designed by Niles Bolton Associates and developed by BRP Companies and the Urban Investment Group of Goldman Sachs Asset Management, the downtown project will yield 620,000 square feet with 477 rental apartments, a church, retail space, and a parking garage with electric vehicle charging stations.

Housing Lottery Launches for 915 Elsmere Place Senior Apartments in West Farms, The Bronx

7:00 am on November 2, 2022 By Vanessa Londono

The affordable housing lottery has launched for 915 Elsmere Place Senior Apartments, a nine-story residential building in West Farms, The Bronx. Designed by Marin Architects and developed by Stagg Group, the structure yields 72 residences and 15 parking spaces. Available on NYC Housing Connect are 39 units for residents at 80 to 130 percent of the area median income (AMI), ranging in eligible income from $55,612 to $187,330.

Rendering of 1440 amsterdam Avenue designed by The Gluck Architectural Collaborative

Developers Land $32M Loan for Affordable Housing Tower at 1440 Amsterdam Avenue in West Harlem, Manhattan

7:00 am on November 1, 2022 By Sebastian Morris

Grid Group and Lekas Realty have closed on a $32 million construction loan to complete a high-rise affordable housing property in West Harlem. Located at 1440 Amsterdam Avenue, the property will top out at 26 stories and yield 393 rental apartments, an Associated supermarket on the ground floor, and an enclosed parking garage. The latter includes roughly 120 rent-restricted units, 25 percent of which will be prioritized for current NYCHA residents.

Housing Lottery Launches for 461 Alabama Avenue in East New York, Brooklyn

6:30 am on November 1, 2022 By Vanessa Londono

The affordable housing lottery has launched for 461 Alabama Avenue, a seven-story community facility building in New Lots, Brooklyn. Designed by Newman Design Architects and developed by the city’s Department of Housing Preservation and Development, the structure yields 71 residences. Available on NYC Housing Connect are 19 units for residents at 40 to 60 percent of the area median income (AMI), ranging in eligible income from $29,760 to $86,460.

Demolition Wraps Up at 25-01 Queens Plaza North in Long Island City, Queens

8:00 am on October 30, 2022 By Michael Young

Demolition work is wrapping up at 25-01 Queens Plaza North, the site of a 26-story residential building in Long Island City, Queens. Developed by Grubb Properties, the 311-foot-tall structure will yield 417 units with 124 dedicated to affordable housing, and 7,600 square feet of ground-floor retail space. 25-01 QPN Consigli Construction is the general contractor and King Contracting Group is installing all the brick and CMU for the property, which is located between Crescent and 27th Streets, directly adjacent to the elevated Queensboro Plaza station servicing the 7, N, and W trains.

Beach Channel Drive Apartments at 13-12 Beach Channel Drive - Courtesy of UAI

Affordable Housing Development Breaks Ground at 13-12 Beach Channel Drive in Far Rockaway, Queens

7:00 am on October 30, 2022 By Sebastian Morris

Elected officials and developers recently gathered to celebrate the commencement of construction at 13-12 Beach Channel Drive in Far Rockaway, Queens. Designed by Urban Architecture Initiatives and developed by BRC and Camber Property Group, the eight-story property will include a mix of 147 deeply affordable units, 100 shelter units with supportive services, tenant amenities, and a community facility.

625 Fulton Street’s Foundations Reach Street Level in Downtown Brooklyn

8:00 am on October 29, 2022 By Michael Young

Construction is set to go vertical on 625 Fulton Street, a 35-story mixed-use tower in Downtown Brooklyn. Designed by Fischer Rasmussen Whitefield Architects and developed by Rabsky Group with $450 million in construction financing from Madison Realty Capital, the structure will yield 1,098 units, 26,000 square feet of retail space, and a parking garage for up to 250 vehicles. Galaxy Developers is the general contractor for the property, which is bound by the 34-story 80 DeKalb Avenue to the north, Fulton Street to the south, Rockwell Place to the east, and Hudson Avenue to the west.

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Affordable housing

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