Last month Kinsmen Property Group, a joint venture between Madison Group and State Building Group, recently filed a land use application to transform a vacant lot at 156-166 Bowery into affordable housing. The new Nolita construction will comprise of three buildings yielding 322 residences, including one building with 124 affordable apartments for seniors.
The affordable housing lottery has launched for One River Park, a two-tower residential complex at 355 Exterior Street in Mott Haven, The Bronx. Designed by Hill West Architects and developed by The Lightstone Group under the 355 Exterior Street Associates LLC, the structure yields 714 residences. Available on NYC Housing Connect are 227 units for residents at 70 to 130 percent of the area median income (AMI), ranging in eligible income from $73,783 to $238,160.
The affordable housing lottery has launched for 624 Metropolitan Avenue, an eight-story mixed-use building in Williamsburg, Brooklyn. Developed by Christian Pompa of Caro Enterprises, the structure yields eight residences. Available on NYC Housing Connect are four units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $132,069 to $198,510.
Plans have been scrapped for Haven Green, a 123-unit affordable senior housing development at the Elizabeth Street Garden in Nolita, Manhattan, under a legal settlement that shifts the project to a city-owned lot on the Lower East Side. The agreement ends the November 2025 lawsuit brought against the city by developers Pennrose, RiseBoro Community Partnership, and Habitat for Humanity New York City and Westchester, which formally discontinued the case on Thursday. Under the settlement, the development team will acquire the 15,500-square-foot city-owned lot at 22 Suffolk Street and build more than 180 affordable homes. The Elizabeth Street Garden will remain preserved as parkland on its 20,000-square-foot parcel between Prince and Spring Streets.
The affordable housing lottery has launched for 1718 Crotona Park East, a nine-story mixed-use building in Crotona Park East, The Bronx. Designed by Leandro Nils Dickson Architect, LLC and developed by Yonah Grunhut of Grun Group LLC, the structure yields 73 residences. Available on NYC Housing Connect are 15 units for residents at 80 percent of the area median income (AMI), ranging in eligible income from $75,703 to $168,320.
