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.
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.
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.
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 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.
