Affordable housing

Excavation and Foundations Progressing at 241 West 28th Street in Chelsea, Manhattan

Below-grade work is progressing at 241 West 28th Street, a 22-story, 479-unit residential project in Chelsea. Designed by COOKFOX for MAG Partners, Atalaya, Safanad, and Qualitas, the two-tower development recently acquired $173 million in construction financing arranged by Maverick Commercial Properties. MAG Partners acquired the Midtown, Manhattan property in December 2018 and established a 99-year ground lease with Edison Properties. 241 West 28th Street is located between Seventh and Eighth Avenues and will have 30 percent of residential units reserved for low- and middle-income households. Urban Atelier Group is the general contractor.

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Massing diagram illustrates Stevens Commons with expanded buildings - WXY Architecture

Stevenson Commons Expansion Project in The Bronx Proceeds to Next Step of Review by the Department of City Planning

The Department of City Planning is now reviewing Environmental Impact Statements for a six-building expansion of Stevenson Commons in the Soundview section of The Bronx. Owned by Camber Property Group, the development site is located at White Plains Road and 1850 Lafayette Avenue and currently comprises nine Mitchell-Lama buildings spanning 990,050 square feet.

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Coney Island Phase I courtesy of NYC Housing Connect

Affordable Housing Lottery Launches for 400 Units at Coney Island Phase I in Brooklyn

The affordable housing lottery has launched for Coney Island Phase I, a residential building addressed as both 2926 West 19th Street and 2943 West 20th Street in Coney Island, Brooklyn. Developed by BFC Partners, L+M Development Partners, and Taconic Investment Partners, the 521,000-square-foot structure consists of two 16-story towers above a seven-story podium. Available on NYC Housing Connect are 400 units for residents at 30 to 130 percent of the area median income (AMI), ranging in eligible income from $14,778 to $192,400.

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