A major capital improvement project at Marble Hall Apartments in Tuckahoe, New York, may soon begin following preliminary approvals from Westchester County’s Industrial Development Agency. Constructed in 1974, the 10-story building at 100 Columbus Avenue contains 134 income-restricted units and exhibits signs of an aging property.
The city’s Department of Housing Preservation and Development has released a request for affordable housing proposals for the north shore of Staten Island. The RFP would use 108,000 square feet of land owned by the city for a mixed-use development with 100 percent affordable housing and community amenities and services.
Last week, private equity real estate fund manager Red Stone Equity Partners celebrated the closing of financing for Balton Commons, a $19-million mixed-use development currently under construction at 267 West 126th Street in Harlem, Manhattan. Developed in partnership with Lemor Development Group and Apex Building Group, the seven-story building will have 4,500 square feet of tech incubator space managed by non-profit Silicon Harlem, 1,200 square feet of ground-floor commercial space, 1,350 square feet of community facility space, and 37 residential units dedicated to mixed-income affordable housing for residents between 30 and 90 percent of the area median income.
Construction is expected to begin in January on Melrose North, a residential development that will bring 171 units of supportive and affordable housing to 925 Courtlandt Avenue in South Bronx’s Morrisania neighborhood. In a partnership between developer Bronx Pro Group and the New York City Housing Authority (NYCHA), the $92 million project will be built on a vacant NYCHA waste facility site.
This week the city’s Department of Housing Preservation and Development (HPD) announced $13.6 million in housing tax credits was awarded to seven developments. These projects will be responsible for creating and preserving 583 affordable units throughout the city.
