This week, The Arker Companies celebrated the completion of a new affordable housing building at 11629 Seaview Avenue in East New York, Brooklyn. The residential building is one of two properties that comprise phase one of The Fountains, a six-building affordable housing complex that will yield 1,163 apartments.
A consortium of developers has successfully locked in $173 million in financing to construct a new 479-unit rental property in Chelsea. The new building will take shape at 241 West 28th Street, near Eighth Avenue, and is designed by COOKFOX.
The historic Park 79 Hotel on Manhattan’s Upper West Side will soon be home to a new deeply affordable senior housing property following the successful acquisition of construction financing to complete the project. Located at 117 West 79th Street near Columbus Avenue, the seven-story building will eventually comprise 77 housing units with on-site supportive and social services administered by Project FIND. The property will remain affordable for seniors for at least 60 years through a regulatory agreement with the New York City Department of Housing Preservation and Development.
The Landmarks Preservation Commission (LPC) will soon review proposals from Morris Adjmi Architects and Hope Street Capital to construct a seven-story residential building behind a historic church at 959 Sterling Place in Crown Heights, Brooklyn. Known today as the Hebron Seventh Day Adventist School, the structure was originally completed in 1889 and designated a New York City landmark in 2011.
A massive mixed-use housing development may be coming to the St. George neighborhood in Staten Island. The project, which comprises residential and commercial use, affordable housing, open space, and accessory parking, will have two sites: 170-208 Richmond Terrace and 8-26 Stuyvesant Place. Developer Madison Realty Capital under the Richmond SI Owner LLC is seeking approval for zoning map amendments, zoning text amendments, and special permits in order to begin work on the four-building, 911,752-square-foot complex near the St. George waterfront and the Staten Island Ferry Terminal. The site includes 224 Richmond Terrace, a 60,000-square-foot, 40-unit condominium property that Madison Realty Capital acquired in 2012.
