Affordable housing

Activity Underway on FXCollaborative’s Covenant House at 460 West 41st Street in Midtown West

Construction activity is underway at 460 West 41st Street, a 164-foot-tall mixed-use building in Midtown West. Designed by FXCollaborative and developed by Covenant House, the 80,290-square-foot edifice will contain 53,053 square feet dedicated to community facility space and 60 units averaging approximately 884 square feet. This is the first supportive housing development by Covenant House in 48 years and includes help from for-profit entities Gotham Organization and Denham Wolf Real Estate Services.

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Rendering of Archer Towers at 163-05 Archer Avenue (Photos courtesy of Studio V Architecture)

BRP Companies, JLL Partner to Finance Construction of Archer Towers in Jamaica, Queens

BRP Companies has selected JLL Capital Markets as its partner in a joint venture equity agreement to finance the construction of Archers Towers in Jamaica, Queens. The project is valued at $286 million and will yield 605 rental units and a mix of residential amenities. Located at 163-05 Archer Avenue, the development will top out at 24 stories and comprise a total of 540,000 square feet. The residential component will be divided into 424 market-rate apartments and 181 mixed-income units. At this time, the specific income requirements or restrictions for the mixed-income units has not been revealed.

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