Affordable housing

Foundations Progress For Two-Tower Development at 1 Java Street in Greenpoint, Brooklyn

At number 27 on our annual construction countdown is 1 Java Street, a two-tower residential development along the East River in Greenpoint, Brooklyn. Designed by Marvel Architects and developed and built by Lendlease, which secured a $360 million construction loan at the end of 2022, the project will yield 834 rental units across the two structures, the taller of which will stand 37 stories and 402 feet tall. Aware Super is the joint developer, INC Architecture & Design is the interior designer for the public areas, and Crème is the interior designer for the townhouse units at the complex, which is alternately addressed as 18 India Street and occupies a full block bound by India Street to the north, Java Street to the south, West Street to the east, and the India Street pier over the East River to the west.

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Rendering of Crescent Manor Ossining, courtesy of Thompson & Bender

Westchester IDA Grants Incentives Approval for Senior Housing Project at 136-140 Croton Avenue In Ossining

The Westchester County Industrial Development Agency has given its final approval for financial incentives to support the construction of a $44.5 million affordable housing project designed exclusively for seniors aged 62 and older. The project, called Crescent Manor Ossining, will occupy a currently vacant site located at 136-140 Croton Avenue in Ossining.

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Phase Two of The Peninsula Affordable Housing Complex Breaks Ground in Hunts Point, The Bronx

Last week, development partners Hudson Companies, Gilbane Development Company, and MHANY Management Inc. celebrated the groundbreaking of Phase Two of The Peninsula in Hunts Point, The Bronx at the site of the former Spofford Juvenile Detention Center. The two-building development will offer 100-percent affordable housing, as well as commercial, community facility, and open space.

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25-01 Queens Plaza North Rises in Long Island City, Queens

Construction is rising on 25-01 Queens Plaza North, a 26-story residential building in Long Island City, Queens. Designed by Handel Architects and developed by Grubb Properties, which purchased the property for $63 million in 2021, the 311-foot-tall structure will yield 417 rental units with 124 reserved for affordable housing, as well as 7,600 square feet of ground-floor retail space. 25-01 QPN Consigli Construction is the general contractor and King Contracting Group will be responsible for installing nearly 12,5000 square feet of bricks and CMU blocks for the project, which is located between Crescent and 27th Streets, directly adjacent to the elevated Queensboro Plaza station servicing the 7, N, and W trains.

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Housing Lottery Launches for 1000 Lorimer Street in Greenpoint, Brooklyn

The affordable housing lottery has launched for 1000 Lorimer Street, a 10-story mixed-use building at 840 Lorimer Street in Greenpoint, Brooklyn. Designed by Richard Bienenfeld Architects and developed by Shabsi Parnes, the structure yields 74 residences. Available on NYC Housing Connect are 15 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $105,223 to $198,250.

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