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Affordable housing

Proposed zoning in SoHo and NoHo, Manhattan - NYC Department of City Planning

City Proposals to Rezone SoHo and NoHo Under Further Review in Environmental Assessment Statement

An Environmental Assessment Statement released by the NYC Department of City Planning reveals how proposals to rezone Manhattan’s SoHo and NoHo neighborhoods could permanently alter the area. The actions aim to expand allowable residential density for multifamily buildings, spur the construction of income-restricted and permanently affordable housing, and increase available community facilities. If approved, the upzone could spur the development of more than 3,200 new apartment units, 108,000 gross square feet of retail space, and 35,000 square feet of community facilities. Estimates for residential development include up to 940 affordable apartment units.

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Rendering of 250 Water Street by Skidmore, Owings & Merrill

Howard Hughes Corporation Announces Plans for Two-Tower Development at 250 Water Street in South Street Seaport

New renderings and details of 250 Water Street were revealed yesterday, depicting a mixed-use development significantly smaller in size and scope than the supertall previously speculated. Developed by the Howard Hughes Corporation and designed by Skidmore Owings & Merrill, the two-tower high rise is a bit underwhelming in contrast to the 1,000-foot-tall design that would have become the tallest structure in lower Manhattan.

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Existing conditions at 117 West 79th Street - Courtesy of Fairstead

Park 79 Hotel at 117 West 79th Street Set For Senior Affordable Housing Conversion, on Upper West Side

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.

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