The affordable housing lottery has launched for Union Channel, a nine-story mixed-use building at 240 3rd Avenue in Gowanus, Brooklyn. Designed by Fogarty Finger and developed by Charney Companies and Tavros Capital, the structure yields 224 residences. Available on NYC Housing Connect are 58 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $31,989 to $167,700.
New renderings have recently been revealed for 930 McCarter Highway, a 25-story residential building under construction in Newark, New Jersey. Designed by MHS Architects and developed by Boraie Development, the 289-foot-tall structure will span 432,650 square feet and yield 265 market-rate rental units, 68 affordable units, 3,750 square feet of commercial and retail space, and a four-story parking garage capable of holding 240 vehicles. The development is rising on a 1.1-acre waterfront plot bound by the Passaic River to the east and the intersection of McCarter Highway and Center Street to the west.
Exterior work is nearing completion on Edgemere Commons’ second all-affordable housing building at 5119 Beach Channel Drive in Far Rockaway, Queens. Designed by Aufgang Architects and developed by Tishman Speyer’s TS Communities, the company’s affordable housing development platform, the 247,000-square-foot structure will yield 237 rental apartments in studio to three-bedroom layouts, with 36 reserved for the formerly homeless, as well as 8,000 square feet of retail space and 7,500 square feet of community facility space. The property, also known as Edgemere Commons Building B1, is located between Beach 50th and Beach 53rd Streets, across from its sister development, Building A1.
Construction is close to topping out on 14+C, a 24-story residential building rising at 644 East 14th Street in the Alphabet City section of Manhattan’s East Village. Designed by Fischer + Makooi Architects and developed by Madison Realty Capital, the 200,000-square-foot structure will yield 196 rental units in studio to two-bedroom layouts, with an undisclosed portion reserved for affordable housing, as well as ground-floor retail space. The property is located at the corner of East 14th Street and Avenue C.
The affordable housing lottery has launched for Lumen LIC, a 67-story residential skyscraper at 23-15 44th Road in Long Island City, Queens. LUMEN LIC is designed by Hill West Architects and developed by FSA Capital. Available on NYC Housing Connect are 282 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $102,515 to $250,380.
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