Affordable housing

New Rendering Revealed For 1,045-Unit Bronx Point Complex, South Bronx

7:30 am on January 17, 2018 By Jordan Beeche

A new rendering has been released detailing a multi-use structure located in the South Bronx. The property which is currently owned by the city is one of the largest in its possession, and is situated on the Harlem River waterfront just north of the 145th Street bridge, adjacent to the Major Deegan Expressway. The New York City Economic Development Corporation (NYCEDC) has partnered with the Department of Parks and Recreation (DPR), as well as Department of Housing Preservation and Development (HPD) in their development of the property.

$335 Million in Financing Secured for Second Phase of La Central Development, South Bronx

7:30 am on January 15, 2018 By Andrew Nelson

The team behind the La Central Development has closed a deal for financing towards the construction of their massive mixed-use project in the Melrose Community of the South Bronx. This is one of the largest mixed-income projects currently under construction in New York City. Once complete, the project will span 1.1 million square feet, with five buildings and 992 units entirely devoted to affordable housing.

Expanded Plans Adding 1,642 New Units to Lenox Terrace Revealed in Harlem

8:00 am on January 9, 2018 By Nikolai Fedak

Yesterday, YIMBY brought you news of the stabilization of the city’s new development pipeline through the end of 2017. Echoing the end-of-year positivity, 2018 has already brought one major new development to light, on Surf Avenue in Coney Island. Today, we have the latest on an even larger project coming to Harlem, with the reveal for the first rendering of the massive expansion proposed for Lenox Terrace, which would eventually yield over 1,600 new apartments by the time of full build-out.

885 Grand Street, design by Oaklander, Coogan & Vitto Architects

Loan Acquired, Rendering Revealed for 885 Grand Street, East Williamsburg, Brooklyn

7:00 am on January 5, 2018 By Andrew Nelson

Plans for a new eight-story apartment building at 885 Grand Street in East Williamsburg are moving ahead after the joint venture of Lemle & Wolff Development Co. and Alphonso Milo secured a $12.85 million construction loan from Sterling National Bank. Today, YIMBY also has the first rendering for the project.

Central Park's rolling 15-year median snowfall

Why New York City’s Rapidly Rising Snowfall Totals Are No Holiday Miracle

8:00 am on December 29, 2017 By Nikolai Fedak

When “White Christmas” was written in 1942, Irving Berlin had good reason to yearn for the snows “just like the ones [he] used to know.” Measurements of the white stuff in Manhattan had been slumping since the late 1800s, with the 15-year rolling median of 35.5 inches from 1884 falling to a mere 15.6 inches by the year of the song’s release, and then plunging further, to only 13.4 inches in 1998-99. What has followed is nothing short of a holiday miracle: in the subsequent eighteen years, snowfall has increased in an unprecedented fashion across much of the Northeastern seaboard, with the rolling median at Central Park now reaching 40 inches. With New York City’s median recent snowfalls tripling in a matter of two decades and surpassing totals at the end of the Little Ice Age at the same time that temperatures have continued to warm, it is time for the city’s inhabitants to ask why exactly this is happening, and consider the practical implications that a rapidly-shifting climate will have on real estate.

1561 Walton Avenue, rendering courtesy Briarwood Organization

Construction Complete for 1561 Walton Avenue, Concourse, The Bronx

7:00 am on December 11, 2017 By Andrew Nelson

Construction has wrapped on an affordable housing project at 1561 Walton Avenue, in The Bronx’s Concourse neighborhood. The 11-story building was a joint development by the Briarwood Organization and the Settlement Housing Fund (SHF), to create 59 affordable apartments for people with an income of 40% to 90% relative to the Area Median Income. The building was designed with the goal of fostering community within open spaces. Briarwood is also responsible for general contracting, while SHF is responsible for development.

1932 Bryant Avenue, rendering courtesy Association of New York Catholic Homes and Dattner Architects

Renderings Revealed for 1932 Bryant Avenue, West Farms, The Bronx

7:30 am on December 8, 2017 By Andrew Nelson

Today, YIMBY has the reveal for renderings of a 15-story affordable housing development at 1932 Bryant Avenue, in The Bronx’s West Farms neighborhood. The site will yield 319 affordable apartments just two blocks away from the West Farms Square Subway Station, which is serviced by the 2 and 5 trains. The Bronx Zoo is also nearby, in the same park as the New York Botanical Garden. Second Farms Neighborhood Housing is responsible for the development.

1422 Crotona Park East, rendering courtesy Briarwood Organization

Construction Complete for Affordable Housing at 1422 Crotona Park East, Crotona Park East, The Bronx

6:30 am on December 6, 2017 By Andrew Nelson

An eight-story affordable housing project has been completed at 1422 Crotona Park East, in Crotona Park East, The Bronx. The site is right across the street from Crotona Park, which has several baseball fields, and other sports facilities. The Freeman Street Subway Station is six blocks away, serviced by the 2 and 5 trains. The Doe Fund, whose focus on rehabilitating people with histories of homelessness, incarceration, or substance abuse, is responsible for the development. The Briarwood Organization is responsible for the general contracting.

Rendering Revealed for 960 Simpson Street, Hunts Point, The Bronx

7:00 am on November 27, 2017 By Andrew Nelson

Renderings for a new six-story affordable-housing project have been revealed at 960 Simpson Street, in The Bronx’s Hunts Point neighborhood. YIMBY last reported on the development in February of 2016. The site is just a block away from the Simpson Street Subway Station, serviced by the 2 and 5 trains. The lot is located within a small commercial center, spreading over four blocks. Properties Resources Corporation will be responsible for the development.

Rendering Revealed for Raymond Chan-Designed 43-46 39th Place, Sunnyside, Queens

7:00 am on November 21, 2017 By Andrew Nelson

Permits have been filed for an eight-story mixed-use building at 43-46 39^th Place, in Sunnyside, Queens. The site is a block from the 40^th Street-Lowery Street Station, serviced by the 7 train. The lot is right on the corner of Queens Boulevard, which is populated with retail and restaurant storefronts for several blocks, and YIMBY now has the reveal for the design, by Raymond Chan Architects.

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Affordable housing

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