Affordable housing


The Sovereign

Local Politicians Spearhead Request by 26th Floor Resident Of The Sovereign for 250-Foot Height Limit in Vicinity

On Friday, Crain’s reported on a rezoning proposal to downzone Sutton Place and institute a 260-foot height limit on new developments in the area. What wasn’t reported was the real cause behind this not-so-arbitrary figure: the leader of the East River Fifties Alliance, Alan Kersh, happens to live on the 26th floor of The Sovereign, which at 47 stories tall, is almost double the height limit its residents want to force on new buildings in the blocks to the south.

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211 Elizabeth Street

City Envisions Seven-Story, 75-Unit Affordable Residential Building At 211 Elizabeth Street, NoLIta

Back in August of 2015, news broke that the city was moving forward with plans to develop affordable housing at the Elizabeth Street Garden, located at 211 Elizabeth Street (a.k.a. 21 Spring Street), in NoLIta. Now, Curbed NY reports the Department of Housing Preservation and Development is envisioning a seven-story, 60-to-75-unit residential building with retail space. The building would take up roughly 15,000 square feet on the 20,265 square-foot lot, and the units, which would be geared towards seniors, will average between 800 and 900 square feet apiece. The city plans to launch a Request for Proposals (RFP) in the spring and a developer will hopefully be selected by the end of the year. At that point, the project would require approval via the Uniform Land Use Review Procedure (ULURP). Construction is tentatively expected to begin in 2018 for completion in 2020.

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