Affordable housing

455 Ocean Avenue

Four-Story, 64-Unit Mixed-Use Affordable Project Beaks Ground At 455 Ocean Avenue, Jersey City

A groundbreaking ceremony was recently held for the four-story, 64-unit mixed-use building planned at 455 Ocean Avenue, located on the corner of Dwight Street, in Jersey City’s Greenville section. The project, dubbed Dr. Lane Frances Edwards Apartments, will boast ground-floor commercial retail space and a mix of supportive and affordable rental apartments. There will be five units set aside for homeless veterans, while the other 59, comprised of one-, two- and three-bedrooms, will rent at below-market rates to families of a limited income, the Jersey Journal reported. The Jersey City Redevelopment Agency (JCRA) is the developer and Kitchen & Associates is behind the design.

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147-07 94th Avenue

Mixed-Use Tower With Residential Units And Retail Planned At 147-07 94th Avenue, Jamaica

Phoenix Realty Group and Artimus Construction have acquired a 52-year ground lease for the development site at 147-07 94th Avenue in downtown Jamaica. The property was valued at roughly $34 million, and the development teams plan to build a mixed-use project with residential units and commercial-retail space. The residential units will be a mix of market-rate and affordable apartments.

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22-44 Jackson Avenue

Two-Towered 1,115-Unit Mixed-Use Development Rises To Second Floor At 22-44 Jackson Avenue Long Island City

Construction is now two stories above street level—a two-story increase since the end of May—on the two-towered, 48- and 41-story, 1,115-unit mixed-use development replacing 5Pointz at 22-44 Jackson Avenue, in the Court Square section of Long Island City. The latest photos of the site can be seen at The Court Square Blog. The entire complex will encompass 1,209,884 square feet, including 39,765 square feet of commercial space on the ground and cellar levels. Some of that space will be for 20 artists’ studios. The residential units will be rentals averaging 876 square feet apiece. Twenty percent of them, or 223 units, will rent at below-market rates through the affordable housing lottery. G&M Realty is the developer and HTO Architect is behind the architecture. Completion is expected towards the end of 2017.

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