Renderings have been revealed 2016 Arthur Avenue, a nine-story affordable housing complex coming to Tremont, The Bronx. Foxy Management will develop the building, with an affiliation to the Riverdale-based Hebrew Home for the Aged. This will be their second project working together, after the identically natured and 90% complete 1880 Boston Road.
While YIMBY normally covers aggregate new building applications on an annual basis, this year, we have released our first mid-year pipeline report, and the results are surprisingly positive. After two years of declining applications following the frenzies of 2014 and 2015, the preliminary numbers for 2018 appear to be signaling a major uptick in activity. Year-over-year filings of new residential units have grown substantially, rising from 9,134 in the first six months of 2017, to 15,305 in 2018 — an increase of 67.5%.
A new 11-story building is about to rise on the Upper East Side, between East 74th Street & East 75th Street, along York Avenue. Permits for 1402 York Avenue were issued last month to begin construction on the new affordable housing structure, which will have a masonry and glass facade. The developer of the project is Crest Group.
Permits have been filed for an eight-story affordable senior housing structure at 64 Scholes Street in Williamsburg, Brooklyn. The site is within walking distance to three different subway stations, collectively providing access to the G, J, L, M, and Z trains. Alex Arker of the Arker Companies is responsible for the development.
Plans have been revealed for 670 new affordable apartments within two buildings in Downtown Far Rockaway, Queens. The project comes as part of the neighborhood’s rezoning announced last September. The NYC Economic Development Corporation (NYCEDC) along with the Department of Housing Preservation and Development (HPD), and the Housing Development Corporation (HDC) jointly announced the project.
Notifications