The affordable housing lottery has launched for 477 Gerard Avenue, a 13-story residential building in Mott Haven, The Bronx. Designed by Michael Kang Architecture and developed by Jai Ganesh Realty, the structure yields 66 residences. Available on NYC Housing Connect are 20 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $61,715 to $198,250.
Construction is finishing up on The Yellowstone, an 11-story residential building at 69-65 Yellowstone Boulevard in Forest Hills, Queens. Designed by Aufgang Architects and developed by Slate Property Group and Grobman-Gross Properties, the 182,000-square-foot structure yields 166 apartments in one- to two-bedroom layouts with 50 units designated as affordable housing, as well as a 50,000-square-foot Trader Joe’s, space for a bank branch, and 186 enclosed parking spaces. MNS Real Estate is leading leasing and marketing and SD Builder and Construction is the general contractor for the property, which is bound by Queens Boulevard to the northeast, Yellowstone Boulevard to the northwest, 69th Road to the southeast, and Gerard Place to the southwest.
Developer LCOR has closed on a $94 million loan to complete a 28-story residential tower in New Rochelle, New York. The property is located at 247 North Avenue and is on track to debut as one of the largest buildings to incorporate a geothermal system for heating and cooling interior spaces.
The affordable housing lottery has launched for Horizon HDFC, a 12-story mixed-use co-op building at 3595 Broadway in Hamilton Heights, Manhattan. Designed by Magnusson Architecture & Planning, the structure yields 43 residences. Available on NYC Housing Connect are 10 units for residents at 130 to 165 percent of the area median income (AMI), ranging in eligible income from $113,500 to $251,625.
The affordable housing lottery has launched for 1182 Ogden Avenue, a seven-story residential building in Highbridge, The Bronx. Designed by Tan Architect and developed by Fabian Ramirez under the 1174 Ogden LLC, the structure yields 21 residences. Available on NYC Housing Connect are seven units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $73,715 to $165,230.
