Affordable housing

Lincoln at Bankside Welcomes First Residents at 5 Lincoln Avenue in Mott Haven, The Bronx

Lincoln at Bankside is opening its doors to residents at 5 Lincoln Avenue in Mott Haven, The Bronx. Designed by Hill West Architects and developed by Brookfield Properties, the project features four 26-story towers with 921 residences, 40,000 square feet of amenities, a 32,000 square foot waterfront esplanade along the Harlem River, four new retail spaces, and 329 indoor parking spaces. Whitehall Interiors designed the residential interiors, which are split into 644 market-rate units and 277 affordable housing units. Following the 2017 creation of the Special Harlem River Waterfront Zoning District that was approved by the New York City Council, construction broke ground in May 2020 and topped out in October of 2021. Move-ins begin this month.

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Rendering of 240 Willoughby Street - Courtesy of Rabsky Group

240 Willoughby Street Nears Topping Out in Fort Greene, Brooklyn

Construction is nearing topping out on 240 Willoughby Street, a 30-story residential building in Fort Greene, Brooklyn. Designed by Fischer Rasmussen Whitefield Architects and developed by Rabsky Group, which purchased the property for $95 million in 2019, the structure will yield 300 rental units with 147 dedicated to affordable housing. 240 Willoughby LLC is the owner and Galaxy Developers is the general contractor for the project, which directly abuts an existing 21-story apartment building and is bound by Willoughby Street to the north, the Brooklyn Hospital Center to the south, Fort Greene Park to the east, and Ashland Place to the west.

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Daytime rendering of Ludlow Point at 150 Downing Street in Yonkers - Ginsburg Development Companies

City Officials Approve Financial Incentives for Ludlow Point at 150 Downing Street in Yonkers

The Yonkers Industrial Development Agency has approved a financial incentives package for Ginsburg Development Companies to complete Ludlow Point, a new, multi-phase rental property. Located at 150 Downing Street near Yonkers‘ waterfront edge, the first phase of development includes a seven-story building with 208 apartments and a 229-vehicle parking garage on two lower levels.

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Housing Lottery Launches for The Reserve at 212 East 125th Street in East Harlem, Manhattan

The affordable housing lottery has launched for The Reserve, a 12-story mixed-use building at 212 East 125th Street in East Harlem, Manhattan. Designed by ND Design and Architecture and developed by The Hakimian Organization, the structure yields 45 residences. Available on NYC Housing Connect are 34 for residents at 80 to 130 percent of the area median income (AMI), ranging in eligible income from $53,898 to $187,330.

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