L&M Development Partners and Wilder Balter Partners Inc. have completed work on their $190 million project in downtown New Rochelle, called ‘Stella’. The new addition to the city at 10 LeCount Place stands as a 28-story mixed-use residential building. The property is designed by Beyer Blinder Belle and offers 380 homes, including studios and one- and two-bedroom apartments. The Marketing Directors is the exclusive leasing and marketing firm for the development. The gross monthly rents for the 285 market rate residences start around $2,000 per month. Stella is built to Enterprise Green Communities efficiency standard, including Energy Star appliances, Zero-VOC interior paints, LED light fixtures, and water- conserving plumbing fixtures.
The Landmarks Preservation Commission (LPC) is now reviewing proposals to replace a deteriorating low-rise property at 182-186 Spring Street with a new seven-story mixed-use building. The existing property is located in the Sullivan-Thompson Historic District, a newly designated district in the South Village section of Manhattan, and will require a Certificate of Appropriateness from the LPC before construction can break ground.
The affordable housing lottery has launched for Raven Hall, a nine-story mixed-use building at 2006 Surf Avenue in Coney Island, Brooklyn. Designed by Stephen B. Jacobs Group and developed by Georgica Green Ventures, New York City Department of Housing Preservation and Development, and Concern for Independent Living, the 231,978-square-foot structure contains residences, ground-floor commercial space, and parking for 102 vehicles. Available on NYC Housing Connect are 138 units for residents at 40 to 100 percent of the area median income (AMI), ranging in eligible income from $21,635 to $148,000.
Permits have been filed for a six-story residential building at 1701 Clay Avenue in Concourse, The Bronx. Located between East 173rd and East 174th Streets, the interior lot is within walking distance of the 174-175 Streets subway station, serviced by the B and D trains. Chananya Bineth of Pointy Developments is listed as the owner behind the applications.
Podium work is progressing for Madison House, an 805-foot-tall residential skyscraper at 126 Madison Avenue and the tallest structure in the Midtown district of NoMad. Alternately addressed as 15 East 30th Street, the 62-story tower is designed by Handel Architects and developed by Fosun Group and JD Carlisle and will yield 199 condominiums with sales and marketing led by Douglas Elliman Development Marketing, as well as 7,500 square feet of ground-floor retail space. Madison House has a footprint stretching between East 30th and 31st Streets and Madison Avenue. Madison House is currently more than 50 percent sold with over $300 million in sales, and occupancy is expected to begin this winter.