The affordable housing lottery has launched for 2779 and 2781 University Avenue, a pair of four-story residential buildings in Jerome Park, The Bronx. Designed by Woody Chen of Infocus and developed by Yaniv Zohar, the structures yield a total of 18 residences. Available on NYC Housing Connect are six units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $61,715 to $167,570.
At number 11 on our construction countdown is 41-47 West 57th Street, an 1,100-foot-tall mixed-use skyscraper on Billionaires’ Row in Midtown. Designed by OMA and developed by Sedesco, the 63-story, 443,000-square-foot tower will yield 119 residential units spread across 237,000 square feet, a 158-room hotel spanning 205,100 square feet on floors two through 20, and a 10,212-square-foot restaurant. The skyscraper will rise from a plot between Fifth and Sixth Avenues and will have frontage along both West 57th and West 58th Streets.
Construction is complete on 460 West 41st Street, a 164-foot-tall mixed-use building in Midtown West. Designed by FXCollaborative and developed by Covenant House, the 80,290-square-foot structure is the first supportive housing development by the company in nearly 50 years and was made possible with help from Gotham Organization and Denham Wolf Real Estate Services. The site is located along the southern border of Hell’s Kitchen between Eighth and Ninth Avenues and West 40th and West 41st Streets, and is a short distance from the Port Authority Bus Terminal. The building will yield 60 residential units averaging approximately 884 square feet, as well as a 53,053-square-foot community facility. The project was last reported to cost $128 million.
Permits have been filed for a 17-story residential building at 3250 Westchester Avenue in Pelham Bay, The Bronx. Located at the intersection of Wilkinson Avenue and Westchester Avenue, the lot is one block from the Pelham Bay Park subway station, serviced by the 6 train. Marcal Group is listed as the owner behind the applications.
At number 12 on our construction countdown is 520 Fifth Avenue, a proposed 995-foot-tall mixed-use skyscraper in Midtown, Manhattan. Designed by Kohn Pedersen Fox and developed by Rabina Properties, who took over as the lead developer in 2019 from Ceruzzi Properties and SMI USA, the 507,608-square-foot structure will yield 98 residential units, commercial space, and four cellar levels. Permit applications that were filed in the beginning of 2021 for the project, which is located at the corner of Fifth Avenue and West 43rd Street.