Residential

14 Second Avenue Begins Ascent Over The East Village, Manhattan

Construction is rising on 14 Second Avenue, a ten-story residential building in the East Village. Designed by David Cutler of Hustvedt Cutler Architects and developed by Daniel Vislocky of Station Companies, the 100-foot-tall, 22,247-square-foot development will yield ten units averaging 1,685 square feet apiece. The property is also expected to have two cellar levels and a 30-foot-long rear yard. New Empire Building Corporation is the general contractor for the project, which is narrowly wedged between First State Green Cultural Park and a row of low-rise buildings between East Houston and East 1st Streets.

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Housing Lottery Launches for 65 Buchanan Place in University Heights, The Bronx

The affordable housing lottery has launched for 65 Buchanan Place, a seven-story mixed-use building in University Heights, The Bronx. Designed by Asher Hershkowitz Architect and developed by Craig Nassi of BCN Development, the structure yields 23 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 $60,515 to $139,620.

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Brooklyn Borough President Eric Adams and 'The Fountains' project team celebrate the completion of construction- Photo by Gerri Hernandez

The Fountains Affordable Housing Complex Completes Construction in East New York, Brooklyn

Construction is now complete on The Fountains, a six-building affordable housing complex in East New York, Brooklyn. Developed by Long Island-based Arker Companies, which purchased the site for $10 million following a competitive request for proposal process facilitated by the Empire State Development Corporation, the development yields 1,163 affordable homes, commercial space, and a new public plaza.

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View of front elevation at 1490 Southern Blvd

1490 Southern Boulevard Completes Construction in Charlotte Gardens, The Bronx

Type A Real Estate Advisors and JASA recently completed a new affordable housing development at 1490 Southern Boulevard in The Bronx. The 100-percent affordable project is located in the borough’s Charlotte Gardens neighborhood and comprises 114 units for households making up to 50 percent area median income (AMI). Thirty percent of the units will be set aside formerly homeless older adults.

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