The affordable housing lottery has launched for 25-18 32nd Street, a six-story mixed-use building in Astoria, Queens. The 7,081-square-foot masonry development yields seven units. Available on NYC Housing Connect are three units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $61,715 to $159,640.
Permits have been filed for four three-story residential buildings at 2570-2576 Young Avenue in Pelham Gardens, The Bronx. Located between Allerton Avenue and Mace Avenue, the adjacent lots are within walking distance of the Pelham Parkway subway station, serviced by the 5 train. Saman Rabbanifar under the Young Avenue Development LLC is listed as the owner behind the applications.
This week the New York State Court of Appeals shut down a lawsuit opposing the development of four new skyscrapers in Lower Manhattan’s Two Bridges neighborhood, as reported in The Broadsheet. This legal move upheld the August ruling by Appellate Division of the New York State Supreme Court in favor of a group of developers, including JDS Development Group, CIM Group, L+M Development Partners, and Starrett Corporation, to build four more towers along the Two Bridges waterfront on the Lower East Side. The site is bound by Cherry Street to the north, South Street to the south, mid-block between Pike Slip and Rutgers Street to the west, and mid-block between Clinton and Montgomery Streets to the east.
Excavation has begun at 55 Suffolk Street and 64 Norfolk Street, the site of Broome Street Development, a mixed-use complex on Manhattan’s Lower East Side. Designed by Dattner Architects and developed by Gotham Organization, the project encompasses two buildings spanning a combined 387,223 square feet that will yield 488 rental units, of which 43 percent will be dedicated to permanently affordable homes. Both buildings will rise by the intersection of Broome and Norfolk Streets.
The Yonkers Industrial Development Agency has granted preliminary approvals for an incentives package in support of a new 14-story residential building. Located within the Monarch at Ridge Hill planned community, the tower will debut as Horizon at Ridge Hill and is the community’s third residential tower.
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