A car rental office on a bustling stretch of Northern Boulevard in Jackson Heights may give way to an eight-story office building. YIMBY has the first look at the project, which has to make its way through the rezoning process before it can become a reality.
88 and 90 Lexington Avenue were once office buildings—an Art Deco classic and a significantly less attractive 1950s neighbor. Both became rent stabilized apartments, until developer HFZ Capital scooped up the properties between 26th and 27th Streets in July 2013. Now they’re being transformed into condominiums, and YIMBY got a look inside.
The city is resurrecting a century-old proposal to deck over the active Sunnyside Yards in Queens and develop new housing, retail, and schools on top of it. The New York City Economic Development Corporation released a study this week examining whether the project is feasible and just how much it’ll cost.
A year and a half ago, YIMBY wrote about a pair of affordable rental buildings headed for the rent-stabilized Lafayette Boynton complex in the Soundview section of the South Bronx. Now, Nelson Management Group and L+M Development are breaking ground on the two towers at 1520 and 1530 Story Avenue.
Just over a year ago, city officials and Knicks player Carmelo Anthony stood in the cavernous Bedford Union Armory in Crown Heights and announced plans to redevelop the historic structure into affordable housing, a recreation center, and condos. Last night, City Councilmember Laurie Cumbo revealed that the city wasn’t sure how much federal housing funding it would receive under the Trump administration, and that uncertainty was threatening negotiations over the city budget and affordable housing at the armory.
