In 2020, the Municipal Housing Authority for the City of Yonkers (MHACY) was responsible for the renovation of 1,336 affordable housing units as well as the new construction of 425 units to be completed this year.
Corcoran has released a new rendering detailing a possible renovation for a nine-story residential building at 19 West 55th Street in Midtown East, Manhattan. Located between Fifth and Sixth Avenues, the property’s $58.5 million price tag includes complete plans to transform the façade and interior organization for a multitude of use types.
Renovation work has begun at 27 Park Place, a five-story commercial building in Tribeca that has sat vacant for more than three years after suffering extensive damage from a six-alarm fire on September 1, 2017. Empire State Development, LLC is the general contractor for the project, which is located between Church Street and Murray Street.
Douglaston Development, New York State Homes and Community Renewal, and New York City Department of Housing Preservation and Development recently announced the closing of construction financing for a $93.5 million mixed-use affordable housing development. The senior housing development addressed as 2856 Webster Avenue will bring 188 units to the Bedford Park neighborhood in The Bronx.
Permits have been filed for an eight-story mixed-use building at 14-41 Broadway in Astoria, Queens. Located between 14th Street and 21st Street, the interior lot is five blocks west of the Broadway subway station, serviced by the N and W trains. Steven Rigogiannis of Plaza North 1031 is listed as the owner behind the applications.
