LIHC Investment Group, Camber Property Group and Settlement Housing Fund have completed an $85 million acquisition of Lexington Court in East Harlem. The nine-building complex comprises 229 affordable apartments primarily along East 118th and East 119th Streets surrounding Park, Lexington, and Third Avenues.
Renderings from GKA Design Group reveal a nine-story mixed-use property at 35-01 Vernon Boulevard Long Island City, Queens. The developer, Agayev Holding, is now pursuing zoning text amendments to permit construction for the nine-story building, which is located in an area currently zoned for three- to four-story multifamily buildings.
The affordable housing lottery has launched for Sendero Verde Phase I, a 15-story building at 60 East 112th Street and a ten-story building at 75 East 111th Street in East Harlem, Manhattan. Designed by Handel Architects and developed by L+M Development Partners, Jonathan Rose Companies, and Acacia Network, the Sendero Verde complex will yield nearly 700 residences when all phases are complete, along with numerous outdoor green spaces and community facility space for social services. Available on NYC Housing Connect are 324 units for residents at 30 to 110 percent of the area median income (AMI), ranging in eligible income from $15,806 to $162,800.
Leasing is now underway at Brooklyn Crossing, a new 51-story residential tower in Prospect Heights, Brooklyn. Located at 18 Sixth Avenue, the property is the latest building to debut within the 22-acre Pacific Park master-planned development zone.
The affordable housing lottery has launched for One South First, aka Ten Grand Street, a 45-story mixed-use residential building at 266 Kent Avenue on the waterfront of Williamsburg, Brooklyn. Designed by COOKFOX Architects and developed by Two Trees Management, the structure yields over 300 residences. Available on NYC Housing Connect are 89 units for residents at 80 to 130 percent of the area median income (AMI), ranging in eligible income from $55,646 to $167,570.
