Construction has officially broken ground at Edgemere Commons, a new 11-building affordable housing complex located on the former Peninsula Hospital complex in Edgemere, Queens. The complex spans 9.35 acres and will eventually comprise 2.2 million square feet with 2,050 affordable and supportive housing units.
The affordable housing lottery has launched for 1111 Foster Avenue, a six-story mixed-use building also addressed as 1039 Coney Island Avenue in Ditmas Park, Brooklyn. Designed by Dome Architecture & Design, the structure yields 60 residences. Available on NYC Housing Connect are 18 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $56,572 to $215,150.
The affordable housing lottery has launched for 6375 Broadway, a seven-story residential building in North Riverdale, The Bronx. Designed by Marin Architects, the structure yields 65 residences and 36 parking spaces. Available on NYC Housing Connect are 23 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $61,715 to $187,330.
The Moinian Group and Bushburg have successfully closed on a $105 million construction loan to complete 2840 Atlantic Avenue, a rising property in East New York, Brooklyn that will include residential and affordable housing units, community space, lower-level retail, and 109 parking spaces.
Extell Development has broken ground on Hudson Piers, a $585 million project that will rank among the largest mixed-use developments in Westchester. Located on the Hudson River waterfront in Yonkers, Hudson Piers will yield a mix of market-rate housing, affordable apartments, and retail space, and will be completed in multiple phases over a six-year period.
