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.
Permits have been filed for a seven-story mixed-use building at 2070 Chatterton Avenue in Castle Hill, The Bronx. Located between Pugsley Avenue and Olmstead Avenue, the lot is near the Castle Hill Avenue subway station, serviced by the 6 train. Guido Subotovsky under the Azimuth Development Group is listed as the owner behind the applications.
The affordable housing lottery has launched for River Crest, a 17-story mixed-use building at 1164 River Avenue in Cromwell-Jerome, The Bronx. Designed by Aufgang Architects and developed by Maddd Equities, the structure yields 500 residences, 83,650 square feet of commercial space, and 84 parking spaces. Available on NYC Housing Connect are 225 units for residents at 30 to 80 percent of the area median income (AMI), ranging in eligible income from $15,429 to $132,400.
The affordable housing lottery has launched for 64 Scholes Street, an eight-story senior housing building in Williamsburg, Brooklyn. Designed by Aufgang Architects and developed by Arker Companies, the structure yields 65 residences and community facility space. Available on NYC Housing Connect are 44 units for residents at 60 percent of the area median income (AMI), ranging in eligible income from $38,263 to $57,300.
Lam Group and Exact Capital Group have closed on a $167.5 million construction loan to refinance Victoria Tower Residences, a 26-story mixed-use rental property in Central Harlem. The building is located at 233 West 125th Street, a site formerly occupied by the historic Victoria Theatre.
