New York City Mayor Eric Adams has announced a multi-phase initiative to create up to 4,000 new apartments in Central Brooklyn. Known as the Atlantic Avenue Mixed-Use Plan, projections also anticipate the creation of more than 1,500 income-restricted homes centered on a 13-block stretch of Atlantic Avenue.
Mayor Eric Adams has ushered in the next phase of the Midtown South Neighborhood Action Plan, a community development plan aimed at facilitating the conversion of office properties into multifamily residential buildings. Over time, the plan will update existing zoning rules and administrative hurdles that slow down the process for developers.
Gilbane Development Company, Hudson Companies, and MHANY Management have secured $297 million to complete phase two of The Peninsula, a mixed-use, 100-percent affordable housing complex in Hunts Point, The Bronx. The five-building master plan is being designed by WXY Architecture + Urban Design and Body Lawson Associates, Architects & Planners and will be delivered in three phases.
NYCHA has announced a $1.5 billion plan to demolish and rebuild the Fulton and Elliott-Chelsea Houses in Chelsea. To complete the project, NYCHA has partnered with Essence Development and Related Companies, who will also work closely with residents and tenant associations to help ensure alignment among all community members.
The New York City Housing Authority has partnered with BFC Partners, CB Emmanuel Realty, and non-profit organization Catholic Homes New York to complete $100 million in capital improvements at the West Brighton residential campus in Staten Island. Known formally as West Brighton I and II, the scope of work will impact more than 1,400 residents or 574 apartments spread across 14 buildings.
