The development team behind Victory Plaza, a new 100% affordable senior housing project, has successfully closed on $65 million in construction financing to facilitate completion of the project. Located in Harlem at 11 West 118th Street, the building will eventually rise nine stories and comprise 136 rental homes. A total of 41 units will be reserved for the formerly homeless.
Located between Schenck Avenue and Barbey Street in East New York, Brooklyn, permits are up for a new residential project at 518-523 Belmont Avenue. Nearby transit access is two city blocks west, at the Van Siclen Avenue subway station, serviced by the A and C trains on Pitkin Avenue. The project consists of supportive housing in conjunction with the New York City Department of Housing and Preservation’s Supportive Housing Loan Program.
Over the course of 2018, the New York City Department of Housing Preservation and Development increasingly shifted focus to the development of sustainable, environmentally-conscious housing for low-income New Yorkers. Today, YIMBY has the first look at one such three-story, multi-unit housing development at 190 Essex Street, in Cypress Hills, Brooklyn.
Permits have been filed for a nine-story mixed-use building at 740 Brook Avenue, in Melrose, The Bronx. Located between East 156th and East 157th Streets, the corner site is one block east of the neighborhood’s main thoroughfare, Third Avenue. Less than a half mile east is the Jackson Avenue subway station serviced by the 2 and 5 trains. New York City’s Department of Housing Preservation and Development is listed as the owner behind the applications. In August of 2018, a proposed remedy was released by the New York State Department of Environmental Conservation (NYSDEC) to address brownfield contamination so the site can be redeveloped.
The Doe Fund is bringing 68 units of affordable and supportive housing to the Bedford Park neighborhood of The Bronx. The New York City-based nonprofit organization, in partnership with HPD, has broken ground on a 10-story building catering to under-served populations at 3188 Villa Avenue. The supportive housing is a five minute walk north to Mosholu Parkway subway station serviced by the 4 train, and a five minute walk south to the Bedford Park Boulevard station serviced by the B and D trains.
