This week, developers and city officials celebrated the official opening of Camber Property Group‘s new affordable senior housing development in Harlem. The Dr. Joan O. Dawson Plaza, formerly known as Victory Plaza, is a 100-percent affordable complex with 136 units developed by Harlem Congregations for Community Improvement (HCCI) in partnership with Camber. The building was renamed in honor of Dr. Joan O. Dawson, the longtime chair of the Board of Directors at HCCI. Although residents began moving into the development in February, the official ribbon cutting was delayed until now.
Construction is currently ahead of schedule on One Madison Avenue, a 1.4-million-square-foot, 27-story office tower expansion in Manhattan’s historic Flatiron District. As of today, 100 percent of demolition work is complete and structural reinforcement is underway.
The Bungalow has opened as the latest addition to the Brookfield Place shopping and recreational center in Battery Park City. Located at the Upper Plaza of Brookfield Place, the same location of Brookfield’s seasonal ice skating rink, the plaza draws inspiration from the beachside retreats of Montauk, Long Island and offers fast-casual dining, a specialty bar, bocce courts, and ample seating.
SMA Equities recently secured a $56 million financing package to complete a new 20-story mixed-use building in Kips Bay, Manhattan. The project is located at 202 East 23rd Street and will eventually yield a mix of income-restricted and market-rate apartments and around 2,400 square feet of lower-level retail.
The affordable housing lottery has launched for The Gilroy, a 40-story tower at 232 East 54th Street in Midtown East, Manhattan. Designed by Ismael Leyva, the Art Deco-inspired high-rise yields 130 units. Available on NYC Housing Connect are 40 units for residents at 70 to 130 percent of the area median income (AMI), ranging in eligible income from $45,566 to $167,570.