The affordable housing lottery has launched for 422 East 31st Street, a four-story residential building in Flatbush, Brooklyn. Designed by Paul Lombardi of Design Studio Associates NY Inc. and developed by O&B Properties, the structure yields ten residences. Available on NYC Housing Connect are three units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $68,572 to $187,330.
Excavation has begun at 10 West 55th Street, the site of a 24-story residential building in Midtown, Manhattan. Designed by Morris Adjmi Architects and developed Garden Homes under the 18 West 55th Street LLC, the 289-foot-tall structure will yield 152,689 square feet with 96 units spread across 134,980 square feet, 17,709 square feet of commercial space, and a cellar level. Garden Homes and co-developer and general contractor Skyline Developers purchased the property, which is located between Fifth and Sixth Avenues, for $75 million in 2019.
Triangle Equities has recapitalized the Terminal Logistics Center, a forthcoming warehouse and air cargo development at 130-24 South Conduit Avenue in Jamaica, Queens in a new joint venture with the Urban Investment Group within Goldman Sachs.
The affordable housing lottery has launched for The Atrium at Sumner Senior Housing, an 11-story residential building at 57 Marcus Garvey Boulevard in Bedford-Stuyvesant, Brooklyn. Designed by Studio Libeskind and developed in partnership by RiseBoro Community Partnership, Urban Builders Collaborative, and Selfhelp Realty Group, The Melamid Institute for Affordable Housing, NYCHA, the NYC Department of Housing Preservation and Development, and the NYC Housing Development Corporation, the structure yields 190 residences. Available on NYC Housing Connect are 99 units for residents at 50 percent of the area median income (AMI), ranging in eligible income from $0 to $60,050.
Permits have been filed for a four-story residential building at 28 Richardson Street in Williamsburg, Brooklyn. Located between Union Avenue and Lorimer Street, the lot is near the Metropolitan Avenue-Lorimer Street subway station, serviced by the G and L trains. Yisroel Greenfeld is listed as the owner behind the applications.
