The affordable housing lottery has launched for 1073 Summit Avenue, a ten-story residential building in Highbridge, The Bronx. Designed by Marin Architects and developed by Stagg Group, the structure yields 105 residences. Available on NYC Housing Connect are 32 units for residents at 120 percent of the area median income (AMI), ranging in eligible income from $54,858 to $154,680.
Permits have been filed for an eight-story residential building at 2957 Shell Road in Coney Island, Brooklyn. Located between Neptune Avenue and Shore Parkway, the lot is within walking distance of the Neptune Avenue subway station, serviced by the F train. Elie Fouerti of 1 STOP is listed as the owner behind the applications.
Exterior work is wrapping up on 550 Clinton Avenue, a 29-story mixed-use project in Clinton Hill, Brooklyn. Designed by Morris Adjmi Architects and developed by Hope Street Capital, the 280,000-square-foot structure will yield 284 apartments and about 60,000 square feet of retail space. 550 Clinton Avenue is bound by Atlantic Avenue to the south, Clinton Avenue to the east, and Vanderbilt Avenue to the west.
Westchester County’s Industrial Development Agency has approved two substantial multifamily rental properties in downtown White Plains. Referred to simply as the IDA, the agency works to facilitate diversification and urbanization of the county through the construction of vibrant mixed-use developments. Together these new properties will create 346 new apartments and represent $131 million in private investment.
The affordable housing lottery has launched for 425 Grand Concourse, a 26-story mixed-use building in Mott Haven, The Bronx. Designed by Dattner Architects, the structure yields 277 residences, a neighborhood supermarket, a community health center, a cultural center, and a 30,000-square-foot educational facility for CUNY’s Hostos Community College. Available on NYC Housing Connect are 248 units for residents at 30 to 130 percent of the area median income (AMI), ranging in eligible income from $15,360 to $192,400.
