Affordable housing

1 Park Point Nears Completion In Windsor Terrace, Brooklyn

8:00 am on March 3, 2024 By Michael Young and Matt Pruznick

Construction is nearing completion on 1 Park Point, a 13-story residential building in Windsor Terrace, Brooklyn. Designed by FXCollaborative and developed by JEMB Realty, the 145-foot-tall structure will span 395,726 square feet and yield 375 rental units with an average scope of 798 square feet, 25 percent of which will be dedicated to affordable housing, as well as 5,388 square feet of retail space, 18,850 square feet of community space, a cellar level, and 106 enclosed parking spaces. INC Architecture & Design is the interior designer and Pavarini McGovern is the general contractor for the property, which was formerly addressed as 11 Ocean Parkway and is located on Machate Circle at the southwestern corner of Prospect Park, bound by Ocean Parkway, Coney Island Avenue, and Caton Place.

Render of Stevenson Square, courtesy of stevensonsquare.info

Stevenson Square Breaks Ground at 755 White Plains Road in Soundview, The Bronx

7:30 am on March 2, 2024 By Max Gillespie

Community leaders and elected officials celebrated the groundbreaking for Phase One of Stevenson Square, a new affordable housing development at 755 White Plains Road in Soundview, The Bronx. Spearheaded by Camber Property Group, this first phase will involve two projects: a multifamily rental building for seniors and a homeownership complex with affordable co-ops, both of which were designed by WXY Architecture. The broader Stevenson Square development, which plans to create nearly 1,000 affordable units in total, represents is a $1 billion investment in the Soundview neighborhood.

Housing Lottery Launches for 238 East 52nd Street in East Flatbush, Brooklyn

7:00 am on March 2, 2024 By Vanessa Londono

The affordable housing lottery has launched for 238 East 52nd Street, a four-story residential building in East Flatbush, Brooklyn. Designed by Djlu Architects and developed by Happy Living Development, the structure yields nine residences. Available on NYC Housing Connect are eight units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $105,223 to $165,230.

Upcoming Deadline for Affordable Housing Lottery at 1009 Nelson Avenue in Highbridge, The Bronx

6:30 am on March 1, 2024 By Vanessa Londono

The affordable housing lottery has launched for 1009 Nelson Avenue, a four-story residential building in Highbridge, The Bronx. Designed by Boaz M. Golani of BMG Architects and developed by Shaya Seidenfeld of MZS Realty, the structure yields 16 residences. Available on NYC Housing Connect are five units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $84,000 to $146,900.

Rendering illustrates 1057 Atlantic Avenue - Courtesy of Dencityworks

456-Unit Building Tops Out at 1057 Atlantic Avenue in Bed-Stuy, Brooklyn

8:00 am on February 29, 2024 By Michael Young and Matt Pruznick

Construction has topped out on 1057 Atlantic Avenue, a 17-story residential building in Bedford-Stuyvesant, Brooklyn. Designed by dencityworks and developed by Douglaston Development, the sprawling 474,000-square-foot structure will yield 456 rental apartments in studio to three-bedroom layouts, with 137 units reserved for affordable housing, as well as 35,000 square feet of amenities and 31,000 square feet of ground-floor retail space. Levine Builders is the general contractor for the $320 million project, which was formerly addressed as 1045 Atlantic Avenue and is located between Classon and Franklin Avenues.

Housing Lottery Launches for 4622 Fort Hamilton Street in Borough Park, Brooklyn

7:00 am on February 29, 2024 By Vanessa Londono

The affordable housing lottery has launched for 4622 Fort Hamilton Parkway, a six-story mixed-use building in Borough Park, Brooklyn. Designed by Ying Jiang of Basic Groups Corp. and developed by U.S. Developments Group, the structure yields 16 residences. Available on NYC Housing Connect are five units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $85,715 to $165,230.

Housing Lottery Launches for 1638 Park Avenue in East Harlem, Manhattan

7:00 am on February 28, 2024 By Vanessa Londono

The affordable housing lottery has launched for 1638 Park Avenue, a nine-story residential building in East Harlem, Manhattan. Designed by Marin Architects and developed by Affect Property Group, the structure yields 24 residences. Available on NYC Housing Connect are six units for residents at 40 to 80 percent of the area median income (AMI), ranging in eligible income from $31,818 to $122,000.

Updated rendering of 500 Main Street - Niles Bolton Associates; BRP Companies

500 Main Street Progresses in Downtown New Rochelle, New York

7:30 am on February 27, 2024 By Michael Young and Matt Pruznick

Construction is moving along on 500 Main Street, a 26-story mixed-use tower in downtown New Rochelle, New York. Designed by Niles Bolton Associates and developed by BRP Companies and the Urban Investment Group of Goldman Sachs Asset Management, the $200 million project will span 620,000 square feet and yield 477 rental apartments in studio to two-bedroom layouts, with 119 units dedicated to affordable housing, as well as 20,000 square feet for the New York Covenant Church, 2,000 square feet of retail space, and a 429-vehicle parking garage with electric vehicle charging stations. Skycore Builders Inc. is the general contractor for the development, which is being built on a 22,500-square-foot corner lot at the intersection of Main and Church Streets.

Housing Lottery Launches for 1716 East 54th Street in Flatlands, Brooklyn

6:30 am on February 25, 2024 By Vanessa Londono

The affordable housing lottery has launched for 1716 East 54th Street, a three-story residential building in Flatlands, Brooklyn. Designed by Bricolage Designs and developed by Pouyafar Fouad under the 1716 Holding LLC, the structure yields 11 residences. Available on NYC Housing Connect are four units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $123,429 to $198,250.

Related Companies Reveals Bid for Supertall Skyscraper Casino Complex in Hudson Yards, Manhattan

8:00 am on February 24, 2024 By Michael Young and Matt Pruznick

Plans have been revealed for Hudson Yards Phase Two, the latest bid for a potential mixed-use casino development in Manhattan. Partners Related Companies and Wynn Resorts filed plans with the Department of City Planning calling for a $12 billion complex consisting of multiple skyscrapers that would yield 1,500 apartments, 2 million square feet of office space, a public school and daycare center, and a hotel and casino operated by the Las Vegas-based hospitality brand. The development is slated to rise directly west of the first phase of Hudson Yards over the 13-acre open-air Western Rail Yards bound by West 33rd Street to the north, West 30th Street to the south, Eleventh Avenue to the east, and West Street to the west.

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Affordable housing

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