Affordable housing

Housing Lottery Launches for 539 Vanderbilt Avenue in Clinton Hill, Brooklyn

7:00 am on May 7, 2022 By Vanessa Londono

The affordable housing lottery has launched for 539 Vanderbilt Avenue, a 29-story residential tower at 550 Clinton Avenue in Clinton Hill, Brooklyn. Designed by Morris Adjmi Architects and developed by Hope Street Capital, the structure yields 284 apartments and about 60,000 square feet of retail space. Available on NYC Housing Connect are 80 units for residents at 70 to 130 percent of the area median income (AMI), ranging in eligible income from $48,206 to $215,150.

Renderings of the new mixed-income property at Essex Plaza - Courtesy of Fairstead

Rendering Revealed for Mixed-Use Affordable Housing Development in Newark, New Jersey

7:30 am on May 6, 2022 By Sebastian Morris

Fairstead and LIHC Investment Group have announced plans for a six-story mixed-use development at 127 Orchard Street in Newark, New Jersey. Part of Essex Plaza, a 13-building residential complex, the new structure will replace a surface-level parking lot and yield 365,000 square feet with 241 units. Forty percent of these will be set aside as affordable units for households and individuals at 60 percent area median income (AMI). In practice, that equates an annual income of $64,400 for a four-person household.

Affordable Housing Units Still Available at One Bell Slip in Greenpoint, Brooklyn

7:00 am on May 5, 2022 By Vanessa Londono

There are still over 30 units with one month free rent available in the affordable housing lottery for One Bell Slip, a 31-story residential building in Greenpoint, Brooklyn. Designed by Handel Architects and developed by Brookfield Properties and Park Tower Group, the structure added 413 residences to the Greenpoint Landing complex. Available on NYC Housing Connect are 33 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $81,258 to $187,330.

Rendering of 70 Westchester Avenue in White Plains

Westchester County Approves Incentive Package for 70 Westchester Avenue in Downtown, White Plains

7:00 am on May 1, 2022 By Sebastian Morris

The Westchester County Industrial Development Agency has approved an incentives package to facilitate the construction of a three-building residential complex in downtown White Plains. The property is located at 70 Westchester Avenue and is currently occupied by a Chrysler Jeep dealership and service center.

Maverick Chelsea Opens for Occupancy at 225 West 28th Street in Chelsea, Manhattan

7:30 am on April 29, 2022 By Sebastian Morris

HAP Investments has received the first temporary Certificate of Occupancy for Maverick Chelsea, a 20-story residential building at 225 West 28th Street in Chelsea, Manhattan. Designed by DXA Studio, the structure yields 112 rental units including 35 units designated for residents at 70 to 80 percent area median income (AMI).

Haus25 Completes Construction at 25 Columbus Drive in Jersey City

8:00 am on April 27, 2022 By Michael Young

Construction is complete on Haus25, a 57-story mixed-use skyscraper at 25 Columbus Drive in Jersey City. Designed by Elkus Manfredi Architects and developed by Veris Residential, the 626-foot-tall structure yields 750 residential units with interiors designed by Fogarty Finger, as well as an adjacent school designed by KSS Architects in the low-rise podium to the east. Melillo + Bauer Associates is the landscape designer, DeSimone Consulting Engineers is the structural engineer, Inglese Architecture + Engineering is the civil engineer, and AMA Consulting Engineers is the mechanical engineer for the New Jersey project, which is bound by Christopher Columbus Drive to the north, Montgomery Street to the south, Washington Street to the east, and Warren Street to the west.

Updated preliminary rendering of 260 South Street towers

Chetrit Group Secures $70M Loan to Purchase 260 South Street on Manhattan’s Lower East Side

7:30 am on April 27, 2022 By Sebastian Morris

The Chetrit Group is now the owner of 260 South Street, a forthcoming high-rise complex on the Lower East Side of Manhattan, following a $70 million acquisition loan from Madison Realty Capital. The waterfront development will eventually include 64-story and 74-story towers in the Two Bridges section of the neighborhood.

Housing Lottery Launches for 225 Units at River Crest in South Bronx

7:00 am on April 27, 2022 By Vanessa Londono

The affordable housing lottery has launched for River Crest, a 17-story mixed-use building at 1164 River Avenue in Cromwell-Jerome, The Bronx. Designed by Aufgang Architects and developed by Maddd Equities, the structure yields 500 residences, 83,650 square feet of commercial space, and 84 parking spaces. Available on NYC Housing Connect are 225 units for residents at 30 to 80 percent of the area median income (AMI), ranging in eligible income from $15,429 to $132,400.

The Willoughby Completes Construction at 196 Willoughby Street in Downtown Brooklyn

8:00 am on April 24, 2022 By Michael Young

Construction is complete on The Willoughby, a 34-story mixed-use tower at 196 Willoughby Street on Long Island University‘s Downtown Brooklyn campus. Designed by Perkins Eastman and developed by RXR Realty, the structure yields 476 residential units as well as academic and office spaces, an adjacent athletic field, and parking for 564 vehicles. Hunter Roberts Construction Group served as the general contractor for the project, which is bound by Willoughby Street to the north, Ashland Place to the east, DeKalb Avenue to the south, and Flatbush Avenue Extension to the west.

Demolition Complete for 45-Story Tower at 570 Fulton Street in Fort Greene, Brooklyn

8:00 am on April 22, 2022 By Michael Young

Demolition is complete at 570 Fulton Street, the site of a 45-story mixed-use tower in Fort Greene, Brooklyn. Designed by Hill West Architects and developed by Davis Companies, which took over for Slate Property Group in late 2020, the 200,000-square-foot structure will yield 123 apartments above 87,000 square feet of commercial space. The property is located on a plot bound by Fulton Street to the north, Flatbush Avenue to the west, and Rockwell Place to the east.

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Affordable housing

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