Affordable housing

55 Suffolk Street Reaches Pinnacle Over Manhattan’s Lower East Side

8:00 am on February 16, 2022 By Michael Young

Construction has topped out on 55 Suffolk Street, a 30-story residential building on Manhattan’s Lower East Side. Designed by Dattner Architects and developed by Gotham Organization, the 310-foot-tall structure is the taller in the two-building Broome Street Development complex along with the 16-story The Norfolk Senior Housing Building at 64 Norfolk Street to the west. Both buildings will collectively span 387,223 square feet and yield a total of 488 rental units, of which 43 percent will be dedicated to permanently affordable housing. Monadnock Construction, Inc. is the general contractor for the two buildings, which are being built between Suffolk and Norfolk Streets.

Rendering of 555 Broadway - ODA Architecture

New Development Team Revealed for 555 Broadway in Williamsburg, Brooklyn

7:00 am on February 15, 2022 By Sebastian Morris

Loketch Group, the Joyland Group, and Meral Property Group have formed a joint venture to begin a new mixed-use project at 555 Broadway in Brooklyn. The address represents a large, wedge-shaped assemblage on the border of South Williamsburg and Broadway Triangle.

Housing Lottery Launches for 1543 Jesup Avenue in Mount Eden, The Bronx

6:30 am on February 15, 2022 By Vanessa Londono

The affordable housing lottery has launched for 1543 Jesup Avenue, a five-story residential building in Mount Eden, The Bronx. Designed by ADB Associates and developed by Lefko Capital Group, the structure yields 21 residences. Available on NYC Housing Connect are seven units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $59,143 to $167,570.

Nevins Street Apartments Nears Completion at 50 Nevins Street in Downtown Brooklyn

7:30 am on February 14, 2022 By Michael Young

Construction is finishing up on The Nevins Street Apartments, a residential building at 50 Nevins Street in Downtown Brooklyn. Designed by Dattner Architects and developed by Institute for Community Living (ICL), the project involved the gut renovation of a 95-year-old eight-story building and the construction of a ten-story volume along Schermerhorn Street that extends over the northeast corner of the original structure’s roof. The 114,000-square-foot property will yield 129 affordable apartments as well as mental health support services for low-income residents. Mega Contracting Group LLC is the general contractor and King Contracting Group built the masonry walls for the addition, which is located at the corner of Nevins and Schermerhorn Streets.

Flatbush Central Caribbean Marketplace Debuts at Caton Flats in Flatbush, Brooklyn

7:00 am on February 14, 2022 By Sebastian Morris

Caton Flats, a new 14-story affordable housing property in Brooklyn, is now the new home of the Flatbush Central Caribbean Marketplace. Located at 2123 Caton Avenue in Flatbush, the marketplace formerly existed as Flatbush Caton Market and was a neighborhood staple for more than 20 years.

211 McGuinness Boulevard, rendering by Gene Kaufman Architect

Housing Lottery Launches for Otto Greenpoint at 211 McGuinness Boulevard in Greenpoint, Brooklyn

6:30 am on February 14, 2022 By Vanessa Londono

The affordable housing lottery has launched for Otto Greenpoint, an eight-story mixed-use building at 211 McGuinness Boulevard in Greenpoint, Brooklyn. Designed by Gene Kaufman and developed by Stellar Management, the structure yields 197 residences. Available on NYC Housing Connect are 60 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $75,463 to $167,570.

Housing Lottery Launches for 1073 Summit Avenue in Highbridge, The Bronx

7:00 am on February 12, 2022 By Vanessa Londono

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.

Westchester IDA Approves Financial Incentives for Two Multi-Family Developments in Downtown White Plains

7:30 am on February 11, 2022 By Sebastian Morris

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.

Affordable Housing Lottery Launches for 227 Units at 425 Grand Concourse in Mott Haven, The Bronx

7:00 am on February 11, 2022 By Vanessa Londono

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.

Housing Lottery Launches for 14 Duffield Street in Downtown Brooklyn

6:30 am on February 10, 2022 By Vanessa Londono

The affordable housing lottery has launched for 14 Duffield Street, a six-story residential building in Downtown Brooklyn. Designed by WJH Architect, the structure yields 12 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 $82,286 to $167,570.

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Affordable housing

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