Affordable housing


Jasper Progresses at 2-33 50th Avenue in Long Island City, Queens

Construction is rising on Jasper, a 13-story residential building at 2-33 50th Avenue in Long Island City, Queens. Designed by S9 Architecture and developed by The Domain Companies, LMXD, and The Vorea Group, the 125-foot-tall structure will span 550,000 square feet and yield 499 units in studio to three-bedroom layouts with 150 reserved for affordable housing, as well as 40,000 square feet of retail space, 503 square feet for a community facility that will be built as part of the Brownfield Award, 111 enclosed parking spaces, and a 30-foot-long rear yard. Congress Builders is the general contractor for the $370 million project, which is alternately addressed as 49-20 5th Street and bound by 49th Avenue to the north, 50th Avenue to the south, and 5th Street to the east.

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Rendering of indoor garden at Baisley Park, courtesy of Slate Property Group

JFK Airport Hotel To Be Converted Into Affordable Housing at 144-02 135th Avenue in South Jamaica, Queens

Slate Property Group and RiseBoro Community Partnership have completed the acquisition of the former JFK Hilton Hotel at 144-02 135th Avenue in South Jamaica, Queens, paving the way for a landmark affordable housing project. This initiative marks the first-ever conversion of a former hotel into permanently affordable housing under New York’s Housing Our Neighbors with Dignity Act (HONDA).

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Housing Lottery Launches for Linden Grove Senior Residences at 223 Linden Street in Bushwick, Brooklyn

The affordable housing lottery has launched for Linden Grove Senior Residences, a 13-story residential buildings at 223 Linden Street in Bushwick, Brooklyn. Developed by Blue Sea Development Company and Gilbane Development Company, the structure yields 153 residences. Available on NYC Housing Connect are 80 units for residents at 50 percent of the area median income (AMI), ranging in eligible income from $72,000 to $167,570.

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550 Tenth Avenue Tops Out in Hell’s Kitchen, Manhattan

At number 15 on our year-end countdown of the tallest buildings under construction in New York is 550 Tenth Avenue, a 520-foot-tall residential skyscraper in Hell’s Kitchen. Designed by Handel Architects and developed by Gotham Organization and Goldman Sachs Asset Management JV, the 47-story structure will span 430,000 square feet and yield 453 rental units, with 137 reserved for affordable housing, as well as 9,000 square feet of lower-level retail space, over 20,000 square feet of amenities, and 26,764 square feet of administrative office space for Covenant House. GO Covenant LLC is the owner and Monadnock Construction is the general contractor for the property, which is located along Tenth Avenue between West 40th and 41st Streets.

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