The affordable housing lottery has launched for 14-43 31st Avenue, a five-story residential building in Astoria, Queens. Designed by Michael Karantinidis, the structure yields 21 residences and 12 parking spaces. Available on NYC Housing Connect are seven units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $98,503 to $156,130.
The affordable housing lottery has launched for Ruby, a 22-story, two-tower mixed-use development at 241 West 28th Street in Chelsea, Manhattan. Designed by COOKFOX Architects and developed by MAG Partners, Atalaya, Safanad, and Qualitas, the structure yields 480 residences. Available on NYC Housing Connect are 144 units for residents at 70 to 130 percent of the area median income (AMI), ranging in eligible income from $48,138 to $187,330.
The affordable housing lottery has launched for 200 Montague Street, a 20-story residential building in Brooklyn Heights, Brooklyn. Designed by Beyer Blinder Belle and developed by Aurora Capital Partners, the structure yields 121 residences. Available on NYC Housing Connect are 38 units for residents at 80 to 130 percent of the area median income (AMI), ranging in eligible income from $54,960 to $215,1500.
Exterior work is progressing on 142-150 South Portland Avenue, a 13-story mixed-use building in Fort Greene, Brooklyn. Designed by OCV Architects and developed by South Portland LLC, the 129-foot-tall structure will span 105,749 square feet and yield 100 below-market-rate rental units in studio to three-bedroom layouts, a below-ground medical facility, and 9,891 square feet of community facility space. The project also includes a 30-foot-long rear yard. Lettire Construction Corp. is the general contractor for the property, which is located between South Elliott Place and Hanson Place.
L+M Development Partners, Bluestone Organization, and Triangle Equities have closed on $44.66 million in financing to complete a major infrastructure improvement project in Arverne, Queens, a small coastal neighborhood on the Rockaway Peninsula. The financing will cover the reconstruction of Edgemere Avenue between Beach 32nd and Beach 38th Streets, critical infrastructure improvements to the surrounding neighborhood, and the completion of Arverne East, a 1,650-unit master-planned community.
