Developers behind a new eight-story affordable housing building in Yonkers recently secured more than $7.85 million in construction financing to complete the project. Known as 178 Warburton at The Ridgeway, the development will contain 81 mixed-income rental apartments for households between 30 percent and 90 percent of the area median income.
Permits have been filed for a nine-story mixed-use building at 153-10 88th Avenue in Jamaica, Queens. Located at the intersection of 153rd Street and 88th Avenue, the corner lot is one block from the Parsons Boulevard subway station, serviced by the E and F trains. Zara Realty Holding Corp under the Rufus King Park Development is listed as the owner behind the applications.
The affordable housing lottery is now open for Arthur Avenue Senior Apartments, a nine-story senior living development at 600 East 179th Street in Tremont, The Bronx. Developed by Foxy Management in partnership with Hebrew Home at Riverdale under HPD’s Senior Affordable Rental Apartments program, the 130,000-square-foot building is designed by SLCE Architects and will yield a total 176 units in a mix of studios and one-bedroom units. Available on NYC Housing Connect are 122 apartments for senior residents at 30 and 50 percent of the area median income, ranging in eligible income from $0 to $51,200.
Supreme Equities recently acquired $16 million in construction financing for a new mixed-use residential building in The Bronx’s Allerton neighborhood. Located at 653-655 Mace Avenue, the seven-story building will yield 53 rental apartments, residential amenities, and community facility space on the ground floor.
Permits have been filed for an eight-story mixed-use building at 26 Sherman Avenue in Fort George, Manhattan. Located between Sickles Street and Arden Street, the interior lot is near the Dyckman Street subway station, serviced by the A train. Shloime Gross under the 26 Sherman Residence LLC is listed as the owner behind the applications.