The affordable housing lottery has launched for 140 West Fordham Road, a seven-story residential building in University Heights, The Bronx. Designed by Marin Architects and developed by Stagg Group, the structure yields 54 residences. Available on NYC Housing Connect are 18 units for residents at 120 percent of the area median income (AMI), ranging in eligible income from $56,572 to $154,680.
L+M Development Partners, Bluestone Organization and Triangle Equities have closed on $30.3 million in financing to complete the first phase of Arverne East, a forthcoming master-planned community in the Rockaways.
Permits have been filed for a 46-story mixed-use building at 30-05 Queens Boulevard in Long Island City, Queens. Located at the intersection of Queens Plaza East and Queens Boulevard, the L-shaped lot is adjacent to the Queens Plaza subway station, serviced by the E, M, and R trains. Adam Good of Largavista Companies is listed as the owner behind the applications.
Permits have been filed for a nine-story residential building at 1824 Anthony Avenue in Tremont, The Bronx. Located between East 175th Street and East 176th Street, the lot is closest to the Tremont Avenue subway station, serviced by the B and D trains. Bimi Selimaj of Propco LLC is listed as the owner behind the applications.
At number 15 on our construction countdown is 3 Sutton Place, an 847-foot-tall residential skyscraper nearing completion at 430 East 58th Street in Midtown East. Designed by Thomas Juul-Hansen and developed by Gamma Real Estate with Stephen B. Jacobs Group as the executive architect, the 62-story tower is located between Sutton Place South and First Avenue and will yield 121 units. The site is a short walk from the Sutton Place Park North esplanade, which overlooks the East River, Roosevelt Island, and the growing Long Island City skyline.
