Yonkers IDA Approves Major Incentives Packages for Two Mixed-Income Residential Developments
The Yonkers Industrial Development Agency recently approved incentives for two new mixed-income residential properties.
Residential
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Permits Filed for 28-Story Tower at 126 East 57th Street in Midtown East
Permits have been filed for a 28-story residential building at 126 East 57th Street on Billionaires’ Row in Midtown East, Manhattan. Located between Park and Lexington Avenues, the lot is two blocks south of the 59 Street-Lexington Avenue subway station, serviced by the 4,5, 6, N, R, and W trains. MRR Development is listed as the owner behind the applications.
Park House Nears Completion at 500 West 22nd Street in West Chelsea, Manhattan
Exterior work is nearing completion on Park House, an eight-story residential building at 500 West 22nd Street in West Chelsea. Alternately addressed as 197 Tenth Avenue, the 33,662-square-foot structure is designed by Annabelle Selldorf of Selldorf Architects for Brantwood Capital and will yield ten residential units and 1,959 square feet of ground-floor retail space. Compass is handling sales and marketing for the homes, which range from one- to four-bedroom units and two duplex penthouses, with pricing from $2.65 million to $12 million. The corner property is located at the intersection of Tenth Avenue and West 22nd Street, a short distance from the High Line. Foundations Group is the general contractor.
DOB Approves 30-Story Mixed-Use Tower at 3875 Ninth Avenue in Inwood, Manhattan
The New York City Department of Buildings recently approved applications to construct a new 30-story mixed-use property at 3875 Ninth Avenue in Manhattan. The development is located at the waterfront edge of Inwood and will create over 600 units of affordable and middle-income housing, roughly 62,000 square feet of retail space positioned on the lower levels of the building, and 122 parking spaces.
Permits Filed for 499-Unit Development at 2-33 50th Avenue in Long Island City, Queens
Permits have been filed for a 12-story mixed-use building at 2-33 50th Avenue in Long Island City, Queens. Located between Center Boulevard and 5th Street, the lot is near the Vernon Boulevard-Jackson Avenue subway station, serviced by the 7 train. Peter Papamichael of The Vorea Group is listed as the owner behind the applications, under the 50th & 5th LIC LLC.
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