Blackstone Group has apparently shifted course and is now renovating and leasing all vacant units at Stuyvesant Town. This comes after the landlord faced criticism following revelations that the company has been keeping 20 to 50 percent of rent-regulated apartments at Stuy Town empty in reaction to the city’s new rent laws. It didn’t take long for authorities, including Mayor Bill de Blasio, to express concern over the findings. On Friday, a spokesperson for Blackstone told Gothamist, “We are renovating and leasing all vacant units, and we will continue to fulfill our commitment to voluntarily preserve 5,000 affordable apartments.”
Applications are currently being accepted for 169 newly constructed affordable apartments in the Bronx neighborhood of Fordham Manor. Located at 2519 Creston Avenue just half mile from Fordham University’s campus, the building sits on a corner overlooking St. James Park. Qualifying New Yorkers earning 40, 50, 60, 80, 90, and 110 percent of the area median income can apply for the units, ranging from a $475/month studio to a $2,158/month three-bedroom.
Rendering by FXCollaborative
A Harlem church looking to rezone part of Central Park North revealed plans this week to incorporate a music school and cultural center to its proposal for a 33-story residential tower. During a City Planning Commission hearing on Wednesday, La Hermosa Christian Church and FXCollaborative presented their design for the apartment building and the three-story community facility space. Congregants and church officials say the building at 5 West 110th Street is deteriorating, with many of its spaces unusable and inaccessible. “The project that we’re proposing means the survival of our church,” La Hermosa Pastor Dan Feliciano told the commissioners.
Image via Flickr
Sources told The Real Deal that Blackstone Group is keeping 20 to 50 rent-stabilized apartments at Stuyvesant Town and Peter Cooper Village vacant, following state rent law changes that will impede the landlord’s ability to raise rents through renovations. 6sqft reported last month that Blackstone—who purchased the massive 11,000+ unit apartment complex in partnership with Ivanhoe Cambridge for $5.5 billion in 2015—had stopped all non-urgent renovations and other planned work at Stuy Town and Peter Cooper Village as a result of the new rent laws.
Rendering of 118 Orchard Street by Gorlin Architects; View of former Moscot HQ via Google Street View
A lottery has opened for nine mixed-income units at the new residential building rising in the Lower East Side at the corner of Orchard and Delancey. The new construction at 118 Orchard Street replaced the iconic Moscot eyeglasses store that had been there for 77 years until it moved across the street. The 12-story building topped out earlier this summer and will comprise 24 apartments in total. Individuals and households earning 70 to 130 percent of the area median income are eligible to apply for the handful of one- and three-bedroom apartments, which range from $1,115 to $2,777/month.
Via Creative Commons
New Yorkers applying for affordable housing no longer need to provide credit scores or social security numbers, making it easier for low-income and undocumented immigrant households to qualify, the city announced Wednesday. The Department of Housing Preservation and Development expanded the guidelines of its affordable housing lottery policy to allow applicants to show 12 months of positive rental history instead of a credit check run by a landlord. This erases the need for adult household members to provide a social security number or an individual tax identification number.
Via Flickr cc
Applications are currently being accepted to replenish the waitlist for moderate-income apartments at two Long Island City buildings. Located across from the newly opened Hunter’s Point South Park, the towers at 1-50 50th Avenue and 1-55 Borden Avenue were developed in 2013 as part of the neighborhood’s waterfront redevelopment, with a majority of the apartments set aside low- and middle-income households. But apartments available through the current waitlist are for households earning between $104,538 and $278,300 annually with units ranging from a $2,992/month one-bedroom to a $5,183/month three-bedroom. In 2017, the median household income in Queens was just over $64,500 per year.
Image: Google street view.
A lottery has opened for 16 not-very-affordable units in a newly-constructed building across the street from Maria Hernandez Park in Bushwick. The building at 260 Knickerbocker Avenue is the first high rise adjoining the park. Qualifying New Yorkers earning a whopping 130 percent of the area median income can apply for the available units, including $2,100/month one-bedrooms and $2,300/month two-bedrooms.
affordable housing, Architecture, East New York, Landmarks Preservation Commission, New Developments
Revised rendering from August by Dattner Architects via LPC
Update 8/14/19: The Landmarks Preservation Commission on Tuesday approved Dattner Architects’ plan to construct a 14-story building behind the Empire State Dairy. According to Brownstoner, the architects removed the cantilever element from the project’s previous design and plan to preserve the chimney, instead of demolishing it. The new tower will replace two existing, but not landmarked, buildings, and include over 330 affordable apartments.
An affordable housing developer on Tuesday presented plans to the Landmarks Preservation Commission for a new building that would cantilever over the Empire State Dairy building in East New York. HP Brooklyn Dairy Housing Development Fund Company, part of the nonprofit Housing Partnership Development Corporation, wants to construct a 14-story tower on top of the early 20th-century factory, located at 2840 Atlantic Avenue. Landmarked in 2017, the factory is notable for its architectural style and decorative tile murals. Dattner Architects created the designs for the proposed complex shown in the new renderings. The new construction would be a major change for the property, which was purchased by the developer for $16.75 million last year.
Rendering of Athena North courtesy of Marvel Architects
A lottery opened this week for 114 mixed-income units at buildings that border the neighborhoods of Clinton Hill and Prospect Heights in Brooklyn. The newly constructed buildings are located at 909 Atlantic Avenue and 1043 Fulton Street, dubbed Athena South and Athena North, respectively. The affordable housing comes as part of the Hudson Companies’ redevelopment of the Brooklyn Heights branch of the Brooklyn Public Library, which sits in the developer’s new 38-story tower, One Clinton. Qualifying New Yorkers earning 60, 80, and 130 percent of the area median income can apply for the units, ranging from a $896/month studios to $2,952/month three-bedrooms.