A 762-foot skyscraper in the Financial District is now accepting applications for 97 affordable apartments. Developed by Carmel Partners and designed by Gerner Kronick + Valcarcel and SLCE Architects, the residential development at 118 Fulton Street (also known as 19 Dutch Street) contains 483 rental units. The glassy tower will have over 8,000 square feet of retail space on the cellar, first and second levels. Qualifying New Yorkers earning 60 percent of the area median income can apply for units ranging from $788/month studios to $1,025/month two-bedrooms.
The lottery for TF Cornerstone’s massive building at 606 West 57th Street officially launched on Tuesday, offering 258 mixed-income rentals in the brand new 42-story tower. Designed by Arquitectonica, the rental, dubbed 606W57, boasts a unique, boxy design and will hold over 1,000 apartments. It sits near other West Side architectural standouts like the pyramid-shaped, Bjarke Ingels-designed Via57 West, as well as the Helena. Qualifying New Yorkers earning 40, 60 and 120 percent of the area median income can apply for units ranging from a $613/month studio to a $2,902/month three-bedroom.
Photo courtesy of City View Living
A housing lottery has launched for five newly-constructed middle-income units at 876 Bergen Street in the rapidly growing Crown Heights neighborhood of Brooklyn. The 8-story, 16-unit building is located near Classon Avenue surrounded by popular restaurants, bars and lots of public transportation options. Amenities include an outdoor garden, a rooftop lounge, 24-hour security cameras, a laundry room and bike storage. Qualifying New Yorkers earning 130 percent of the area median income can apply for one-bedroom apartments for $2,415/month.
In addition to upping the number of affordable housing units created or preserved in New York City, Mayor Bill de Blasio is pushing for greater transparency of his ambitious plan to bring 300,000 affordable units to the city by 2026. The Department of Housing Preservation and Development (HPD) launched an interactive map on Monday that displays all of the units, buildings, and projects that count towards the mayor’s Housing New York 2.0 plan (h/t Curbed NY). The counted units, with data starting with units from January 1, 2014 on and will be updated quarterly, are shown by the number of units and occupancy size.
Via Douglaston Development
New York City Seniors now have more options in the five boroughs as the lottery launches today for Staten Island’s Seaview Site C, comprised of 160 newly-constructed units at 155-175 Friendship Lane in the Todt Hill neighborhood. The Douglaston Development project is exclusively for low-income senior citizens and consists of 82 studios, 78 one-bedroom apartments, and a resident manager’s unit. Amenities include an indoor common area, outdoor patio, laundry room, and on-site parking.
CityRealty recently reported on the progress of the under-construction rental building at 515 West 36th Street, bringing us snapshots of the 39-story Midtown West tower, which topped out over the summer; next to arrive was its sleek glass facade. The mixed-use building will contain 250 rental units upon completion. A lottery launched today for 63 of those units set aside as low- and middle-income studios, one- and two-bedroom apartments. Qualifying New Yorkers earning 40, 60 and 130 percent of the area median income can apply for units ranging from $613/month studios to $2,733/month two-bedrooms.
Photo courtesy of CityRealty
A housing lottery launched on Thursday for three middle-income units in the Brooklyn artist enclave of Bushwick. The five-story building at 22 Melrose Street sits just off of Broadway, a busy thoroughfare that offers lots of restaurants, bars and galleries. Qualifying New Yorkers earning 130 percent of the area median income can apply for two-bedroom apartments for $2,726/month and just one three-bedroom apartment for $3,143/month.
Nine months after the housing lottery launched at Dattner Architects‘ 175 Delancey Street, a 100 percent affordable building for seniors at the Lower East Side’s Essex Crossing, Mayor de Blasio has announced that the development is officially open. Not only does this mark the first opening for the nine buildings rising at the 1.9 million-square-foot mega-development, but the ceremony held earlier today included the “emotional homecoming of six New Yorkers displaced from their homes 50 years ago” when the area’s working-class tenement district was razed under a Moses-era urban renewal initiative. Since that time, debates over what to do with the vacant area raged on, with local residents and affordable housing advocates such as Frances Goldin advocating that it be used for low-income housing. To mark these efforts, and their ultimate success, 175 Delancey Street was named the Frances Goldin Senior Apartments.
Map courtesy of RPA
To solve New York City’s housing and homelessness crisis, more affordable housing should be built in high-rise neighborhoods which have the infrastructure and amenities to support it, the Regional Plan Association (RPA) said in a report released Monday. In order to build more developments in areas of all incomes, RPA says a 67-year-old state law that prohibits residential buildings larger than 12 times their lot size needs to be repealed. Passed by the state in 1961, the law caps residential floor area ratio (FAR) at 12.0. The report calls for lifting the cap to give communities more of a voice in the creation of mixed-income housing, as well as allow for expensive neighborhoods to diversify and expand affordability.
Photo courtesy of Airbnb
Airbnb is responsible for the loss of between 7,000 and 13,500 long-term rental units in New York City while increasing the median long-term rent in the city by $380 a year, says a new report from McGill University. The study, commissioned by the union Hotel Trades Council, also found 87 percent of entire-home reservations are considered illegal under state law (h/t Politico NY). Mayor Bill de Blasio last year announced his plan to expand the city’s Office of Special Enforcement to crack down on illegal short-term rentals; it is illegal for NYC landlords to rent entire apartments for fewer than 30 days.