Massive Sendero Verde project will bring 655 affordable ‘passive house’ rentals to East Harlem

Posted On Tue, February 7, 2017 By

Posted On Tue, February 7, 2017 By In affordable housing, Harlem, New Developments

A massive, mixed-use development is moving ahead in East Harlem, reports Politico, as the city has selected Jonathan Rose Companies to work with L+M Development Partners on the 751,000-square-foot project. Dubbed Sendero Verde (“green pathway”), the site is located on the block bound by East 111th and 112th Streets and Park and Madison Avenues, and it will create 655 affordable passive house apartments, as well as a YMCA, job training center, 85,000-square-foot DREAM charter school, space for the local non-profit Union Settlement, a grocery store, restaurant, and preventative health care facility run by Mount Sinai.

The development may prove to be a selling point for the de Blasio administration’s proposed East Harlem rezoning plan. First introduced this past October, the plan would rezone the area bound by Second and Park Avenues and 104th to 125th Streets, extending west to Fifth Avenue from 126th to 132nd Streets. It would allow for buildings to rise 30 stories and include stipulations for affordable housing, public space, and local jobs.

To this end, the city envisions Sendero Verde as a “self-sustaining community,” a sentiment echoed by developer Jonathan Rose who said, “We hope this block will be a real model of transformation, not only for the new residents who live there but for the whole neighborhood.”

The project will replace four existing community gardens–Mission, Chenchitas, Villa Santurce Jardinera and Villa Santurce–but they’ll be given new space in the development.

In terms of its affordable housing, the income requirements will be a mix of low and middle income. Twenty percent of apartments will be reserved for three-person households earning no more than $24,480 annually, 60 percent for those households earning no more $48,960, and 20 percent for those earning no more than $106,031 (or 30, 60, and 130 percent of the area median income, respectively). Though the highest bracket is more expensive than local market-rate apartments, the city still considers the project “100 percent affordable” since the rents will be regulated. Additionally, 79 units will be reserved for seniors and 163 will remain permanently affordable under the new Mandatory Inclusionary Housing policy.

[Via Politico]

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Rendering via Handel Architects

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Neighborhoods : East Harlem

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